Rajnandini Metal (NSE:RAJMET) Days Payable : 8.08 (As of Dec. 2023)

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What is Rajnandini Metal Days Payable?

Rajnandini Metal's average Accounts Payable for the three months ended in Dec. 2023 was ₹252 Mil. Rajnandini Metal's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,843 Mil. Hence, Rajnandini Metal's Days Payable for the three months ended in Dec. 2023 was 8.08.

The historical rank and industry rank for Rajnandini Metal's Days Payable or its related term are showing as below:

NSE:RAJMET' s Days Payable Range Over the Past 10 Years
Min: 7.54 Med: 16.34 Max: 63.91
Current: 7.54

During the past 11 years, Rajnandini Metal's highest Days Payable was 63.91. The lowest was 7.54. And the median was 16.34.

NSE:RAJMET's Days Payable is ranked worse than
98.13% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs NSE:RAJMET: 7.54

Rajnandini Metal's Days Payable declined from Dec. 2022 (9.47) to Dec. 2023 (8.08). It may suggest that Rajnandini Metal accelerated paying its suppliers.

Rajnandini Metal Days Payable Historical Data

The historical data trend for Rajnandini Metal's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Rajnandini Metal Days Payable Chart

Rajnandini Metal Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

12.75

11.81

10.18

9.38

8.85

Rajnandini Metal Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															9.47	6.49	8.39	7.24	8.08

Competitive Comparison of Rajnandini Metal's Days Payable

For the Copper subindustry, Rajnandini Metal's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rajnandini Metal's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rajnandini Metal's Days Payable distribution charts can be found below:

* The bar in red indicates where Rajnandini Metal's Days Payable falls into.

Rajnandini Metal Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Rajnandini Metal's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (245.6	+	231.8)	/	2 )	/	9841.9	*	365
=	238.7					/	9841.9	*	365
=	8.85

Rajnandini Metal's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (251.7	+	0)	/	1 )	/	2842.6	*	365 / 4
=	251.7					/	2842.6	*	365 / 4
=	8.08

Rajnandini Metal Days Payable Related Terms

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Rajnandini Metal (NSE:RAJMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rajnandini Metal Ltd (NSE:RAJMET) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 344, Sector - 3, Phase - II, IMT Bawal, Rewari, Bawal, HR, IND, 123501

Website

https://www.rajnandinimetal.com

Rajnandini Metal Ltd is an India-based company mainly y engaged in the business of manufacturing, trading or otherwise deal in high-grade Copper Continuous Casting Rods and copper wires. Its Products offeres Copper Rod Annealed Bare Copper Wire, Fine Copper Wire, Bunched Copper Wire, and Submersible Wires & Flat Cables.

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