Shyam Metalics and Energy (NSE:SHYAMMETL) Days Payable : 83.24 (As of Mar. 2024)

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What is Shyam Metalics and Energy Days Payable?

Shyam Metalics and Energy's average Accounts Payable for the three months ended in Mar. 2024 was ₹23,689 Mil. Shyam Metalics and Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹25,968 Mil. Hence, Shyam Metalics and Energy's Days Payable for the three months ended in Mar. 2024 was 83.24.

The historical rank and industry rank for Shyam Metalics and Energy's Days Payable or its related term are showing as below:

NSE:SHYAMMETL' s Days Payable Range Over the Past 10 Years
Min: 29.3 Med: 42.57 Max: 95.98
Current: 95.98

During the past 8 years, Shyam Metalics and Energy's highest Days Payable was 95.98. The lowest was 29.30. And the median was 42.57.

NSE:SHYAMMETL's Days Payable is ranked better than
83.53% of 583 companies
in the Steel industry
Industry Median: 41.6 vs NSE:SHYAMMETL: 95.98

Shyam Metalics and Energy's Days Payable increased from Dec. 2022 (50.50) to Mar. 2024 (83.24). It may suggest that Shyam Metalics and Energy delayed paying its suppliers.

Shyam Metalics and Energy Days Payable Historical Data

The historical data trend for Shyam Metalics and Energy'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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Shyam Metalics and Energy Days Payable Chart

Shyam Metalics and Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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43.86

42.53

42.60

55.53

74.98

Shyam Metalics and Energy Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														50.50	57.26	70.01	64.66	83.24

Competitive Comparison of Shyam Metalics and Energy's Days Payable

For the Steel subindustry, Shyam Metalics and Energy'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.

Shyam Metalics and Energy's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shyam Metalics and Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where Shyam Metalics and Energy's Days Payable falls into.

Shyam Metalics and Energy 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.

Shyam Metalics and Energy's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (15253.7	+	23688.8)	/	2 )	/	94786.8	*	365
=	19471.25					/	94786.8	*	365
=	74.98

Shyam Metalics and Energy's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	23688.8)	/	1 )	/	25968.1	*	365 / 4
=	23688.8					/	25968.1	*	365 / 4
=	83.24

Shyam Metalics and Energy Days Payable Related Terms

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Shyam Metalics and Energy (NSE:SHYAMMETL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shyam Metalics and Energy Ltd (NSE:SHYAMMETL) » Definitions » Days Payable

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Traded in Other Exchanges

543299:India

Address

83, Topsia Road, Trinity Tower, 7th Floor, Kolkata, WB, IND, 700046

Website

https://www.shyammetalics.com

Shyam Metalics and Energy Ltd is an integrated metal producer company. It is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. The company generates the majority of its revenue from India. The group revenue from the Sale of Manufactured Products, Sale of Services, Sale of Traded Goods, and Sale of Power, with the majority being generated from the sale of manufactured products.

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