Swastik Pipe (NSE:SWASTIK) Days Payable : 38.84 (As of Mar. 2023)

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What is Swastik Pipe Days Payable?

Swastik Pipe's average Accounts Payable for the six months ended in Mar. 2023 was ₹668 Mil. Swastik Pipe's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹6,280 Mil. Hence, Swastik Pipe's Days Payable for the six months ended in Mar. 2023 was 19.42.

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

NSE:SWASTIK' s Days Payable Range Over the Past 10 Years
Min: 29.03 Med: 38.5 Max: 40.48
Current: 38.84

During the past 4 years, Swastik Pipe's highest Days Payable was 40.48. The lowest was 29.03. And the median was 38.50.

NSE:SWASTIK's Days Payable is ranked worse than
51.54% of 586 companies
in the Steel industry
Industry Median: 41.325 vs NSE:SWASTIK: 38.84

Swastik Pipe's Days Payable increased from Mar. 2021 (38.16) to Mar. 2023 (38.84). It may suggest that Swastik Pipe delayed paying its suppliers.

Swastik Pipe Days Payable Historical Data

The historical data trend for Swastik Pipe'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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Swastik Pipe Days Payable Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

29.03

38.16

40.48

38.84

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Days Payable	29.03	38.16	40.48	38.84

Competitive Comparison of Swastik Pipe's Days Payable

For the Steel subindustry, Swastik Pipe'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.

Swastik Pipe's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Swastik Pipe's Days Payable falls into.

Swastik Pipe 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.

Swastik Pipe'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
=	( (714.11	+	622.606)	/	2 )	/	6280.302	*	365
=	668.358					/	6280.302	*	365
=	38.84

Swastik Pipe's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (714.11	+	622.606)	/	2 )	/	6280.302	*	365 / 2
=	668.358					/	6280.302	*	365 / 2
=	19.42

Swastik Pipe Days Payable Related Terms

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Swastik Pipe (NSE:SWASTIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swastik Pipe Ltd (NSE:SWASTIK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Arihant Nagar, Punjabi Bagh (West), New Delhi, IND, 110026

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

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