Esfahans Mobarakeh Steel Co (XTEH:FOLD1) Days Payable : 19.24 (As of Mar. 2015)

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What is Esfahans Mobarakeh Steel Co Days Payable?

Esfahans Mobarakeh Steel Co's average Accounts Payable for the six months ended in Mar. 2015 was IRR4,608,373 Mil. Esfahans Mobarakeh Steel Co's Cost of Goods Sold for the six months ended in Mar. 2015 was IRR87,435,474 Mil. Hence, Esfahans Mobarakeh Steel Co's Days Payable for the six months ended in Mar. 2015 was 9.62.

The historical rank and industry rank for Esfahans Mobarakeh Steel Co's Days Payable or its related term are showing as below:

XTEH:FOLD1's Days Payable is not ranked ^*
in the Steel industry.
Industry Median: 41.6
* Ranked among companies with meaningful Days Payable only.

Esfahans Mobarakeh Steel Co's Days Payable declined from Mar. 2013 (40.57) to Mar. 2015 (19.24). It may suggest that Esfahans Mobarakeh Steel Co accelerated paying its suppliers.

Esfahans Mobarakeh Steel Co Days Payable Historical Data

The historical data trend for Esfahans Mobarakeh Steel Co'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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Esfahans Mobarakeh Steel Co Days Payable Chart

Esfahans Mobarakeh Steel Co Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Days Payable

47.90

52.92

40.57

34.76

19.24

Esfahans Mobarakeh Steel Co Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15
Days Payable	47.90	52.92	40.57	34.76	19.24

Competitive Comparison of Esfahans Mobarakeh Steel Co's Days Payable

For the Steel subindustry, Esfahans Mobarakeh Steel Co'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.

Esfahans Mobarakeh Steel Co's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Esfahans Mobarakeh Steel Co's Days Payable falls into.

Esfahans Mobarakeh Steel Co 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.

Esfahans Mobarakeh Steel Co's Days Payable for the fiscal year that ended in Mar. 2015 is calculated as

	Days Payable (A: Mar. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2014 )	+	Accounts Payable (A: Mar. 2015 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2015 )	*	Days in Period
=	( (7889237	+	1327509)	/	2 )	/	87435474	*	365
=	4608373					/	87435474	*	365
=	19.24

Esfahans Mobarakeh Steel Co's Days Payable for the quarter that ended in Mar. 2015 is calculated as:

	Days Payable (Q: Mar. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2014 )	+	Accounts Payable (Q: Mar. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2015 )	*	Days in Period
=	( (7889237	+	1327509)	/	2 )	/	87435474	*	365 / 2
=	4608373					/	87435474	*	365 / 2
=	9.62

Esfahans Mobarakeh Steel Co Days Payable Related Terms

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Esfahans Mobarakeh Steel Co (XTEH:FOLD1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Esfahans Mobarakeh Steel Co (XTEH:FOLD1) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Sa'adat Abad Street, P.O.BOX: 161-84815, Azadi Square, Esfahan, IRN, 11131-84881

Website

http://www.msc.ir

Esfahans Mobarakeh Steel Co is an Iran-based company engaged in producing steel in the Middle East and Northern Africa. Its products include hot rolled products, cold rolled products, coated products including galvanized, tinned and pre-painted products. The company's products are used in various industries, such as automotive, construction, household appliances, and packaging. It also exports its products to Belgium, France, Italy, Spain, Qatar, Saudi Arabia, the United Arab Emirates, Kuwait, Iraq, Oman, Jordan, Armenia, and Georgia.

Esfahans Mobarakeh Steel Co (XTEH:FOLD1) Headlines

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