Inducto Steel (BOM:532001) Days Payable : 300.69 (As of Dec. 2023)

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What is Inducto Steel Days Payable?

Inducto Steel's average Accounts Payable for the three months ended in Dec. 2023 was ₹682.4 Mil. Inducto Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹207.1 Mil. Hence, Inducto Steel's Days Payable for the three months ended in Dec. 2023 was 300.69.

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

BOM:532001' s Days Payable Range Over the Past 10 Years
Min: 57.41 Med: 244.8 Max: 1176.59
Current: 277.93

During the past 13 years, Inducto Steel's highest Days Payable was 1176.59. The lowest was 57.41. And the median was 244.80.

BOM:532001's Days Payable is ranked better than
84% of 225 companies
in the Waste Management industry
Industry Median: 71.54 vs BOM:532001: 277.93

Inducto Steel's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (300.69). It may suggest that Inducto Steel delayed paying its suppliers.

Inducto Steel Days Payable Historical Data

The historical data trend for Inducto Steel'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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Inducto Steel Days Payable Chart

Inducto Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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57.41

87.87

244.80

143.60

Inducto Steel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															-	-	-	157.90	300.69

Competitive Comparison of Inducto Steel's Days Payable

For the Waste Management subindustry, Inducto Steel'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.

Inducto Steel's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Inducto Steel's Days Payable distribution charts can be found below:

* The bar in red indicates where Inducto Steel's Days Payable falls into.

Inducto Steel 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.

Inducto Steel'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
=	( (337.987	+	0)	/	1 )	/	859.102	*	365
=	337.987					/	859.102	*	365
=	143.60

Inducto Steel'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
=	( (682.369	+	0)	/	1 )	/	207.075	*	365 / 4
=	682.369					/	207.075	*	365 / 4
=	300.69

Inducto Steel Days Payable Related Terms

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Inducto Steel (BOM:532001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Inducto Steel Ltd (BOM:532001) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

220, Jamnalal Bajaj Marg, 156, Maker Chambers VI, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.hariyanagroup.com

Inducto Steel Ltd is a company that operates in ship breaking business. The activities of the group function through Mumbai in trading and investments and via Bhavnagar in shipbreaking and trading segments. The Trading segment engages in the business of trading in metal scrap, coals, graphite electrodes, and other industrial inouts. The Ship Breaking segment includes dismantling or breaking old and used ships. Geographically activities are carried out throughout the region of India. The majority of the revenue is generated from Manufactured products.

Inducto Steel (BOM:532001) Headlines

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