Amreli Steels (KAR:ASTL) Days Payable : 32.75 (As of Dec. 2023)

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What is Amreli Steels Days Payable?

Amreli Steels's average Accounts Payable for the three months ended in Dec. 2023 was ₨3,663 Mil. Amreli Steels's Cost of Goods Sold for the three months ended in Dec. 2023 was ₨10,204 Mil. Hence, Amreli Steels's Days Payable for the three months ended in Dec. 2023 was 32.75.

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

KAR:ASTL' s Days Payable Range Over the Past 10 Years
Min: 2.44 Med: 20.02 Max: 39.32
Current: 27.36

During the past 13 years, Amreli Steels's highest Days Payable was 39.32. The lowest was 2.44. And the median was 20.02.

KAR:ASTL's Days Payable is ranked worse than
69.56% of 588 companies
in the Steel industry
Industry Median: 39.865 vs KAR:ASTL: 27.36

Amreli Steels's Days Payable increased from Dec. 2022 (8.95) to Dec. 2023 (32.75). It may suggest that Amreli Steels delayed paying its suppliers.

Amreli Steels Days Payable Historical Data

The historical data trend for Amreli Steels'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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Amreli Steels Days Payable Chart

Amreli Steels Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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2.44

25.35

4.32

2.73

20.11

Amreli Steels 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															8.95	15.23	27.70	34.11	32.75

Competitive Comparison of Amreli Steels's Days Payable

For the Steel subindustry, Amreli Steels'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.

Amreli Steels's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Amreli Steels's Days Payable falls into.

Amreli Steels 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.

Amreli Steels's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (365.001	+	3989.893)	/	2 )	/	39530.56	*	365
=	2177.447					/	39530.56	*	365
=	20.11

Amreli Steels'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
=	( (3160.249	+	4164.927)	/	2 )	/	10204.139	*	365 / 4
=	3662.588					/	10204.139	*	365 / 4
=	32.75

Amreli Steels Days Payable Related Terms

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Amreli Steels (KAR:ASTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Amreli Steels Ltd (KAR:ASTL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sky Tower, West Wing, Tower–A, Plot No. HC-3, Block No. 4, 14th Floor, KDA Scheme 5, Clifton, Karachi, PAK, 75730

Website

https://www.amrelisteel.com

Amreli Steels Ltd is involved in the manufacturing of steel reinforcement bars in Pakistan. The company's product offerings include Amreli Steels Maxima, Amreli Steels Ultima, Amreli Steels Xtreme and amongst others. The majority of the firm's revenue is derived from Pakistan.