Jai Balaji Industries (NSE:JAIBALAJI) Days Payable : 66.80 (As of Mar. 2024)

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What is Jai Balaji Industries Days Payable?

Jai Balaji Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹8,705 Mil. Jai Balaji Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹11,891 Mil. Hence, Jai Balaji Industries's Days Payable for the three months ended in Mar. 2024 was 66.80.

The historical rank and industry rank for Jai Balaji Industries's Days Payable or its related term are showing as below:

NSE:JAIBALAJI' s Days Payable Range Over the Past 10 Years
Min: 66.67 Med: 103.91 Max: 292.02
Current: 78.1

During the past 13 years, Jai Balaji Industries's highest Days Payable was 292.02. The lowest was 66.67. And the median was 103.91.

NSE:JAIBALAJI's Days Payable is ranked better than
74.74% of 586 companies
in the Steel industry
Industry Median: 41.325 vs NSE:JAIBALAJI: 78.10

Jai Balaji Industries's Days Payable increased from Mar. 2023 (52.71) to Mar. 2024 (66.80). It may suggest that Jai Balaji Industries delayed paying its suppliers.

Jai Balaji Industries Days Payable Historical Data

The historical data trend for Jai Balaji Industries'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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Jai Balaji Industries Days Payable Chart

Jai Balaji Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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101.82

116.28

79.01

66.67

77.93

Jai Balaji Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															52.71	84.10	80.97	83.29	66.80

Competitive Comparison of Jai Balaji Industries's Days Payable

For the Steel subindustry, Jai Balaji Industries'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.

Jai Balaji Industries's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Jai Balaji Industries's Days Payable falls into.

Jai Balaji Industries 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.

Jai Balaji Industries'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
=	( (8989.513	+	8704.834)	/	2 )	/	41436.191	*	365
=	8847.1735					/	41436.191	*	365
=	77.93

Jai Balaji Industries'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	+	8704.834)	/	1 )	/	11891.251	*	365 / 4
=	8704.834					/	11891.251	*	365 / 4
=	66.80

Jai Balaji Industries Days Payable Related Terms

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Jai Balaji Industries (NSE:JAIBALAJI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jai Balaji Industries Ltd (NSE:JAIBALAJI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

532976:India

Address

5, Bentinck Street, 1st Floor, Kolkata, WB, IND, 700 001

Website

http://www.jaibalajigroup.com

Jai Balaji Industries Ltd is an India based iron and steel manufacturing company. It manufactures Sponge Iron, Pig Iron, Ductile Iron Pipe, Ferro Chrome, Billet, TMT, Coke, and Sinter. The company is engaged in a single reportable segment of Iron and Steel. Geographically, it has a business presence in India and also exports it to other countries, of which key revenue is derived from India.

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