Steel City Securities (NSE:STEELCITY) Days Payable : 1,728.16 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Steel City Securities Days Payable?

Steel City Securities's average Accounts Payable for the three months ended in Dec. 2023 was ₹630.8 Mil. Steel City Securities's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹33.3 Mil. Hence, Steel City Securities's Days Payable for the three months ended in Dec. 2023 was 1,728.16.

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

NSE:STEELCITY' s Days Payable Range Over the Past 10 Years
Min: 381.71 Med: 620.2 Max: 935.63
Current: 935.63

During the past 12 years, Steel City Securities's highest Days Payable was 935.63. The lowest was 381.71. And the median was 620.20.

NSE:STEELCITY's Days Payable is ranked better than
79.35% of 523 companies
in the Capital Markets industry
Industry Median: 109.74 vs NSE:STEELCITY: 935.63

Steel City Securities's Days Payable increased from Dec. 2022 (1,380.78) to Dec. 2023 (1,728.16). It may suggest that Steel City Securities delayed paying its suppliers.

Steel City Securities Days Payable Historical Data

The historical data trend for Steel City Securities'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.

* Premium members only.

Steel City Securities Days Payable Chart

Steel City Securities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

695.14

818.03

747.82

679.66

915.92

Steel City Securities 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															1,380.78	440.78	1,495.78	1,559.25	1,728.16

Competitive Comparison of Steel City Securities's Days Payable

For the Capital Markets subindustry, Steel City Securities'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.

Steel City Securities's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Steel City Securities's Days Payable distribution charts can be found below:

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

Steel City Securities 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.

Steel City Securities'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
=	( (501.914	+	514.777)	/	2 )	/	202.578	*	365
=	508.3455					/	202.578	*	365
=	915.92

Steel City Securities'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
=	( (630.774	+	0)	/	1 )	/	33.306	*	365 / 4
=	630.774					/	33.306	*	365 / 4
=	1,728.16

Steel City Securities Days Payable Related Terms

Thank you for viewing the detailed overview of Steel City Securities's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Steel City Securities (NSE:STEELCITY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Steel City Securities Ltd (NSE:STEELCITY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

50-81-18, Seethammapeta Main Raod, Steel City Heights, Visakhapatnam, AP, IND, 530016

Website

https://www.steelcitynettrade.com

Steel City Securities Ltd is engaged in the business of retail broking (securities and commodity broking), DP Services, E-Governance, Services of EA of UIDAI, Corporate insurance agents, and marketing support services. The operating segment of the company is Stock and Commodity Broking and DP Operations and E-Governance Operations. It generates maximum revenue from the Stockbroking and DP Operations.

Steel City Securities (NSE:STEELCITY) Headlines

No Headlines