Vulcan Steel (ASX:VSL) Days Payable : 71.37 (As of Dec. 2023)

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What is Vulcan Steel Days Payable?

Vulcan Steel's average Accounts Payable for the six months ended in Dec. 2023 was A$132 Mil. Vulcan Steel's Cost of Goods Sold for the six months ended in Dec. 2023 was A$339 Mil. Hence, Vulcan Steel's Days Payable for the six months ended in Dec. 2023 was 71.37.

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

ASX:VSL' s Days Payable Range Over the Past 10 Years
Min: 66.35 Med: 80.25 Max: 94.14
Current: 71.55

During the past 3 years, Vulcan Steel's highest Days Payable was 94.14. The lowest was 66.35. And the median was 80.25.

ASX:VSL's Days Payable is ranked better than
72.45% of 588 companies
in the Steel industry
Industry Median: 39.59 vs ASX:VSL: 71.55

Vulcan Steel's Days Payable increased from Dec. 2022 (66.55) to Dec. 2023 (71.37). It may suggest that Vulcan Steel delayed paying its suppliers.

Vulcan Steel Days Payable Historical Data

The historical data trend for Vulcan 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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Vulcan Steel Days Payable Chart

Vulcan Steel Annual Data

Trend

Jun21

Jun22

Jun23

Days Payable

94.14

66.35

Vulcan Steel Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	114.96	96.51	66.55	70.16	71.37

Competitive Comparison of Vulcan Steel's Days Payable

For the Steel subindustry, Vulcan 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.

Vulcan Steel's Days Payable Distribution in the Steel Industry

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

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

Vulcan 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.

Vulcan Steel'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
=	( (135.69	+	130.5)	/	2 )	/	732.149	*	365
=	133.095					/	732.149	*	365
=	66.35

Vulcan 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (130.5	+	134.398)	/	2 )	/	338.674	*	365 / 2
=	132.449					/	338.674	*	365 / 2
=	71.37

Vulcan Steel Days Payable Related Terms

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Vulcan Steel (ASX:VSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vulcan Steel Ltd (ASX:VSL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VSL:New Zealand

Address

29 Neales Road, East Tamaki, Auckland, NTL, NZL, 2013

Website

https://www.vulcan.co

Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New , which includes Stainless Steel, Engineering Steel and Aluminium.