Gandhi Special Tubes (BOM:513108) Days Payable : 22.09 (As of Dec. 2023)

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What is Gandhi Special Tubes Days Payable?

Gandhi Special Tubes's average Accounts Payable for the three months ended in Dec. 2023 was ₹38 Mil. Gandhi Special Tubes's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹156 Mil. Hence, Gandhi Special Tubes's Days Payable for the three months ended in Dec. 2023 was 22.09.

The historical rank and industry rank for Gandhi Special Tubes's Days Payable or its related term are showing as below:

BOM:513108' s Days Payable Range Over the Past 10 Years
Min: 7.04 Med: 11.46 Max: 16.76
Current: 13.57

During the past 13 years, Gandhi Special Tubes's highest Days Payable was 16.76. The lowest was 7.04. And the median was 11.46.

BOM:513108's Days Payable is ranked worse than
97.3% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs BOM:513108: 13.57

Gandhi Special Tubes's Days Payable increased from Dec. 2022 (16.78) to Dec. 2023 (22.09). It may suggest that Gandhi Special Tubes delayed paying its suppliers.

Gandhi Special Tubes Days Payable Historical Data

The historical data trend for Gandhi Special Tubes'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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Gandhi Special Tubes Days Payable Chart

Gandhi Special Tubes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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14.38

16.76

12.09

10.55

7.82

Gandhi Special Tubes 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															16.78	7.53	7.49	19.22	22.09

Competitive Comparison of Gandhi Special Tubes's Days Payable

For the Metal Fabrication subindustry, Gandhi Special Tubes'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.

Gandhi Special Tubes's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gandhi Special Tubes's Days Payable distribution charts can be found below:

* The bar in red indicates where Gandhi Special Tubes's Days Payable falls into.

Gandhi Special Tubes 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.

Gandhi Special Tubes'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
=	( (13.682	+	15.617)	/	2 )	/	684.169	*	365
=	14.6495					/	684.169	*	365
=	7.82

Gandhi Special Tubes'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
=	( (37.668	+	0)	/	1 )	/	155.568	*	365 / 4
=	37.668					/	155.568	*	365 / 4
=	22.09

Gandhi Special Tubes Days Payable Related Terms

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Gandhi Special Tubes (BOM:513108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gandhi Special Tubes Ltd (BOM:513108) » Definitions » Days Payable

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GANDHITUBE:India

Address

55 Hughes Road, Next to Dharam Palace, 201-204, Plaza, 2nd Floor, Mumbai, MH, IND, 400007

Website

https://www.gandhispecialtubes.com

Gandhi Special Tubes Ltd manufactures and markets welded and seamless steel tubes of different sizes and specifications, and cold-formed coupling nuts. The company is involved in manufacturing automobile components, cold-formed tube nuts for fuel injection tube assemblies, hydraulic and other tube assemblies. Its products include Welded Tubes, Seamless Tubes, Wind Power, and Cold Formed Nuts. Products of the firm are supplied to the original equipment manufacturers of the automotive sector, farm equipment manufacturers, construction equipment manufacturers, refrigerator manufacturers, and other engineering industries. It also operates in the power sector through windmills installed in Maharashtra and Gujarat.

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