Ratnamani Metals & Tubes (BOM:520111) Days Payable : 30.39 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Ratnamani Metals & Tubes Days Payable?

Ratnamani Metals & Tubes's average Accounts Payable for the three months ended in Dec. 2023 was ₹2,786 Mil. Ratnamani Metals & Tubes's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹8,367 Mil. Hence, Ratnamani Metals & Tubes's Days Payable for the three months ended in Dec. 2023 was 30.39.

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

BOM:520111' s Days Payable Range Over the Past 10 Years
Min: 32.27 Med: 46.93 Max: 60.1
Current: 32.27

During the past 13 years, Ratnamani Metals & Tubes's highest Days Payable was 60.10. The lowest was 32.27. And the median was 46.93.

BOM:520111's Days Payable is ranked worse than
60.54% of 588 companies
in the Steel industry
Industry Median: 39.59 vs BOM:520111: 32.27

Ratnamani Metals & Tubes's Days Payable declined from Dec. 2022 (31.34) to Dec. 2023 (30.39). It may suggest that Ratnamani Metals & Tubes accelerated paying its suppliers.

Ratnamani Metals & Tubes Days Payable Historical Data

The historical data trend for Ratnamani Metals & 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.

* Premium members only.

Ratnamani Metals & Tubes Days Payable Chart

Ratnamani Metals & Tubes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

44.91

57.28

60.10

46.47

41.11

Ratnamani Metals & 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															31.34	31.79	44.12	36.64	30.39

Competitive Comparison of Ratnamani Metals & Tubes's Days Payable

For the Steel subindustry, Ratnamani Metals & 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.

Ratnamani Metals & Tubes's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Ratnamani Metals & Tubes's Days Payable falls into.

Ratnamani Metals & 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.

Ratnamani Metals & 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
=	( (3144.859	+	3741.916)	/	2 )	/	30569.657	*	365
=	3443.3875					/	30569.657	*	365
=	41.11

Ratnamani Metals & 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
=	( (2786.47	+	0)	/	1 )	/	8367.375	*	365 / 4
=	2786.47					/	8367.375	*	365 / 4
=	30.39

Ratnamani Metals & Tubes Days Payable Related Terms

Thank you for viewing the detailed overview of Ratnamani Metals & Tubes's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ratnamani Metals & Tubes (BOM:520111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnamani Metals & Tubes Ltd (BOM:520111) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RATNAMANI:India

Address

The First Avenue Road, Off 132 Ft Ring Road, The First, A & B Wing, 9th Floor, Behind Keshav Baug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015

Website

https://www.ratnamani.com

Ratnamani Metals & Tubes Ltd is a manufacturer of stainless steel pipes, tubes, and carbon steel pipes. The company's product mix consists of stainless steel tubes and pipes, carbon steel pipes, and external and internal coating solutions. It operates in the Steel Tubes and Pipes segment. The company's end market by revenue is India. The firm's manufacturing facilities are located in Kutch, Indrad, and Chhatral in the state of Gujarat.

Ratnamani Metals & Tubes (BOM:520111) Headlines

No Headlines