Jindal Stainless (BOM:532508) Days Payable : 92.12 (As of Dec. 2023)

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What is Jindal Stainless Days Payable?

Jindal Stainless's average Accounts Payable for the three months ended in Dec. 2023 was ₹66,559 Mil. Jindal Stainless's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹65,929 Mil. Hence, Jindal Stainless's Days Payable for the three months ended in Dec. 2023 was 92.12.

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

BOM:532508' s Days Payable Range Over the Past 10 Years
Min: 59.37 Med: 87.16 Max: 124.57
Current: 67.16

During the past 13 years, Jindal Stainless's highest Days Payable was 124.57. The lowest was 59.37. And the median was 87.16.

BOM:532508's Days Payable is ranked better than
68.88% of 588 companies
in the Steel industry
Industry Median: 39.59 vs BOM:532508: 67.16

Jindal Stainless's Days Payable increased from Dec. 2022 (47.69) to Dec. 2023 (92.12). It may suggest that Jindal Stainless delayed paying its suppliers.

Jindal Stainless Days Payable Historical Data

The historical data trend for Jindal Stainless'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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Jindal Stainless Days Payable Chart

Jindal Stainless Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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72.49

85.33

96.72

59.37

82.64

Jindal Stainless 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															47.69	64.87	94.22	83.08	92.12

Competitive Comparison of Jindal Stainless's Days Payable

For the Steel subindustry, Jindal Stainless'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.

Jindal Stainless's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Jindal Stainless's Days Payable falls into.

Jindal Stainless 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.

Jindal Stainless'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
=	( (57427.1	+	78209.9)	/	2 )	/	299520.1	*	365
=	67818.5					/	299520.1	*	365
=	82.64

Jindal Stainless'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
=	( (66559	+	0)	/	1 )	/	65929.4	*	365 / 4
=	66559					/	65929.4	*	365 / 4
=	92.12

Jindal Stainless Days Payable Related Terms

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Jindal Stainless (BOM:532508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jindal Stainless Ltd (BOM:532508) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

JSL:India

Address

Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, IND, 110066

Website

https://www.jindalstainless.com

Jindal Stainless Ltd is an India-based stainless steel manufacturing company. It offers products such as ferroalloys, stainless steel slabs, and blooms, hot rolled and cold rolled coils, plates, razor blade steel, precision strips, and coin blanks. The firm has a distribution network through its service centers and warehouses in both the Indian and overseas markets. Jindal derives most of the revenue from the sale of steel products.

Jindal Stainless (BOM:532508) Headlines

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