Tata Steel (NSE:TATASTEEL) Days Payable : 135.20 (As of Dec. 2023)

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What is Tata Steel Days Payable?

Tata Steel's average Accounts Payable for the three months ended in Dec. 2023 was ₹332,567 Mil. Tata Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹224,465 Mil. Hence, Tata Steel's Days Payable for the three months ended in Dec. 2023 was 135.20.

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

NSE:TATASTEEL' s Days Payable Range Over the Past 10 Years
Min: 94.64 Med: 107.23 Max: 140.08
Current: 94.64

During the past 13 years, Tata Steel's highest Days Payable was 140.08. The lowest was 94.64. And the median was 107.23.

NSE:TATASTEEL's Days Payable is ranked better than
83.16% of 588 companies
in the Steel industry
Industry Median: 39.59 vs NSE:TATASTEEL: 94.64

Tata Steel's Days Payable increased from Dec. 2022 (98.09) to Dec. 2023 (135.20). It may suggest that Tata Steel delayed paying its suppliers.

Tata Steel Days Payable Historical Data

The historical data trend for Tata 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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Tata Steel Days Payable Chart

Tata Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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103.72

101.74

121.76

105.28

96.12

Tata Steel 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															98.09	60.51	125.65	117.15	135.20

Competitive Comparison of Tata Steel's Days Payable

For the Steel subindustry, Tata 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.

Tata Steel's Days Payable Distribution in the Steel Industry

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

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

Tata 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.

Tata Steel'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
=	( (367648.7	+	378325.4)	/	2 )	/	1416371.8	*	365
=	372987.05					/	1416371.8	*	365
=	96.12

Tata 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (332567.1	+	0)	/	1 )	/	224465.1	*	365 / 4
=	332567.1					/	224465.1	*	365 / 4
=	135.20

Tata Steel Days Payable Related Terms

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Tata Steel (NSE:TATASTEEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tata Steel Ltd (NSE:TATASTEEL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

500470:India TTSTl:UK TTST:UK HWHG:Germany

Address

24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, IND, 400 001

Website

https://www.tatasteel.com

Tata Steel Ltd is an India-based company that is engaged in the production and marketing of various steel products. Its products are basically classified into flat products and construction products. Flat products include hot-rolled steel, cold-rolled steel, metallic-coated steel, direct-coated steel, tubes, packaging steel, electro-plated steel, and narrow strip. Its segments include Tata Steel India, Tata Steel Long Products, Other Indian operations, Tata Steel Europe, Other trade related operations, South-East Asian operations, and the Rest of the world.

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