Bihar Sponge Iron (BOM:500058) Days Payable : 119.98 (As of Sep. 2024)

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What is Bihar Sponge Iron Days Payable?

Bihar Sponge Iron's average Accounts Payable for the three months ended in Sep. 2024 was ₹763 Mil. Bihar Sponge Iron's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹580 Mil. Hence, Bihar Sponge Iron's Days Payable for the three months ended in Sep. 2024 was 119.98.

The historical rank and industry rank for Bihar Sponge Iron's Days Payable or its related term are showing as below:

BOM:500058' s Days Payable Range Over the Past 10 Years
Min: 70.25 Med: 313.93 Max: 2460478.52
Current: 105.81

During the past 13 years, Bihar Sponge Iron's highest Days Payable was 2460478.52. The lowest was 70.25. And the median was 313.93.

BOM:500058's Days Payable is ranked better than
86.24% of 603 companies
in the Steel industry
Industry Median: 40.36 vs BOM:500058: 105.81

Bihar Sponge Iron's Days Payable increased from Sep. 2023 (100.07) to Sep. 2024 (119.98). It may suggest that Bihar Sponge Iron delayed paying its suppliers.

Bihar Sponge Iron Days Payable Historical Data

The historical data trend for Bihar Sponge Iron'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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Bihar Sponge Iron Days Payable Chart

Bihar Sponge Iron Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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313.93

263.70

70.25

125.90

Bihar Sponge Iron Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															100.07	104.94	137.98	91.24	119.98

Competitive Comparison of Bihar Sponge Iron's Days Payable

For the Steel subindustry, Bihar Sponge Iron'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.

Bihar Sponge Iron's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Bihar Sponge Iron's Days Payable falls into.

Bihar Sponge Iron 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.

Bihar Sponge Iron's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (711.024	+	1001.023)	/	2 )	/	2481.719	*	365
=	856.0235					/	2481.719	*	365
=	125.90

Bihar Sponge Iron's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	763)	/	1 )	/	580.3	*	365 / 4
=	763					/	580.3	*	365 / 4
=	119.98

Bihar Sponge Iron Days Payable Related Terms

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Bihar Sponge Iron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bihar Sponge Iron Ltd (BOM:500058) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Umesh Nagar, Chandil, District Saraikela, Kharsawan, JH, IND, 832401

Website

https://www.bsil.org.in

Bihar Sponge Iron Ltd is engaged in manufacturing and selling of sponge iron. It is involved in manufacturing, producing, purchasing, exporting, selling and dealing with the pre-reduced form of iron, including sponge iron. It produces sponge iron from coal and iron ore. The company's primary product, sponge iron, is a pre-reduced ferrous material, which is used in the place of steel scrap by secondary steel producers operating induction and electric arc furnaces in the construction and infrastructure sectors.

Bihar Sponge Iron Headlines

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