Investment & Precision Castings (BOM:504786) Days Payable : 68.79 (As of Mar. 2024)

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What is Investment & Precision Castings Days Payable?

Investment & Precision Castings's average Accounts Payable for the three months ended in Mar. 2024 was ₹219 Mil. Investment & Precision Castings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹291 Mil. Hence, Investment & Precision Castings's Days Payable for the three months ended in Mar. 2024 was 68.79.

The historical rank and industry rank for Investment & Precision Castings's Days Payable or its related term are showing as below:

BOM:504786' s Days Payable Range Over the Past 10 Years
Min: 56.72 Med: 79.54 Max: 101.34
Current: 101.34

During the past 13 years, Investment & Precision Castings's highest Days Payable was 101.34. The lowest was 56.72. And the median was 79.54.

BOM:504786's Days Payable is ranked better than
85.3% of 585 companies
in the Steel industry
Industry Median: 41.52 vs BOM:504786: 101.34

Investment & Precision Castings's Days Payable declined from Mar. 2023 (113.38) to Mar. 2024 (68.79). It may suggest that Investment & Precision Castings accelerated paying its suppliers.

Investment & Precision Castings Days Payable Historical Data

The historical data trend for Investment & Precision Castings'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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Investment & Precision Castings Days Payable Chart

Investment & Precision Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

94.43

95.93

92.83

95.38

89.49

Investment & Precision Castings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															113.38	108.13	146.87	99.76	68.79

Competitive Comparison of Investment & Precision Castings's Days Payable

For the Steel subindustry, Investment & Precision Castings'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.

Investment & Precision Castings's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Investment & Precision Castings's Days Payable falls into.

Investment & Precision Castings 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.

Investment & Precision Castings'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
=	( (382.801	+	219.253)	/	2 )	/	1227.743	*	365
=	301.027					/	1227.743	*	365
=	89.49

Investment & Precision Castings's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	219.253)	/	1 )	/	290.85	*	365 / 4
=	219.253					/	290.85	*	365 / 4
=	68.79

Investment & Precision Castings Days Payable Related Terms

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Investment & Precision Castings (BOM:504786) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Investment & Precision Castings Ltd (BOM:504786) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nari Road, Bhavnagar, GJ, IND, 364006

Website

https://www.ipcl.in

Investment & Precision Castings Ltd is engaged in the steel casting business. The company's products portfolio includes two-three-four-wheeler, bus tractor parts; aircraft parts; turbochargers for diesel engines; power plants, pumps and valves, medical implants; electrical and instrumentation; general engineering; electronics; electronics; compressors; artisan castings; and machined components from bar stock. The company also provides its products and services to ancillaries and the wind power generation industry. It operates in two segments Investment Castings and Wind Mill. The majority of the firm's revenue comes from the Investment Castings segment.

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