Primuss Pipes & Tubes (BOM:513291) Days Payable: 57.45 (As of Dec. 2019)

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BOM:513291 Primuss Pipes & Tubes Ltd BOM:513291
4 GF Score
Price ₹2.68
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What is Primuss Pipes & Tubes Days Payable?

Primuss Pipes & Tubes BOM:513291 4 Days Payable is 57.45 as of Dec. 2019. GuruFocus rates BOM:513291 with a GF Score™ of 4/100.

Primuss Pipes & Tubes's average Accounts Payable for the three months ended in Dec. 2019 was ₹84.4 Mil. Primuss Pipes & Tubes's Cost of Goods Sold for the three months ended in Dec. 2019 was ₹134.0 Mil. Hence, Primuss Pipes & Tubes's Days Payable for the three months ended in Dec. 2019 was 57.45.

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

BOM:513291's Days Payable is not ranked *
in the Steel industry.
Industry Median: 41.37
* Ranked among companies with meaningful Days Payable only.

Primuss Pipes & Tubes's Days Payable increased from Dec. 2018 (13.82) to Dec. 2019 (57.45). It may suggest that Primuss Pipes & Tubes delayed paying its suppliers.

Primuss Pipes & Tubes Days Payable Historical Data

* Premium members only.

The historical data trend for Primuss Pipes & 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.

Primuss Pipes & Tubes Days Payable Chart

Primuss Pipes & Tubes Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.79 22.07 36.28 16.65 21.86

Primuss Pipes & Tubes Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.82 34.48 73.12 251.23 57.45

BOM:513291 vs NUE: Days Payable Comparison

For the Steel subindustry, Primuss Pipes & 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.

Primuss Pipes & Tubes Days Payable vs Steel Industry

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

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


BOM:513291
4GF Score
Primuss Pipes & Tubes Ltd BOM:513291
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Primuss Pipes & 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.

Primuss Pipes & Tubes's Days Payable for the fiscal year that ended in Mar. 2019 is calculated as

Days Payable (A: Mar. 2019 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2018 ) + Accounts Payable (A: Mar. 2019 )) / count ) / Cost of Goods Sold (A: Mar. 2019 )*Days in Period
=( (57.412 + 94.744) / 2 ) / 1270.09*365
=76.078 / 1270.09*365
=21.86

Primuss Pipes & Tubes's Days Payable for the quarter that ended in Dec. 2019 is calculated as:

Days Payable (Q: Dec. 2019 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2019 ) + Accounts Payable (Q: Dec. 2019 )) / count ) / Cost of Goods Sold (Q: Dec. 2019 )*Days in Period
=( (84.375 + 0) / 1 ) / 134.007*365 / 4
=84.375 / 134.007*365 / 4
=57.45

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 57.45 mean?
Primuss Pipes & Tubes (BOM:513291) has a Days Payable of 57.45 as of Dec. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Primuss Pipes & Tubes and its competitors.
Is Primuss Pipes & Tubes' Days Payable too high?
Primuss Pipes & Tubes' current Days Payable is 57.45. The Steel industry median Days Payable is 41.37. Primuss Pipes & Tubes' value of 57.45 is 38.9% above this industry median. Overall, Primuss Pipes & Tubes has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Primuss Pipes & Tubes' Days Payable compare to NUE?
Primuss Pipes & Tubes' Days Payable of 57.45 can be compared against companies in the Steel industry. The industry median Days Payable is 41.37. Primuss Pipes & Tubes' value of 57.45 is 38.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Steel company?
The median Days Payable among Steel companies is 41.37, based on 598 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primuss Pipes & Tubes's current Days Payable of 57.45 is 38.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Primuss Pipes & Tubes and its competitors. For the Steel industry, the median Days Payable is 41.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primuss Pipes & Tubes's current Days Payable is 57.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primuss Pipes & Tubes stock overvalued right now?
Primuss Pipes & Tubes (BOM:513291) has a current Days Payable of 57.45. The current Days Payable is 57.45 and 38.9% above the Steel industry median of 41.37. Primuss Pipes & Tubes' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Primuss Pipes & Tubes (BOM:513291), the current Days Payable is 57.45 as of Dec. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Primuss Pipes & Tubes Business Description

Address Arya Nagar, 8/225-A, 2nd Floor, Kanpur, UP, IND, 208 002
Primuss Pipes & Tubes Ltd is engaged in manufacturing iron and steel products including black steel tubes, G.I. steel tubes, steel tubular poles, and PVC pipes. The steel pipes and tubes are used for water pipelines, sewerage system, agriculture and irrigation, industrial water lines and plant piping, whereas the tubular poles are available in a wide range of sizes and can be galvanized, painted, or powder coated and it is used for street light poles, sports, and stadium lighting, highway light poles - single hang and others.
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₹2.68
Price