Ashiana Ispat (BOM:513401) Days Payable : 55.44 (As of Dec. 2023)

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What is Ashiana Ispat Days Payable?

Ashiana Ispat's average Accounts Payable for the three months ended in Dec. 2023 was ₹397 Mil. Ashiana Ispat's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹653 Mil. Hence, Ashiana Ispat's Days Payable for the three months ended in Dec. 2023 was 55.44.

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

BOM:513401' s Days Payable Range Over the Past 10 Years
Min: 12.15 Med: 28.89 Max: 47.73
Current: 36.79

During the past 13 years, Ashiana Ispat's highest Days Payable was 47.73. The lowest was 12.15. And the median was 28.89.

BOM:513401's Days Payable is ranked worse than
53.4% of 588 companies
in the Steel industry
Industry Median: 41.195 vs BOM:513401: 36.79

Ashiana Ispat's Days Payable increased from Dec. 2022 (54.14) to Dec. 2023 (55.44). It may suggest that Ashiana Ispat delayed paying its suppliers.

Ashiana Ispat Days Payable Historical Data

The historical data trend for Ashiana Ispat'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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Ashiana Ispat Days Payable Chart

Ashiana Ispat Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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18.99

32.29

32.33

25.02

27.01

Ashiana Ispat 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															54.14	20.26	63.35	42.77	55.44

Competitive Comparison of Ashiana Ispat's Days Payable

For the Steel subindustry, Ashiana Ispat'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.

Ashiana Ispat's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Ashiana Ispat's Days Payable falls into.

Ashiana Ispat 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.

Ashiana Ispat'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
=	( (305.07	+	347.685)	/	2 )	/	4411.267	*	365
=	326.3775					/	4411.267	*	365
=	27.01

Ashiana Ispat'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
=	( (396.615	+	0)	/	1 )	/	652.856	*	365 / 4
=	396.615					/	652.856	*	365 / 4
=	55.44

Ashiana Ispat Days Payable Related Terms

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Ashiana Ispat (BOM:513401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashiana Ispat Ltd (BOM:513401) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

908 - 910, Pearl Best Height - II, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034

Website

http://www.ashianaispat.in

Ashiana Ispat Ltd is a steel company. It is engaged in the manufacturing of value-added steel for domestic construction, engineering, automotive, and infrastructure sectors. It manufactures thermo-mechanically treated bars (TMT) and cold twisted deformed bars (CTD).

Ashiana Ispat (BOM:513401) Headlines

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