Kanishk Steel Industries (BOM:513456) Days Payable : 16.30 (As of Dec. 2023)

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What is Kanishk Steel Industries Days Payable?

Kanishk Steel Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹138 Mil. Kanishk Steel Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹771 Mil. Hence, Kanishk Steel Industries's Days Payable for the three months ended in Dec. 2023 was 16.30.

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

BOM:513456' s Days Payable Range Over the Past 10 Years
Min: 14.56 Med: 63.7 Max: 96.28
Current: 14.56

During the past 13 years, Kanishk Steel Industries's highest Days Payable was 96.28. The lowest was 14.56. And the median was 63.70.

BOM:513456's Days Payable is ranked worse than
85.71% of 588 companies
in the Steel industry
Industry Median: 41.41 vs BOM:513456: 14.56

Kanishk Steel Industries's Days Payable declined from Dec. 2022 (20.17) to Dec. 2023 (16.30). It may suggest that Kanishk Steel Industries accelerated paying its suppliers.

Kanishk Steel Industries Days Payable Historical Data

The historical data trend for Kanishk Steel Industries'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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Kanishk Steel Industries Days Payable Chart

Kanishk Steel Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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54.60

51.05

37.39

24.51

16.28

Kanishk Steel Industries 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															20.17	9.35	13.14	16.01	16.30

Competitive Comparison of Kanishk Steel Industries's Days Payable

For the Steel subindustry, Kanishk Steel Industries'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.

Kanishk Steel Industries's Days Payable Distribution in the Steel Industry

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

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

Kanishk Steel Industries 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.

Kanishk Steel Industries'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
=	( (200.327	+	140.557)	/	2 )	/	3820.975	*	365
=	170.442					/	3820.975	*	365
=	16.28

Kanishk Steel Industries'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
=	( (137.825	+	0)	/	1 )	/	771.441	*	365 / 4
=	137.825					/	771.441	*	365 / 4
=	16.30

Kanishk Steel Industries Days Payable Related Terms

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Kanishk Steel Industries (BOM:513456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kanishk Steel Industries Ltd (BOM:513456) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Plot No. B-27 (M), SIPCOT Industrial Complex, Thiruvallur District, Gummidipoondi, TN, IND, 601 201

Website

https://www.kanishksteels.in

Kanishk Steel Industries Ltd is engaged in the business of steel manufacturing. It manufactures steel products both constructional steel and structural steel. Its products include Thermo Mechanically Treated (TMT) Bars and Structural Steels.

Kanishk Steel Industries (BOM:513456) Headlines

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