Shree Steelwire Ropes (BOM:513488) Days Payable : 73.95 (As of Sep. 2024)

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What is Shree Steelwire Ropes Days Payable?

Shree Steelwire Ropes's average Accounts Payable for the three months ended in Sep. 2024 was ₹15.7 Mil. Shree Steelwire Ropes's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹19.3 Mil. Hence, Shree Steelwire Ropes's Days Payable for the three months ended in Sep. 2024 was 73.95.

The historical rank and industry rank for Shree Steelwire Ropes's Days Payable or its related term are showing as below:

BOM:513488' s Days Payable Range Over the Past 10 Years
Min: 35.61 Med: 65.11 Max: 84.13
Current: 48.36

During the past 13 years, Shree Steelwire Ropes's highest Days Payable was 84.13. The lowest was 35.61. And the median was 65.11.

BOM:513488's Days Payable is ranked better than
57.71% of 603 companies
in the Steel industry
Industry Median: 40.36 vs BOM:513488: 48.36

Shree Steelwire Ropes's Days Payable increased from Sep. 2023 (36.12) to Sep. 2024 (73.95). It may suggest that Shree Steelwire Ropes delayed paying its suppliers.

Shree Steelwire Ropes Days Payable Historical Data

The historical data trend for Shree Steelwire Ropes'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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Shree Steelwire Ropes Days Payable Chart

Shree Steelwire Ropes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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51.03

63.47

51.79

35.61

40.01

Shree Steelwire Ropes 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															36.12	49.35	25.70	36.48	73.95

Competitive Comparison of Shree Steelwire Ropes's Days Payable

For the Steel subindustry, Shree Steelwire Ropes'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.

Shree Steelwire Ropes's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Shree Steelwire Ropes's Days Payable falls into.

Shree Steelwire Ropes 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.

Shree Steelwire Ropes'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
=	( (7.844	+	6.936)	/	2 )	/	67.423	*	365
=	7.39					/	67.423	*	365
=	40.01

Shree Steelwire Ropes'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	+	15.655)	/	1 )	/	19.317	*	365 / 4
=	15.655					/	19.317	*	365 / 4
=	73.95

Shree Steelwire Ropes Days Payable Related Terms

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Shree Steelwire Ropes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shree Steelwire Ropes Ltd (BOM:513488) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 10, 19th Road, 503, 504, 505, 5th Floor, Shiv Ashish Commercial Complex, Chembur, Mumbai, MH, IND, 400 071

Website

https://www.sswrl.com

Shree Steelwire Ropes Ltd is an Indian company engaged in manufacturing and supplying steel Wire Rope, Wire Rope Allied Products, and Railway OHE products. It is used in general Engineering, Shipping, Fishing, Mining, Oil Well Exploration, Construction, Aerial Applications, Deep Sea Exploration, and other industries. It operates in one single primary business segment which is Steel Wire Ropes Manufacturing.

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