Gallantt Ispat (BOM:532726) Days Payable : 6.05 (As of Mar. 2024)

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What is Gallantt Ispat Days Payable?

Gallantt Ispat's average Accounts Payable for the three months ended in Mar. 2024 was ₹575 Mil. Gallantt Ispat's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹8,672 Mil. Hence, Gallantt Ispat's Days Payable for the three months ended in Mar. 2024 was 6.05.

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

BOM:532726' s Days Payable Range Over the Past 10 Years
Min: 2.71 Med: 12.42 Max: 28.33
Current: 6.66

During the past 13 years, Gallantt Ispat's highest Days Payable was 28.33. The lowest was 2.71. And the median was 12.42.

BOM:532726's Days Payable is ranked worse than
94.22% of 588 companies
in the Steel industry
Industry Median: 41.41 vs BOM:532726: 6.66

Gallantt Ispat's Days Payable declined from Mar. 2023 (6.81) to Mar. 2024 (6.05). It may suggest that Gallantt Ispat accelerated paying its suppliers.

Gallantt Ispat Days Payable Historical Data

The historical data trend for Gallantt 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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Gallantt Ispat Days Payable Chart

Gallantt Ispat Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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13.68

12.49

17.10

12.18

6.66

Gallantt Ispat 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															6.81	6.74	-	-	6.05

Competitive Comparison of Gallantt Ispat's Days Payable

For the Steel subindustry, Gallantt 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.

Gallantt Ispat's Days Payable Distribution in the Steel Industry

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

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

Gallantt 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.

Gallantt Ispat'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
=	( (642.993	+	574.949)	/	2 )	/	33380.259	*	365
=	608.971					/	33380.259	*	365
=	6.66

Gallantt Ispat'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	+	574.949)	/	1 )	/	8672.116	*	365 / 4
=	574.949					/	8672.116	*	365 / 4
=	6.05

Gallantt Ispat Days Payable Related Terms

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Gallantt Ispat (BOM:532726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Gallantt Ispat Ltd (BOM:532726) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GALLANTT:India

Address

Bank Road, Gallantt Landmark, AD Tower Compound, Gorakhpur, UP, IND, 273001

Website

https://www.gallantt.com

Gallantt Ispat Ltd is engaged in the manufacturing of Steel and Steel Products. The company's operating segment includes Real Estate, Steel, and Power. It generates maximum revenue from the Steel segment. The company's product includes Sponge Iron; MS Billet; Re-rolled products (TMT Bars) and Wheat Products.

Gallantt Ispat (BOM:532726) Headlines

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