Hilton Metal Forging (BOM:532847) Days Payable : 67.05 (As of Mar. 2024)

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What is Hilton Metal Forging Days Payable?

Hilton Metal Forging's average Accounts Payable for the three months ended in Mar. 2024 was ₹212 Mil. Hilton Metal Forging's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹288 Mil. Hence, Hilton Metal Forging's Days Payable for the three months ended in Mar. 2024 was 67.05.

The historical rank and industry rank for Hilton Metal Forging's Days Payable or its related term are showing as below:

BOM:532847' s Days Payable Range Over the Past 10 Years
Min: 12.54 Med: 106.21 Max: 142.42
Current: 86.51

During the past 13 years, Hilton Metal Forging's highest Days Payable was 142.42. The lowest was 12.54. And the median was 106.21.

BOM:532847's Days Payable is ranked better than
55.97% of 2925 companies
in the Industrial Products industry
Industry Median: 76.67 vs BOM:532847: 86.51

Hilton Metal Forging's Days Payable declined from Mar. 2023 (83.13) to Mar. 2024 (67.05). It may suggest that Hilton Metal Forging accelerated paying its suppliers.

Hilton Metal Forging Days Payable Historical Data

The historical data trend for Hilton Metal Forging'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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Hilton Metal Forging Days Payable Chart

Hilton Metal Forging Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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96.43

87.30

12.54

53.19

69.40

Hilton Metal Forging 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															83.13	91.74	98.28	81.35	67.05

Competitive Comparison of Hilton Metal Forging's Days Payable

For the Metal Fabrication subindustry, Hilton Metal Forging'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.

Hilton Metal Forging's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hilton Metal Forging's Days Payable distribution charts can be found below:

* The bar in red indicates where Hilton Metal Forging's Days Payable falls into.

Hilton Metal Forging 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.

Hilton Metal Forging'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
=	( (210.263	+	211.941)	/	2 )	/	1110.311	*	365
=	211.102					/	1110.311	*	365
=	69.40

Hilton Metal Forging'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	+	211.941)	/	1 )	/	288.445	*	365 / 4
=	211.941					/	288.445	*	365 / 4
=	67.05

Hilton Metal Forging Days Payable Related Terms

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Hilton Metal Forging (BOM:532847) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hilton Metal Forging Ltd (BOM:532847) » Definitions » Days Payable

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Traded in Other Exchanges

HILTON:India

Address

Akurli Road, Near - Growel 101 Mall, 204, Tanishka Commercial Building, Kandivali - East, Mumbai, MH, IND, 400101

Website

https://www.hiltonmetal.com

Hilton Metal Forging Ltd is engaged in the business of manufacturing iron and steel forging. The company serves Oil and gas industry, Petrochemicals, and refineries industry. The company's products portfolio includes Flanges and forged fittings, Engineered parts, Stainless steel flanges, High-pressure flanges, Crankshaft, Body bonnets, Hydraulic fittings, Forged components, Christmas tree components, Topdeck cover, Stub ends, Threaded flanges, Blind flanges, Weld neck flanges, and socket welded flanges.

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