Indian Metals & Ferro Alloys (BOM:533047) Days Payable : 58.44 (As of Mar. 2024)

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What is Indian Metals & Ferro Alloys Days Payable?

Indian Metals & Ferro Alloys's average Accounts Payable for the three months ended in Mar. 2024 was ₹2,370 Mil. Indian Metals & Ferro Alloys's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,700 Mil. Hence, Indian Metals & Ferro Alloys's Days Payable for the three months ended in Mar. 2024 was 58.44.

The historical rank and industry rank for Indian Metals & Ferro Alloys's Days Payable or its related term are showing as below:

BOM:533047' s Days Payable Range Over the Past 10 Years
Min: 44.51 Med: 65.48 Max: 100.31
Current: 50.25

During the past 13 years, Indian Metals & Ferro Alloys's highest Days Payable was 100.31. The lowest was 44.51. And the median was 65.48.

BOM:533047's Days Payable is ranked better than
56.48% of 586 companies
in the Steel industry
Industry Median: 41.43 vs BOM:533047: 50.25

Indian Metals & Ferro Alloys's Days Payable increased from Mar. 2023 (58.03) to Mar. 2024 (58.44). It may suggest that Indian Metals & Ferro Alloys delayed paying its suppliers.

Indian Metals & Ferro Alloys Days Payable Historical Data

The historical data trend for Indian Metals & Ferro Alloys'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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Indian Metals & Ferro Alloys Days Payable Chart

Indian Metals & Ferro Alloys Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

83.46

66.91

52.30

44.51

55.53

Indian Metals & Ferro Alloys 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															58.03	52.13	39.35	40.35	58.44

Competitive Comparison of Indian Metals & Ferro Alloys's Days Payable

For the Steel subindustry, Indian Metals & Ferro Alloys'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.

Indian Metals & Ferro Alloys's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Indian Metals & Ferro Alloys's Days Payable distribution charts can be found below:

* The bar in red indicates where Indian Metals & Ferro Alloys's Days Payable falls into.

Indian Metals & Ferro Alloys 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.

Indian Metals & Ferro Alloys'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
=	( (2088.7	+	2369.8)	/	2 )	/	14654.1	*	365
=	2229.25					/	14654.1	*	365
=	55.53

Indian Metals & Ferro Alloys'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	+	2369.8)	/	1 )	/	3700.1	*	365 / 4
=	2369.8					/	3700.1	*	365 / 4
=	58.44

Indian Metals & Ferro Alloys Days Payable Related Terms

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Indian Metals & Ferro Alloys (BOM:533047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Indian Metals & Ferro Alloys Ltd (BOM:533047) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IMFA:India

Address

IMFA Building, Bomikhal, P.O. Rasulgarh, Bhubaneswar, OR, IND, 751010

Website

https://www.imfa.in

Indian Metals & Ferro Alloys Ltd operates in the ferroalloys business. Its business activity primarily functions through Ferro Alloys, Power, Mining, and Other segments. The company generates maximum revenue from Ferro Alloys segment. Its Ferro Alloys segment focuses on ferro chrome, which imparts the non-corrosive property to stainless steel. Geographically, it derives a majority of revenue from Outside India.

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