Essar Shipping (BOM:533704) Days Payable : 276.65 (As of Mar. 2024)

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What is Essar Shipping Days Payable?

Essar Shipping's average Accounts Payable for the three months ended in Mar. 2024 was ₹257.7 Mil. Essar Shipping's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹85.0 Mil. Hence, Essar Shipping's Days Payable for the three months ended in Mar. 2024 was 276.65.

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

BOM:533704' s Days Payable Range Over the Past 10 Years
Min: 90.1 Med: 184.91 Max: 560.83
Current: 205.57

During the past 13 years, Essar Shipping's highest Days Payable was 560.83. The lowest was 90.10. And the median was 184.91.

BOM:533704's Days Payable is ranked better than
92.7% of 931 companies
in the Transportation industry
Industry Median: 39.08 vs BOM:533704: 205.57

Essar Shipping's Days Payable declined from Mar. 2023 (1,513.26) to Mar. 2024 (276.65). It may suggest that Essar Shipping accelerated paying its suppliers.

Essar Shipping Days Payable Historical Data

The historical data trend for Essar Shipping'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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Essar Shipping Days Payable Chart

Essar Shipping Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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90.10

175.82

194.00

560.83

228.38

Essar Shipping 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															1,513.26	308.85	124.80	136.05	276.65

Competitive Comparison of Essar Shipping's Days Payable

For the Marine Shipping subindustry, Essar Shipping'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.

Essar Shipping's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Essar Shipping's Days Payable distribution charts can be found below:

* The bar in red indicates where Essar Shipping's Days Payable falls into.

Essar Shipping 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.

Essar Shipping'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
=	( (446.1	+	257.7)	/	2 )	/	562.4	*	365
=	351.9					/	562.4	*	365
=	228.38

Essar Shipping'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	+	257.7)	/	1 )	/	85	*	365 / 4
=	257.7					/	85	*	365 / 4
=	276.65

Essar Shipping Days Payable Related Terms

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Essar Shipping (BOM:533704) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Essar Shipping Ltd (BOM:533704) » Definitions » Days Payable

Traded in Other Exchanges

ESSARSHPNG:India

Address

11, K.K. Marg, Essar House, Mahalaxmi, Mumbai, MH, IND, 400 034

Website

https://www.essar.com

Essar Shipping Ltd is engaged in fleet operating and chartering and operates in international and coastal voyages. The company is diversified across various sectors of Energy, Infrastructure (comprising Ports and EPC businesses), Metals and Mining, and Services (Shipping, IT and Retail businesses). It also provides oilfield drilling services. The oilfields services business provides contract drilling services to oil and gas companies across the globe. The company generates maximum revenue from fleet operating and chartering segment.

Essar Shipping (BOM:533704) Headlines

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