Vardhman Special Steels (BOM:534392) Days Payable : 126.59 (As of Mar. 2024)

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What is Vardhman Special Steels Days Payable?

Vardhman Special Steels's average Accounts Payable for the three months ended in Mar. 2024 was ₹1,745 Mil. Vardhman Special Steels's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,258 Mil. Hence, Vardhman Special Steels's Days Payable for the three months ended in Mar. 2024 was 126.59.

The historical rank and industry rank for Vardhman Special Steels's Days Payable or its related term are showing as below:

BOM:534392' s Days Payable Range Over the Past 10 Years
Min: 25.7 Med: 46.74 Max: 66.8
Current: 66.8

During the past 13 years, Vardhman Special Steels's highest Days Payable was 66.80. The lowest was 25.70. And the median was 46.74.

BOM:534392's Days Payable is ranked better than
67.47% of 584 companies
in the Steel industry
Industry Median: 41.56 vs BOM:534392: 66.80

Vardhman Special Steels's Days Payable increased from Mar. 2023 (119.50) to Mar. 2024 (126.59). It may suggest that Vardhman Special Steels delayed paying its suppliers.

Vardhman Special Steels Days Payable Historical Data

The historical data trend for Vardhman Special Steels'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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Vardhman Special Steels Days Payable Chart

Vardhman Special Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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59.20

50.16

49.54

54.80

64.95

Vardhman Special Steels 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															119.50	56.46	58.62	63.24	126.59

Competitive Comparison of Vardhman Special Steels's Days Payable

For the Steel subindustry, Vardhman Special Steels'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.

Vardhman Special Steels's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Vardhman Special Steels's Days Payable falls into.

Vardhman Special Steels 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.

Vardhman Special Steels'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
=	( (1855.615	+	1744.889)	/	2 )	/	10116.274	*	365
=	1800.252					/	10116.274	*	365
=	64.95

Vardhman Special Steels'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	+	1744.889)	/	1 )	/	1257.731	*	365 / 4
=	1744.889					/	1257.731	*	365 / 4
=	126.59

Vardhman Special Steels Days Payable Related Terms

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Vardhman Special Steels (BOM:534392) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vardhman Special Steels Ltd (BOM:534392) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VSSL:India

Address

Chandigarh Road, Vardhman Premises, Ludhiana, PB, IND, 141 010

Website

https://www.vardhmansteel.com

Vardhman Special Steels Ltd is engaged in manufacturing steel bars and rods. The company caters to diverse requirements of hot-rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries. Its products include Carbon steel, Carbon manganese steel, Chrome steel, Chrome manganese steel, Chrome moly steel, Boron steel, Vanadium steel, and Ball bearing steel. The company manufactures products using techniques such as Steel melting, Rolling Mill, Heat treatment and Bright bar shop. It generates a majority of its revenue from the sale of black bars. The company's operations are mainly located within India.

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