Newever Trade Wings (BOM:536644) Days Payable: 461.64 (As of Sep. 2017)

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What is Newever Trade Wings Days Payable?

Newever Trade Wings BOM:536644 Days Payable is 461.64 as of Sep. 2017.

Newever Trade Wings's average Accounts Payable for the six months ended in Sep. 2017 was ₹733.3 Mil. Newever Trade Wings's Cost of Goods Sold for the six months ended in Sep. 2017 was ₹289.9 Mil. Hence, Newever Trade Wings's Days Payable for the six months ended in Sep. 2017 was 461.64.

The historical rank and industry rank for Newever Trade Wings's Days Payable or its related term are showing as below:

BOM:536644's Days Payable is not ranked *
in the Steel industry.
Industry Median: 41.385
* Ranked among companies with meaningful Days Payable only.

Newever Trade Wings's Days Payable increased from Sep. 2016 (403.66) to Sep. 2017 (461.64). It may suggest that Newever Trade Wings delayed paying its suppliers.

Newever Trade Wings Days Payable Historical Data

* Premium members only.

The historical data trend for Newever Trade Wings'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.

Newever Trade Wings Days Payable Chart

Newever Trade Wings Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17
Days Payable
379.41 203.31 333.11 300.99 398.33

Newever Trade Wings Semi-Annual Data
Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only 204.68 373.32 403.66 464.11 461.64

BOM:536644 vs ADMG: Days Payable Comparison

For the Steel subindustry, Newever Trade Wings'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.

Newever Trade Wings Days Payable vs Steel Industry

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

* The bar in red indicates where Newever Trade Wings's Days Payable falls into.


Newever Trade Wings 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.

Newever Trade Wings's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

Days Payable (A: Mar. 2017 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2016 ) + Accounts Payable (A: Mar. 2017 )) / count ) / Cost of Goods Sold (A: Mar. 2017 )*Days in Period
=( (649.534 + 900.809) / 2 ) / 710.318*365
=775.1715 / 710.318*365
=398.33

Newever Trade Wings's Days Payable for the quarter that ended in Sep. 2017 is calculated as:

Days Payable (Q: Sep. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2017 ) + Accounts Payable (Q: Sep. 2017 )) / count ) / Cost of Goods Sold (Q: Sep. 2017 )*Days in Period
=( (900.809 + 565.889) / 2 ) / 289.914*365 / 2
=733.349 / 289.914*365 / 2
=461.64

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 461.64 mean?
Newever Trade Wings (BOM:536644) has a Days Payable of 461.64 as of Sep. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Newever Trade Wings and its competitors.
Is Newever Trade Wings' Days Payable too high?
Newever Trade Wings' current Days Payable is 461.64. The Steel industry median Days Payable is 41.39. Newever Trade Wings' value of 461.64 is 1015.5% above this industry median.
How does Newever Trade Wings' Days Payable compare to ADMG?
Newever Trade Wings' Days Payable of 461.64 can be compared against companies in the Steel industry. The industry median Days Payable is 41.39. Newever Trade Wings' value of 461.64 is 1015.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Steel company?
The median Days Payable among Steel companies is 41.39, based on 598 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Newever Trade Wings's current Days Payable of 461.64 is 1015.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Newever Trade Wings and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newever Trade Wings's current Days Payable is 461.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newever Trade Wings stock overvalued right now?
Newever Trade Wings (BOM:536644) has a current Days Payable of 461.64. The current Days Payable is 461.64 and 1015.5% above the Steel industry median of 41.39. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Newever Trade Wings (BOM:536644), the current Days Payable is 461.64 as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newever Trade Wings Business Description

Address 238B, A.J.C. Bose Road, Unit 4B, 4th Floor, Kolkata, WB, IND, 700020
Newever Trade Wings Ltd is an Indian company which is engaged in the business of trading in iron and steel and other related commodities. The company is involved in Wholesale Trade in Metal Channel, Joist, M.S. (Mild Steel) Angle, MS Sheet, TMT (thermomechanical treatment) Bar and other.