Manaksia Steels (BOM:539044) Days Payable : 7.05 (As of Mar. 2024)

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What is Manaksia Steels Days Payable?

Manaksia Steels's average Accounts Payable for the three months ended in Mar. 2024 was ₹104 Mil. Manaksia Steels's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,351 Mil. Hence, Manaksia Steels's Days Payable for the three months ended in Mar. 2024 was 7.05.

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

BOM:539044' s Days Payable Range Over the Past 10 Years
Min: 8.2 Med: 40.03 Max: 107.51
Current: 8.32

During the past 11 years, Manaksia Steels's highest Days Payable was 107.51. The lowest was 8.20. And the median was 40.03.

BOM:539044's Days Payable is ranked worse than
92.14% of 585 companies
in the Steel industry
Industry Median: 41.52 vs BOM:539044: 8.32

Manaksia Steels's Days Payable increased from Mar. 2023 (6.84) to Mar. 2024 (7.05). It may suggest that Manaksia Steels delayed paying its suppliers.

Manaksia Steels Days Payable Historical Data

The historical data trend for Manaksia 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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Manaksia Steels Days Payable Chart

Manaksia Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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107.51

65.38

9.00

8.20

8.32

Manaksia 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															6.84	7.51	8.55	11.06	7.05

Competitive Comparison of Manaksia Steels's Days Payable

For the Steel subindustry, Manaksia 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.

Manaksia Steels's Days Payable Distribution in the Steel Industry

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

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

Manaksia 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.

Manaksia 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
=	( (151.154	+	104.371)	/	2 )	/	5603.371	*	365
=	127.7625					/	5603.371	*	365
=	8.32

Manaksia 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	+	104.371)	/	1 )	/	1350.815	*	365 / 4
=	104.371					/	1350.815	*	365 / 4
=	7.05

Manaksia Steels Days Payable Related Terms

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Manaksia Steels (BOM:539044) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Manaksia Steels Ltd (BOM:539044) » Definitions » Days Payable

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MANAKSTEEL:India

Address

6 Lyons Range, 1st Floor, Turner Morrison Building, Kolkata, WB, IND, 700001

Website

https://www.manaksiasteels.com

Manaksia Steels Ltd is a manufacturer of value-added secondary steel products and is poised to cater to the increasing demands overseas and in India for the housing and infrastructure sectors. The company manufactures and sells steel products comprising Cold Rolled Steel Sheets and Coils, Galvanized Steel Sheets and Coil, Color Coated Steel sheets and coils, and others. Geographically, it derives a majority of revenue from India.

Manaksia Steels (BOM:539044) Headlines

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