Sarthak Metals (BOM:540393) Days Payable : 2.31 (As of Sep. 2024)

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What is Sarthak Metals Days Payable?

Sarthak Metals's average Accounts Payable for the three months ended in Sep. 2024 was ₹10 Mil. Sarthak Metals's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹390 Mil. Hence, Sarthak Metals's Days Payable for the three months ended in Sep. 2024 was 2.31.

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

BOM:540393' s Days Payable Range Over the Past 10 Years
Min: 0.45 Med: 4.5 Max: 7.77
Current: 0.83

During the past 13 years, Sarthak Metals's highest Days Payable was 7.77. The lowest was 0.45. And the median was 4.50.

BOM:540393's Days Payable is ranked worse than
99.86% of 2930 companies
in the Industrial Products industry
Industry Median: 75.76 vs BOM:540393: 0.83

Sarthak Metals's Days Payable increased from Sep. 2023 (0.14) to Sep. 2024 (2.31). It may suggest that Sarthak Metals delayed paying its suppliers.

Sarthak Metals Days Payable Historical Data

The historical data trend for Sarthak Metals'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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Sarthak Metals Days Payable Chart

Sarthak Metals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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7.77

4.76

5.06

5.68

0.45

Sarthak Metals Quarterly Data
	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															0.14	0.17	0.20	2.70	2.31

Competitive Comparison of Sarthak Metals's Days Payable

For the Metal Fabrication subindustry, Sarthak Metals'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.

Sarthak Metals's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sarthak Metals's Days Payable distribution charts can be found below:

* The bar in red indicates where Sarthak Metals's Days Payable falls into.

Sarthak Metals 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.

Sarthak Metals'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
=	( (5.223	+	1.301)	/	2 )	/	2656.178	*	365
=	3.262					/	2656.178	*	365
=	0.45

Sarthak Metals's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (18.424	+	1.263)	/	2 )	/	389.578	*	365 / 4
=	9.8435					/	389.578	*	365 / 4
=	2.31

Sarthak Metals Days Payable Related Terms

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Sarthak Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sarthak Metals Ltd (BOM:540393) » Definitions » Days Payable

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Traded in Other Exchanges

SMLT:India

Address

B.B.C. Colony, G.E. Road, Near Bhilai ITI, Khursipar, Bhilai, CT, IND, 490011

Website

http://www.sarthakmetals.com

Sarthak Metals Ltd focuses on precision metallurgy, enhancing steel manufacturing processes, and providing industrial welding consumables. The company is engaged in the manufacturing and selling of a wide variety of cored wires, ferroalloys, and aluminum flipping coils, providing products and solutions that are targeted to attaining precision in metallurgy and fine-tuning of steel manufacturing. The company generates the majority of its revenue from the sale of products within India.

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