Salasar Techno Engineering (BOM:540642) Days Payable : 31.57 (As of Mar. 2024)

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What is Salasar Techno Engineering Days Payable?

Salasar Techno Engineering's average Accounts Payable for the three months ended in Mar. 2024 was ₹1,024 Mil. Salasar Techno Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,961 Mil. Hence, Salasar Techno Engineering's Days Payable for the three months ended in Mar. 2024 was 31.57.

The historical rank and industry rank for Salasar Techno Engineering's Days Payable or its related term are showing as below:

BOM:540642' s Days Payable Range Over the Past 10 Years
Min: 20.34 Med: 31.27 Max: 40.49
Current: 32.1

During the past 12 years, Salasar Techno Engineering's highest Days Payable was 40.49. The lowest was 20.34. And the median was 31.27.

BOM:540642's Days Payable is ranked worse than
63.42% of 585 companies
in the Steel industry
Industry Median: 41.52 vs BOM:540642: 32.10

Salasar Techno Engineering's Days Payable increased from Mar. 2023 (28.00) to Mar. 2024 (31.57). It may suggest that Salasar Techno Engineering delayed paying its suppliers.

Salasar Techno Engineering Days Payable Historical Data

The historical data trend for Salasar Techno Engineering'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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Salasar Techno Engineering Days Payable Chart

Salasar Techno Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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35.05

20.34

26.26

27.60

32.93

Salasar Techno Engineering 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															28.00	30.88	33.60	30.80	31.57

Competitive Comparison of Salasar Techno Engineering's Days Payable

For the Steel subindustry, Salasar Techno Engineering'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.

Salasar Techno Engineering's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Salasar Techno Engineering's Days Payable falls into.

Salasar Techno Engineering 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.

Salasar Techno Engineering'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
=	( (726.184	+	1024.396)	/	2 )	/	9700.81	*	365
=	875.29					/	9700.81	*	365
=	32.93

Salasar Techno Engineering'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	+	1024.396)	/	1 )	/	2961.001	*	365 / 4
=	1024.396					/	2961.001	*	365 / 4
=	31.57

Salasar Techno Engineering Days Payable Related Terms

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Salasar Techno Engineering (BOM:540642) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Salasar Techno Engineering Ltd (BOM:540642) » Definitions » Days Payable

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SALASAR:India

Address

E-20, South Extension I, New Delhi, IND, 110049

Website

https://www.salasartechno.com

Salasar Techno Engineering Ltd is engaged in the manufacturing of galvanized M.S. steel structures and related activities. It is engaged in the manufacturing and fabrication of steel structures for Telecom Towers, Transmission Towers, Utilities Poles, High Mast Poles, Stadium Lighting Poles, Flag Poles, and Smart City Poles Substations Structures, Railway Electrification (OHE), and Solar Module Mounting Structures. The Firm has two reportable segments namely, Steel structure, which derives majority of revenue and comprises manufacturing and sale of Galvanized and Non-galvanized Steel Structures including Telecom Towers, Transmission Line Towers, and Solar Panels; and EPC projects, which comprise survey, supply of materials, design, erection, testing and commissioning on a trunkey basis.

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