HariOm Pipe Industries (BOM:543517) Days Payable : 5.30 (As of Dec. 2023)

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What is HariOm Pipe Industries Days Payable?

HariOm Pipe Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹125 Mil. HariOm Pipe Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,159 Mil. Hence, HariOm Pipe Industries's Days Payable for the three months ended in Dec. 2023 was 5.30.

The historical rank and industry rank for HariOm Pipe Industries's Days Payable or its related term are showing as below:

BOM:543517' s Days Payable Range Over the Past 10 Years
Min: 9.85 Med: 20.3 Max: 45.57
Current: 9.85

During the past 5 years, HariOm Pipe Industries's highest Days Payable was 45.57. The lowest was 9.85. And the median was 20.30.

BOM:543517's Days Payable is ranked worse than
89.97% of 588 companies
in the Steel industry
Industry Median: 39.7 vs BOM:543517: 9.85

HariOm Pipe Industries's Days Payable declined from Dec. 2022 (31.97) to Dec. 2023 (5.30). It may suggest that HariOm Pipe Industries accelerated paying its suppliers.

HariOm Pipe Industries Days Payable Historical Data

The historical data trend for HariOm Pipe Industries'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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HariOm Pipe Industries Days Payable Chart

HariOm Pipe Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

33.43

45.57

20.30

11.73

15.55

HariOm Pipe Industries Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial									31.97	11.95	12.74	4.86	5.30

Competitive Comparison of HariOm Pipe Industries's Days Payable

For the Steel subindustry, HariOm Pipe Industries'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.

HariOm Pipe Industries's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where HariOm Pipe Industries's Days Payable falls into.

HariOm Pipe Industries 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.

HariOm Pipe Industries's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (144.058	+	250.413)	/	2 )	/	4630.504	*	365
=	197.2355					/	4630.504	*	365
=	15.55

HariOm Pipe Industries's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (125.365	+	0)	/	1 )	/	2158.8	*	365 / 4
=	125.365					/	2158.8	*	365 / 4
=	5.30

HariOm Pipe Industries Days Payable Related Terms

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HariOm Pipe Industries (BOM:543517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » HariOm Pipe Industries Ltd (BOM:543517) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HARIOMPIPE:India

Address

Samarpan Lane, Plot 3-4-174/12/2, 1st Floor, Besides Spencer’s, Pillar No. 125, Attapur, Hyderabad, TG, IND, 500 048

Website

https://www.hariompipes.com

HariOm Pipe Industries Ltd is a premium manufacturer of iron and steel products. The products are used in industries such as housing, infrastructure, agriculture, automotive solar, fabrication, and engineering.

HariOm Pipe Industries (BOM:543517) Headlines

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