Aisha Steel Mills (KAR:ASL) Days Payable : 4.14 (As of Dec. 2024)

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What is Aisha Steel Mills Days Payable?

Aisha Steel Mills's average Accounts Payable for the three months ended in Dec. 2024 was ₨387 Mil. Aisha Steel Mills's Cost of Goods Sold for the three months ended in Dec. 2024 was ₨8,518 Mil. Hence, Aisha Steel Mills's Days Payable for the three months ended in Dec. 2024 was 4.14.

The historical rank and industry rank for Aisha Steel Mills's Days Payable or its related term are showing as below:

KAR:ASL' s Days Payable Range Over the Past 10 Years
Min: 17.29 Med: 46.71 Max: 141.32
Current: 27.92

During the past 13 years, Aisha Steel Mills's highest Days Payable was 141.32. The lowest was 17.29. And the median was 46.71.

KAR:ASL's Days Payable is ranked worse than
65.01% of 603 companies
in the Steel industry
Industry Median: 38.92 vs KAR:ASL: 27.92

Aisha Steel Mills's Days Payable declined from Dec. 2023 (39.87) to Dec. 2024 (4.14). It may suggest that Aisha Steel Mills accelerated paying its suppliers.

Aisha Steel Mills Days Payable Historical Data

The historical data trend for Aisha Steel Mills'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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Aisha Steel Mills Days Payable Chart

Aisha Steel Mills Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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44.54

45.59

39.09

63.61

24.17

Aisha Steel Mills Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															39.87	52.94	29.54	33.30	4.14

Competitive Comparison of Aisha Steel Mills's Days Payable

For the Steel subindustry, Aisha Steel Mills'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.

Aisha Steel Mills's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Aisha Steel Mills's Days Payable falls into.

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Aisha Steel Mills 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.

Aisha Steel Mills's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (2604.709	+	2550.377)	/	2 )	/	38919.01	*	365
=	2577.543					/	38919.01	*	365
=	24.17

Aisha Steel Mills's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (740.946	+	32.415)	/	2 )	/	8518.408	*	365 / 4
=	386.6805					/	8518.408	*	365 / 4
=	4.14

Aisha Steel Mills Days Payable Related Terms

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Aisha Steel Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aisha Steel Mills Ltd (KAR:ASL) » Definitions » Days Payable

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Traded in Other Exchanges

ASLPS.PFD:Pakistan

Address

23 M.T. Khan Road, 1st Floor, Arif Habib Center, Karachi, SD, PAK, 74000

Website

https://www.aishasteel.com

Aisha Steel Mills Ltd is involved in manufacturing and selling cold rolled steel coils and sheets to the industrial, engineering, and manufacturing industries in Pakistan. Its product offerings include hot-dipped galvanized steel coils, cold-rolled steel coils, and others. The company geographically operates in Pakistan, North America, Middle East, Europe and Asia. The majority of revenue is derived from Pakistan.

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