Crescent Steel & Allied Products (KAR:CSAP) Days Payable : 7.44 (As of Dec. 2024)

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What is Crescent Steel & Allied Products Days Payable?

Crescent Steel & Allied Products's average Accounts Payable for the three months ended in Dec. 2024 was ₨117 Mil. Crescent Steel & Allied Products's Cost of Goods Sold for the three months ended in Dec. 2024 was ₨1,438 Mil. Hence, Crescent Steel & Allied Products's Days Payable for the three months ended in Dec. 2024 was 7.44.

The historical rank and industry rank for Crescent Steel & Allied Products's Days Payable or its related term are showing as below:

KAR:CSAP' s Days Payable Range Over the Past 10 Years
Min: 4.09 Med: 28.27 Max: 86.02
Current: 8.68

During the past 13 years, Crescent Steel & Allied Products's highest Days Payable was 86.02. The lowest was 4.09. And the median was 28.27.

KAR:CSAP's Days Payable is ranked worse than
91.15% of 599 companies
in the Steel industry
Industry Median: 38.77 vs KAR:CSAP: 8.68

Crescent Steel & Allied Products's Days Payable declined from Dec. 2023 (21.82) to Dec. 2024 (7.44). It may suggest that Crescent Steel & Allied Products accelerated paying its suppliers.

Crescent Steel & Allied Products Days Payable Historical Data

The historical data trend for Crescent Steel & Allied Products'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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Crescent Steel & Allied Products Days Payable Chart

Crescent Steel & Allied Products Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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21.12

12.21

13.80

23.48

4.09

Crescent Steel & Allied Products 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															21.82	15.95	4.29	9.78	7.44

Competitive Comparison of Crescent Steel & Allied Products's Days Payable

For the Steel subindustry, Crescent Steel & Allied Products'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.

Crescent Steel & Allied Products's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Crescent Steel & Allied Products's Days Payable distribution charts can be found below:

* The bar in red indicates where Crescent Steel & Allied Products's Days Payable falls into.

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Crescent Steel & Allied Products 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.

Crescent Steel & Allied Products'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
=	( (75.373	+	69.737)	/	2 )	/	6475.244	*	365
=	72.555					/	6475.244	*	365
=	4.09

Crescent Steel & Allied Products'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
=	( (127.45	+	107.122)	/	2 )	/	1438.173	*	365 / 4
=	117.286					/	1438.173	*	365 / 4
=	7.44

Crescent Steel & Allied Products Days Payable Related Terms

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Crescent Steel & Allied Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Crescent Steel & Allied Products Ltd (KAR:CSAP) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

9th Floor, Sidco Avenue Centre, 264 R.A. Lines, Karachi, SD, PAK, 74200

Website

https://www.crescent.com.pk

Crescent Steel & Allied Products Ltd has diversified businesses. The company's operating segment includes Steel; Cotton; Energy and Hadeed (Billet) Segment. The steel segment comprises of manufacturing and coating of steel pipes which generates maximum revenue. Geographically, it derives a majority of revenue from Pakistan.

Crescent Steel & Allied Products Headlines

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