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International Steels (KAR:ISL) Days Payable : 24.45 (As of Sep. 2024)


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What is International Steels Days Payable?

International Steels's average Accounts Payable for the three months ended in Sep. 2024 was ₨3,372 Mil. International Steels's Cost of Goods Sold for the three months ended in Sep. 2024 was ₨12,585 Mil. Hence, International Steels's Days Payable for the three months ended in Sep. 2024 was 24.45.

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

KAR:ISL' s Days Payable Range Over the Past 10 Years
Min: 5.4   Med: 28.84   Max: 65.43
Current: 35.27

During the past 13 years, International Steels's highest Days Payable was 65.43. The lowest was 5.40. And the median was 28.84.

KAR:ISL's Days Payable is ranked worse than
54.56% of 603 companies
in the Steel industry
Industry Median: 40.36 vs KAR:ISL: 35.27

International Steels's Days Payable declined from Sep. 2023 (32.77) to Sep. 2024 (24.45). It may suggest that International Steels accelerated paying its suppliers.

International Steels Days Payable Historical Data

The historical data trend for International Steels'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.

* Premium members only.

International Steels Days Payable Chart

International Steels Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.07 22.98 5.40 12.89 29.78

International Steels Quarterly Data
Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.77 35.65 40.65 47.55 24.45

Competitive Comparison of International Steels's Days Payable

For the Steel subindustry, International Steels'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.

International Steels's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where International Steels's Days Payable falls into.


International Steels 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.

International Steels'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
=( (4238.059 + 5670.585) / 2 ) / 60726.441*365
=4954.322 / 60726.441*365
=29.78

International Steels'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
=( (5670.585 + 1072.835) / 2 ) / 12584.919*365 / 4
=3371.71 / 12584.919*365 / 4
=24.45

* 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.

International Steels Days Payable Related Terms

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International Steels Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » International Steels Ltd (KAR:ISL) » Definitions » Days Payable
Comparable Companies
KAR:MUGHAL KAR:INIL KAR:AGHA KAR:ASTL KAR:ASL KAR:CSAP KAR:ITTEFAQ NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF TPE:2002 BUE:TXAR SZSE:000708
Traded in Other Exchanges
N/A
Address
10 Beaumont Road, 101 Beaumont Plaza, Karachi, SD, PAK, 75530
Website
https://www.isl.com.pk
International Steels Ltd manufactures steel products. The company produces cold rolled, galvanized, and colour coated steel coils and sheets. It serves industries like construction, appliances, automotive, agricultural implements, and packaging. Geographically, it caters to both domestic and international markets, of which, a majority of its revenue is generated from domestic sales.