Mughal Iron & Steel Industries (KAR:MUGHAL) Days Payable : 21.53 (As of Dec. 2023)

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What is Mughal Iron & Steel Industries Days Payable?

Mughal Iron & Steel Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₨5,312 Mil. Mughal Iron & Steel Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₨22,511 Mil. Hence, Mughal Iron & Steel Industries's Days Payable for the three months ended in Dec. 2023 was 21.53.

The historical rank and industry rank for Mughal Iron & Steel Industries's Days Payable or its related term are showing as below:

KAR:MUGHAL' s Days Payable Range Over the Past 10 Years
Min: 1.05 Med: 4.62 Max: 18.18
Current: 18.18

During the past 10 years, Mughal Iron & Steel Industries's highest Days Payable was 18.18. The lowest was 1.05. And the median was 4.62.

KAR:MUGHAL's Days Payable is ranked worse than
80.78% of 588 companies
in the Steel industry
Industry Median: 39.7 vs KAR:MUGHAL: 18.18

Mughal Iron & Steel Industries's Days Payable increased from Dec. 2022 (14.65) to Dec. 2023 (21.53). It may suggest that Mughal Iron & Steel Industries delayed paying its suppliers.

Mughal Iron & Steel Industries Days Payable Historical Data

The historical data trend for Mughal Iron & Steel 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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Mughal Iron & Steel Industries Days Payable Chart

Mughal Iron & Steel Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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1.05

4.62

4.59

5.90

8.40

Mughal Iron & Steel Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															14.65	18.67	12.07	13.09	21.53

Competitive Comparison of Mughal Iron & Steel Industries's Days Payable

For the Steel subindustry, Mughal Iron & Steel 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.

Mughal Iron & Steel Industries's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Mughal Iron & Steel Industries's Days Payable falls into.

Mughal Iron & Steel 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.

Mughal Iron & Steel Industries's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1356.738	+	1298.727)	/	2 )	/	57719.143	*	365
=	1327.7325					/	57719.143	*	365
=	8.40

Mughal Iron & Steel 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
=	( (4012.776	+	6611.761)	/	2 )	/	22510.942	*	365 / 4
=	5312.2685					/	22510.942	*	365 / 4
=	21.53

Mughal Iron & Steel Industries Days Payable Related Terms

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Mughal Iron & Steel Industries (KAR:MUGHAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mughal Iron & Steel Industries Ltd (KAR:MUGHAL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

31-A Shadman 1, Lahore, PB, PAK

Website

https://www.mughalsteel.com

Mughal Iron & Steel Industries Ltd is engaged in the manufacturing and trading of mild steel products. The operating segments of the company are Ferrous and Non-Ferrous. The company's main products involve Steel re-bars (G60 / Mughal Supreme), Girders, Billets, Copper ingots and Copper granules.

Mughal Iron & Steel Industries (KAR:MUGHAL) Headlines

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