Usha Martin (LUX:USHMA) Days Payable : 54.32 (As of Mar. 2024)

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What is Usha Martin Days Payable?

Usha Martin's average Accounts Payable for the three months ended in Mar. 2024 was $29.9 Mil. Usha Martin's Cost of Goods Sold for the three months ended in Mar. 2024 was $50.3 Mil. Hence, Usha Martin's Days Payable for the three months ended in Mar. 2024 was 54.32.

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

LUX:USHMA' s Days Payable Range Over the Past 10 Years
Min: 59.16 Med: 179.49 Max: 528.68
Current: 59.16

During the past 13 years, Usha Martin's highest Days Payable was 528.68. The lowest was 59.16. And the median was 179.49.

LUX:USHMA's Days Payable is ranked better than
62.22% of 585 companies
in the Steel industry
Industry Median: 41.52 vs LUX:USHMA: 59.16

Usha Martin's Days Payable declined from Mar. 2023 (60.40) to Mar. 2024 (54.32). It may suggest that Usha Martin accelerated paying its suppliers.

Usha Martin Days Payable Historical Data

The historical data trend for Usha Martin'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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Usha Martin Days Payable Chart

Usha Martin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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103.07

108.36

80.39

62.37

61.44

Usha Martin Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															60.40	63.61	56.92	57.70	54.32

Competitive Comparison of Usha Martin's Days Payable

For the Steel subindustry, Usha Martin'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.

Usha Martin's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Usha Martin's Days Payable falls into.

Usha Martin 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.

Usha Martin's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (36.316	+	29.914)	/	2 )	/	196.736	*	365
=	33.115					/	196.736	*	365
=	61.44

Usha Martin's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	29.914)	/	1 )	/	50.251	*	365 / 4
=	29.914					/	50.251	*	365 / 4
=	54.32

Usha Martin Days Payable Related Terms

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Usha Martin (LUX:USHMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usha Martin Ltd (LUX:USHMA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

USHAMART:India 517146:India

Address

2A, Shakespeare Sarani, Mangal Kalash, Kolkata, WB, IND, 700 071

Website

https://www.ushamartin.com

Usha Martin Ltd is engaged in the business of the production of wire rope. The company's operating segment includes Wire and wire ropes and others. It generates maximum revenue from the Wire and wire ropes segment. The wire and wire ropes segment manufactures and sells steel wires, strands, wire ropes, cords, related accessories, and others. Its Others segment includes the manufacturing and selling of wire drawing and allied machines and corporate office. Geographically, it derives a majority of revenue from India.

Usha Martin (LUX:USHMA) Headlines

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