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The historical rank and industry rank for Ankit Metal & Power's Days Payable or its related term are showing as below:
NSE:ANKITMETAL's Days Payable is not ranked *
in the Steel industry.
Industry Median: 41.37 * Ranked among companies with meaningful Days Payable only.
Ankit Metal & Power's Days Payable
increased
from Dec. 2022 (286.92) to Dec. 2023 (357.21).
It may suggest that Ankit Metal & Powerdelayed paying its suppliers.
Ankit Metal & Power Days Payable Related Terms
Ankit Metal & Power Days Payable Historical Data
* Premium members only.
The historical data trend for Ankit Metal & Power'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.
NSE:ANKITMETAL vs NUE, STLD, RS: Days Payable Comparison
For the Steel subindustry, Ankit Metal & Power'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.
Ankit Metal & Power Days Payable vs Steel Industry
For the Steel industry and Basic Materials sector, Ankit Metal & Power's Days Payable distribution charts can be found below:
* The bar in red indicates where Ankit Metal & Power's Days Payable falls into.
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.
Ankit Metal & Power's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Ankit Metal & Power (NSE:ANKITMETAL) has a Days Payable of 357.21 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ankit Metal & Power and its competitors.
Is Ankit Metal & Power's Days Payable too high?
Ankit Metal & Power's current Days Payable is 357.21. The Steel industry median Days Payable is 41.37. Ankit Metal & Power's value of 357.21 is 763.5% above this industry median. Overall, Ankit Metal & Power has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Ankit Metal & Power's Days Payable compare to NUE and STLD?
Ankit Metal & Power's Days Payable of 357.21 can be compared against companies in the Steel industry. The industry median Days Payable is 41.37. Ankit Metal & Power's value of 357.21 is 763.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Steel company?
The median Days Payable among Steel companies is 41.37, based on 598 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ankit Metal & Power's current Days Payable of 357.21 is 763.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ankit Metal & Power and its competitors. For the Steel industry, the median Days Payable is 41.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ankit Metal & Power's current Days Payable is 357.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ankit Metal & Power stock overvalued right now?
Ankit Metal & Power (NSE:ANKITMETAL) has a current Days Payable of 357.21. The current Days Payable is 357.21 and 763.5% above the Steel industry median of 41.37. Ankit Metal & Power's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Ankit Metal & Power (NSE:ANKITMETAL), the current Days Payable is 357.21 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Ankit Metal & Power Ltd manufactures and sells iron and steel products. Its product portfolio includes Sponge Iron, M.S. Billets, Pig Iron, Ferro Silicon, and others.
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