Chaman Metallics (NSE:CMNL) Days Payable : 34.93 (As of Mar. 2023)

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What is Chaman Metallics Days Payable?

Chaman Metallics's average Accounts Payable for the six months ended in Mar. 2023 was ₹154 Mil. Chaman Metallics's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹802 Mil. Hence, Chaman Metallics's Days Payable for the six months ended in Mar. 2023 was 34.93.

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

NSE:CMNL' s Days Payable Range Over the Past 10 Years
Min: 16.39 Med: 30.36 Max: 56.96
Current: 25.56

During the past 5 years, Chaman Metallics's highest Days Payable was 56.96. The lowest was 16.39. And the median was 30.36.

NSE:CMNL's Days Payable is ranked worse than
73.33% of 585 companies
in the Steel industry
Industry Median: 41.52 vs NSE:CMNL: 25.56

Chaman Metallics's Days Payable increased from Mar. 2022 (0.00) to Mar. 2023 (34.93). It may suggest that Chaman Metallics delayed paying its suppliers.

Chaman Metallics Days Payable Historical Data

The historical data trend for Chaman Metallics'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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Chaman Metallics Days Payable Chart

Chaman Metallics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

56.96

30.36

19.39

16.39

31.67

Chaman Metallics Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Mar24
Days Payable	Get a 7-Day Free Trial			-	-	23.68	34.93	-

Competitive Comparison of Chaman Metallics's Days Payable

For the Steel subindustry, Chaman Metallics'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.

Chaman Metallics's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Chaman Metallics's Days Payable falls into.

Chaman Metallics 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.

Chaman Metallics'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
=	( (108.313	+	138.167)	/	2 )	/	1420.231	*	365
=	123.24					/	1420.231	*	365
=	31.67

Chaman Metallics's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (198.842	+	108.313)	/	2 )	/	802.292	*	365 / 2
=	153.5775					/	802.292	*	365 / 2
=	34.93

Chaman Metallics Days Payable Related Terms

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Chaman Metallics (NSE:CMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chaman Metallics Ltd (NSE:CMNL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Samta Colony, Agrawal Complex, Opp. Pandey Nursing Home, Raipur, CT, IND, 492001

Website

https://www.cmlgrgroup.com

Chaman Metallics Ltd is engaged in the business of selling Iron and Steel. The company is engaged in manufacturing and selling Direct Reduced Iron (i.e. sponge iron) which is used as a raw material for making steel in electric arc furnaces and induction furnaces.

Chaman Metallics (NSE:CMNL) Headlines

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