Kritika Wires (NSE:KRITIKA) Days Payable : 22.03 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Kritika Wires Days Payable?

Kritika Wires's average Accounts Payable for the six months ended in Mar. 2024 was ₹243 Mil. Kritika Wires's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹2,015 Mil. Hence, Kritika Wires's Days Payable for the six months ended in Mar. 2024 was 22.03.

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

NSE:KRITIKA' s Days Payable Range Over the Past 10 Years
Min: 20.82 Med: 61.48 Max: 80.58
Current: 21.27

During the past 11 years, Kritika Wires's highest Days Payable was 80.58. The lowest was 20.82. And the median was 61.48.

NSE:KRITIKA's Days Payable is ranked worse than
77.61% of 585 companies
in the Steel industry
Industry Median: 41.52 vs NSE:KRITIKA: 21.27

Kritika Wires's Days Payable declined from Mar. 2023 (25.91) to Mar. 2024 (22.03). It may suggest that Kritika Wires accelerated paying its suppliers.

Kritika Wires Days Payable Historical Data

The historical data trend for Kritika Wires'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.

Kritika Wires Days Payable Chart

Kritika Wires Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

66.04

79.45

44.68

35.41

20.82

Kritika Wires Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial												34.09	46.92	25.91	20.92	22.03

Competitive Comparison of Kritika Wires's Days Payable

For the Steel subindustry, Kritika Wires'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.

Kritika Wires's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Kritika Wires's Days Payable falls into.

Kritika Wires 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.

Kritika Wires'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
=	( (198.866	+	248.365)	/	2 )	/	3920.351	*	365
=	223.6155					/	3920.351	*	365
=	20.82

Kritika Wires'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (237.992	+	248.365)	/	2 )	/	2014.706	*	365 / 2
=	243.1785					/	2014.706	*	365 / 2
=	22.03

Kritika Wires Days Payable Related Terms

Thank you for viewing the detailed overview of Kritika Wires's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Kritika Wires (NSE:KRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kritika Wires Ltd (NSE:KRITIKA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot-BG-12, Bus Terminus and Commercial Complex, Unit no. 201, 2nd Floor, AA-I, New Town Pride Hotel Building, Opposite to NOVOTEL, Kolkata, WB, IND, 700156

Website

https://www.kritikawires.com

Kritika Wires Ltd is engaged in the manufacturing of galvanized steel wires and wire products. The company is focused on exporting and supplying Industrial Steel. The company's products are used for the transmission and distribution of electricity, and the manufacturing of concrete slippers, poles, bridges, and other infrastructure facilities. The products of the company include Mild Steel Wire, GI Stay Wire, Spring Steel Wire, Barbed Wire, and others.

Kritika Wires (NSE:KRITIKA) Headlines

No Headlines