Quality Foils (India) (NSE:QFIL) Days Payable : 4.40 (As of Sep. 2023)

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What is Quality Foils (India) Days Payable?

Quality Foils (India)'s average Accounts Payable for the six months ended in Sep. 2023 was ₹17 Mil. Quality Foils (India)'s Cost of Goods Sold for the six months ended in Sep. 2023 was ₹697 Mil. Hence, Quality Foils (India)'s Days Payable for the six months ended in Sep. 2023 was 4.40.

The historical rank and industry rank for Quality Foils (India)'s Days Payable or its related term are showing as below:

NSE:QFIL' s Days Payable Range Over the Past 10 Years
Min: 4.27 Med: 4.52 Max: 6.64
Current: 4.84

During the past 4 years, Quality Foils (India)'s highest Days Payable was 6.64. The lowest was 4.27. And the median was 4.52.

NSE:QFIL's Days Payable is ranked worse than
96.6% of 588 companies
in the Steel industry
Industry Median: 41.41 vs NSE:QFIL: 4.84

Quality Foils (India)'s Days Payable declined from Sep. 2022 (6.54) to Sep. 2023 (4.40). It may suggest that Quality Foils (India) accelerated paying its suppliers.

Quality Foils (India) Days Payable Historical Data

The historical data trend for Quality Foils (India)'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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Quality Foils (India) Days Payable Chart

Quality Foils (India) Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

6.64

4.27

4.33

4.70

Quality Foils (India) Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			-	-	6.54	3.61	4.40

Competitive Comparison of Quality Foils (India)'s Days Payable

For the Steel subindustry, Quality Foils (India)'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.

Quality Foils (India)'s Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Quality Foils (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Quality Foils (India)'s Days Payable falls into.

Quality Foils (India) 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.

Quality Foils (India)'s Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (38.092	+	5.738)	/	2 )	/	1702.818	*	365
=	21.915					/	1702.818	*	365
=	4.70

Quality Foils (India)'s Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (5.738	+	27.851)	/	2 )	/	697.336	*	365 / 2
=	16.7945					/	697.336	*	365 / 2
=	4.40

Quality Foils (India) Days Payable Related Terms

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Quality Foils (India) (NSE:QFIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Quality Foils (India) Ltd (NSE:QFIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3, Industrial Development Colony, Hisar, HR, IND, 125005

Website

https://www.qualitygroup.in

Quality Foils (India) Ltd is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The products of the company are sold both in the domestic as well as international markets.

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