Ratnaveer Precision Engineering (NSE:RATNAVEER) Days Payable : 29.00 (As of Mar. 2024)

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What is Ratnaveer Precision Engineering Days Payable?

Ratnaveer Precision Engineering's average Accounts Payable for the six months ended in Mar. 2024 was ₹407 Mil. Ratnaveer Precision Engineering's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹5,122 Mil. Hence, Ratnaveer Precision Engineering's Days Payable for the six months ended in Mar. 2024 was 14.50.

The historical rank and industry rank for Ratnaveer Precision Engineering's Days Payable or its related term are showing as below:

NSE:RATNAVEER' s Days Payable Range Over the Past 10 Years
Min: 29 Med: 38.61 Max: 53.84
Current: 29

During the past 5 years, Ratnaveer Precision Engineering's highest Days Payable was 53.84. The lowest was 29.00. And the median was 38.61.

NSE:RATNAVEER's Days Payable is ranked worse than
68.6% of 586 companies
in the Steel industry
Industry Median: 41.43 vs NSE:RATNAVEER: 29.00

Ratnaveer Precision Engineering's Days Payable declined from Mar. 2022 (38.61) to Mar. 2024 (29.00). It may suggest that Ratnaveer Precision Engineering accelerated paying its suppliers.

Ratnaveer Precision Engineering Days Payable Historical Data

The historical data trend for Ratnaveer Precision Engineering'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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Ratnaveer Precision Engineering Days Payable Chart

Ratnaveer Precision Engineering Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

53.84

42.07

38.61

36.61

29.00

Ratnaveer Precision Engineering Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Days Payable	53.84	42.07	38.61	36.61	29.00

Competitive Comparison of Ratnaveer Precision Engineering's Days Payable

For the Steel subindustry, Ratnaveer Precision Engineering'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.

Ratnaveer Precision Engineering's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Ratnaveer Precision Engineering's Days Payable falls into.

Ratnaveer Precision Engineering 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.

Ratnaveer Precision Engineering'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
=	( (374.33	+	439.55)	/	2 )	/	5122.06	*	365
=	406.94					/	5122.06	*	365
=	29.00

Ratnaveer Precision Engineering'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: Mar. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (374.33	+	439.55)	/	2 )	/	5122.06	*	365 / 2
=	406.94					/	5122.06	*	365 / 2
=	14.50

Ratnaveer Precision Engineering Days Payable Related Terms

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Ratnaveer Precision Engineering (NSE:RATNAVEER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (NSE:RATNAVEER) » Definitions » Days Payable

Traded in Other Exchanges

543978:India

Address

Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775

Website

https://www.ratnaveer.com

Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

Ratnaveer Precision Engineering (NSE:RATNAVEER) Headlines

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