Sagardeep Alloys (NSE:SAGARDEEP) Days Payable : 2.95 (As of Mar. 2023)

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What is Sagardeep Alloys Days Payable?

Sagardeep Alloys's average Accounts Payable for the three months ended in Mar. 2023 was ₹7.3 Mil. Sagardeep Alloys's Cost of Goods Sold for the three months ended in Mar. 2023 was ₹227.1 Mil. Hence, Sagardeep Alloys's Days Payable for the three months ended in Mar. 2023 was 2.95.

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

NSE:SAGARDEEP's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 130.91
* Ranked among companies with meaningful Days Payable only.

Sagardeep Alloys's Days Payable declined from Dec. 2021 (13.16) to Mar. 2023 (2.95). It may suggest that Sagardeep Alloys accelerated paying its suppliers.

Sagardeep Alloys Days Payable Historical Data

The historical data trend for Sagardeep Alloys'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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Sagardeep Alloys Days Payable Chart

Sagardeep Alloys Annual Data

Trend

Mar11

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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58.31

42.88

18.56

16.80

9.03

Sagardeep Alloys Quarterly Data
	Sep16	Mar17	Mar18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															13.16	13.49	10.95	-	2.95

Competitive Comparison of Sagardeep Alloys's Days Payable

For the Copper subindustry, Sagardeep Alloys'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.

Sagardeep Alloys's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sagardeep Alloys's Days Payable distribution charts can be found below:

* The bar in red indicates where Sagardeep Alloys's Days Payable falls into.

Sagardeep Alloys 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.

Sagardeep Alloys'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
=	( (33.958	+	7.349)	/	2 )	/	835.054	*	365
=	20.6535					/	835.054	*	365
=	9.03

Sagardeep Alloys'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: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (0	+	7.349)	/	1 )	/	227.108	*	365 / 4
=	7.349					/	227.108	*	365 / 4
=	2.95

Sagardeep Alloys Days Payable Related Terms

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Sagardeep Alloys (NSE:SAGARDEEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sagardeep Alloys Ltd (NSE:SAGARDEEP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khatraj Road, Plot number 2070, Rajnagar Patia, Santej, Santej Kalol, Gandhinagar, GJ, IND, 382721

Website

https://www.sdalloys.com

Sagardeep Alloys Ltd manufactures basic precious and non-ferrous alloys. It is also a wholesaler of metal and metal ores. It is engaged in the manufacturing and trading of copper and brass products such as pipes and tubes and the trading of stainless steel, copper, brass, and other metal product. Its product offering consists of Gilding Metal, Commercial Bronze, Red Brass, Low Brass, Cartridge Brass, Yellow Brass, Muntz Metal, Cupro Nickel Tubes and Pipe, Cupro Nickel Rods, Stainless Steel Scrap Grades, Stainless Steel Pipes and Tubes, Stainless Steel Sheets / Plates, Stainless Steel Coils, Stainless Steel Bars, Copper Pipes and Tubes, Copper Flats, Copper Coils, Copper Rod, Copper Anodes / Nuggets, Copper Plates, Oxygen Free Copper.

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