Welcast Steels (BOM:504988) Days Payable : 43.94 (As of Mar. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Welcast Steels Days Payable?

Welcast Steels's average Accounts Payable for the three months ended in Mar. 2024 was ₹75.3 Mil. Welcast Steels's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹156.4 Mil. Hence, Welcast Steels's Days Payable for the three months ended in Mar. 2024 was 43.94.

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

BOM:504988' s Days Payable Range Over the Past 10 Years
Min: 15.73 Med: 22.4 Max: 63.72
Current: 63.72

During the past 13 years, Welcast Steels's highest Days Payable was 63.72. The lowest was 15.73. And the median was 22.40.

BOM:504988's Days Payable is ranked better than
66.04% of 583 companies
in the Steel industry
Industry Median: 41.52 vs BOM:504988: 63.72

Welcast Steels's Days Payable increased from Dec. 2022 (25.00) to Mar. 2024 (43.94). It may suggest that Welcast Steels delayed paying its suppliers.

Welcast Steels Days Payable Historical Data

The historical data trend for Welcast Steels'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.

Welcast Steels Days Payable Chart

Welcast Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

23.23

17.89

17.92

40.69

50.24

Welcast Steels Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															25.00	48.12	42.23	64.01	43.94

Competitive Comparison of Welcast Steels's Days Payable

For the Steel subindustry, Welcast Steels'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.

Welcast Steels's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Welcast Steels's Days Payable falls into.

Welcast Steels 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.

Welcast Steels'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
=	( (71.875	+	75.296)	/	2 )	/	534.616	*	365
=	73.5855					/	534.616	*	365
=	50.24

Welcast Steels'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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	75.296)	/	1 )	/	156.379	*	365 / 4
=	75.296					/	156.379	*	365 / 4
=	43.94

Welcast Steels Days Payable Related Terms

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

Welcast Steels (BOM:504988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Welcast Steels Ltd (BOM:504988) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 15, Phase I, Peenya Industrial Area, Banglore, KA, IND, 560 058

Website

http://www.welcaststeels.com

Welcast Steels Ltd is engaged in the manufacturing and marketing of chrome grinding media balls. The company products are used in Cement and Mining Industry. It exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, Oman, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria, and Vietnam. The company primarily operates in only one segment namely the manufacturing of High Chrome Grinding Media Balls.

Welcast Steels (BOM:504988) Headlines

No Headlines