Mahamaya Steel Industries (BOM:513554) Days Payable : 7.76 (As of Mar. 2024)

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What is Mahamaya Steel Industries Days Payable?

Mahamaya Steel Industries's average Accounts Payable for the three months ended in Mar. 2024 was ₹139 Mil. Mahamaya Steel Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,629 Mil. Hence, Mahamaya Steel Industries's Days Payable for the three months ended in Mar. 2024 was 7.76.

The historical rank and industry rank for Mahamaya Steel Industries's Days Payable or its related term are showing as below:

BOM:513554' s Days Payable Range Over the Past 10 Years
Min: 5.54 Med: 9.33 Max: 26.27
Current: 9.99

During the past 13 years, Mahamaya Steel Industries's highest Days Payable was 26.27. The lowest was 5.54. And the median was 9.33.

BOM:513554's Days Payable is ranked worse than
90.05% of 583 companies
in the Steel industry
Industry Median: 41.52 vs BOM:513554: 9.99

Mahamaya Steel Industries's Days Payable declined from Mar. 2023 (10.75) to Mar. 2024 (7.76). It may suggest that Mahamaya Steel Industries accelerated paying its suppliers.

Mahamaya Steel Industries Days Payable Historical Data

The historical data trend for Mahamaya Steel Industries'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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Mahamaya Steel Industries Days Payable Chart

Mahamaya Steel Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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20.58

26.27

9.56

8.21

9.09

Mahamaya Steel Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															10.75	9.01	12.58	13.00	7.76

Competitive Comparison of Mahamaya Steel Industries's Days Payable

For the Steel subindustry, Mahamaya Steel Industries'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.

Mahamaya Steel Industries's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Mahamaya Steel Industries's Days Payable falls into.

Mahamaya Steel Industries 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.

Mahamaya Steel Industries'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
=	( (183.787	+	138.585)	/	2 )	/	6471.361	*	365
=	161.186					/	6471.361	*	365
=	9.09

Mahamaya Steel Industries'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	+	138.585)	/	1 )	/	1629.371	*	365 / 4
=	138.585					/	1629.371	*	365 / 4
=	7.76

Mahamaya Steel Industries Days Payable Related Terms

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Mahamaya Steel Industries (BOM:513554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mahamaya Steel Industries Ltd (BOM:513554) » Definitions » Days Payable

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MAHASTEEL:India

Address

B/8-9, Sector - C, Urla Industrial Area, Sarora, Raipur, CT, IND, 493 221

Website

https://www.mahamayagroup.in

Mahamaya Steel Industries Ltd is engaged in the manufacturing of steel structures in the shape of angles, beams, joists, channels, rounds, flats, railway sleepers among others. It has high-capacity structural rolling mills with full-fledged supportive SMS.

Mahamaya Steel Industries (BOM:513554) Headlines

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