Prakash Steelage (BOM:533239) Days Payable : 106.52 (As of Mar. 2024)

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What is Prakash Steelage Days Payable?

Prakash Steelage's average Accounts Payable for the three months ended in Mar. 2024 was ₹261 Mil. Prakash Steelage's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹223 Mil. Hence, Prakash Steelage's Days Payable for the three months ended in Mar. 2024 was 106.52.

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

BOM:533239' s Days Payable Range Over the Past 10 Years
Min: 85.03 Med: 427.94 Max: 1011.87
Current: 140.33

During the past 13 years, Prakash Steelage's highest Days Payable was 1011.87. The lowest was 85.03. And the median was 427.94.

BOM:533239's Days Payable is ranked better than
90.74% of 583 companies
in the Steel industry
Industry Median: 41.52 vs BOM:533239: 140.33

Prakash Steelage's Days Payable declined from Mar. 2023 (156.96) to Mar. 2024 (106.52). It may suggest that Prakash Steelage accelerated paying its suppliers.

Prakash Steelage Days Payable Historical Data

The historical data trend for Prakash Steelage'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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Prakash Steelage Days Payable Chart

Prakash Steelage Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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986.94

840.33

589.95

231.80

157.81

Prakash Steelage 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															156.96	187.78	114.12	108.76	106.52

Competitive Comparison of Prakash Steelage's Days Payable

For the Steel subindustry, Prakash Steelage'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.

Prakash Steelage's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Prakash Steelage's Days Payable falls into.

Prakash Steelage 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.

Prakash Steelage'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
=	( (522.313	+	260.632)	/	2 )	/	905.447	*	365
=	391.4725					/	905.447	*	365
=	157.81

Prakash Steelage'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	+	260.632)	/	1 )	/	223.277	*	365 / 4
=	260.632					/	223.277	*	365 / 4
=	106.52

Prakash Steelage Days Payable Related Terms

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Prakash Steelage (BOM:533239) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Prakash Steelage Ltd (BOM:533239) » Definitions » Days Payable

Traded in Other Exchanges

PRAKASHSTL:India

Address

28, Sindhi Lane, Nanubhai Desai Road, 101, 1st Floor, Shatrunjay Apartment, Mumbai, MH, IND, 400 004

Website

https://www.prakashsteelage.com

Prakash Steelage Ltd is a company, which is predominantly related to the manufacturing and trading of stainless steel tubes and pipes. Its products are available in various conditions, such as welded, Annealed/Unanneled, Bright Annealed, Annealed and Pickled, U-Bent, Bead Rolled, and Straight Lengths. Geographically all the business activity of the group is operated through the region of India.

Prakash Steelage (BOM:533239) Headlines

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