Creative Castings (BOM:539527) Days Payable : 41.66 (As of Mar. 2024)

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What is Creative Castings Days Payable?

Creative Castings's average Accounts Payable for the three months ended in Mar. 2024 was ₹27.0 Mil. Creative Castings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹59.2 Mil. Hence, Creative Castings's Days Payable for the three months ended in Mar. 2024 was 41.66.

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

BOM:539527' s Days Payable Range Over the Past 10 Years
Min: 19.71 Med: 47.76 Max: 87.94
Current: 59.18

During the past 10 years, Creative Castings's highest Days Payable was 87.94. The lowest was 19.71. And the median was 47.76.

BOM:539527's Days Payable is ranked better than
62.39% of 585 companies
in the Steel industry
Industry Median: 41.54 vs BOM:539527: 59.18

Creative Castings's Days Payable increased from Mar. 2023 (33.90) to Mar. 2024 (41.66). It may suggest that Creative Castings delayed paying its suppliers.

Creative Castings Days Payable Historical Data

The historical data trend for Creative Castings'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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Creative Castings Days Payable Chart

Creative Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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51.75

40.24

19.71

42.82

55.37

Creative Castings 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															33.90	80.26	61.53	69.31	41.66

Competitive Comparison of Creative Castings's Days Payable

For the Steel subindustry, Creative Castings'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.

Creative Castings's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Creative Castings's Days Payable falls into.

Creative Castings 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.

Creative Castings'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
=	( (33.547	+	27.04)	/	2 )	/	199.698	*	365
=	30.2935					/	199.698	*	365
=	55.37

Creative Castings'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	+	27.04)	/	1 )	/	59.233	*	365 / 4
=	27.04					/	59.233	*	365 / 4
=	41.66

Creative Castings Days Payable Related Terms

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Creative Castings (BOM:539527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Creative Castings Ltd (BOM:539527) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Rajkot Road, 102, GIDC Estates, Phase - II, Dolatpara, Junagadh, GJ, IND, 362003

Website

https://www.creative-cast.com

Creative Castings Ltd is engaged in manufacturing and exporting steel and alloy steel investment casting. The company manufactures both ferrous and non-ferrous castings. It is also engaged in generating power from wind energy. The company's operating segment includes Investment Castings and Power. It derives maximum revenue from the Investment Castings segment. Geographically, it generates a majority of revenue from Overseas. The company serves pumps and valve industries, oil and refineries, general engineering, electrical engineering, fire control equipment, medical implants, agricultural machinery, defense industries, etc.

Creative Castings (BOM:539527) Headlines

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