Riddhi Steel and Tube (BOM:540082) Days Payable : 7.44 (As of Sep. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Riddhi Steel and Tube Days Payable?

Riddhi Steel and Tube's average Accounts Payable for the six months ended in Sep. 2023 was ₹57 Mil. Riddhi Steel and Tube's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹1,386 Mil. Hence, Riddhi Steel and Tube's Days Payable for the six months ended in Sep. 2023 was 7.44.

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

BOM:540082' s Days Payable Range Over the Past 10 Years
Min: 3.6 Med: 8.91 Max: 16.16
Current: 7.9

During the past 12 years, Riddhi Steel and Tube's highest Days Payable was 16.16. The lowest was 3.60. And the median was 8.91.

BOM:540082's Days Payable is ranked worse than
92.28% of 583 companies
in the Steel industry
Industry Median: 41.6 vs BOM:540082: 7.90

Riddhi Steel and Tube's Days Payable declined from Sep. 2022 (10.78) to Sep. 2023 (7.44). It may suggest that Riddhi Steel and Tube accelerated paying its suppliers.

Riddhi Steel and Tube Days Payable Historical Data

The historical data trend for Riddhi Steel and Tube'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.

Riddhi Steel and Tube Days Payable Chart

Riddhi Steel and Tube Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

8.29

8.58

11.88

16.16

11.51

Riddhi Steel and Tube Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															15.49	16.03	10.78	8.81	7.44

Competitive Comparison of Riddhi Steel and Tube's Days Payable

For the Steel subindustry, Riddhi Steel and Tube'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.

Riddhi Steel and Tube's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Riddhi Steel and Tube's Days Payable falls into.

Riddhi Steel and Tube 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.

Riddhi Steel and Tube'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
=	( (107.889	+	63.995)	/	2 )	/	2726.268	*	365
=	85.942					/	2726.268	*	365
=	11.51

Riddhi Steel and Tube's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (63.995	+	49.09)	/	2 )	/	1386.336	*	365 / 2
=	56.5425					/	1386.336	*	365 / 2
=	7.44

Riddhi Steel and Tube Days Payable Related Terms

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

Riddhi Steel and Tube (BOM:540082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Riddhi Steel and Tube Ltd (BOM:540082) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Piplaj Pirana Road, 83/84, Village - Kamod, Post- Aslali, Ahmedabad, GJ, IND, 382427

Website

https://www.riddhitubes.com

Riddhi Steel and Tube Ltd is engaged in manufacturing and galvanized steel pipes in various sizes, tubes, and hollow profiles and of tube and pipe fittings of cast iron or cast steel. The product line of the company includes MS ERW Black and Galvanised Pipes which are used in agriculture, industry and construction activities like scaffolding and casing in bore wells; Square and Rectangular Hollow Section used in engineering application; Pre-Galvanised Pipes used by various manufacturers.

Riddhi Steel and Tube (BOM:540082) Headlines

No Headlines