Vallabh Steels (BOM:513397) Days Payable : 37.12 (As of Dec. 2023)

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What is Vallabh Steels Days Payable?

Vallabh Steels's average Accounts Payable for the three months ended in Dec. 2023 was ₹1.31 Mil. Vallabh Steels's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹3.22 Mil. Hence, Vallabh Steels's Days Payable for the three months ended in Dec. 2023 was 37.12.

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

BOM:513397' s Days Payable Range Over the Past 10 Years
Min: 5.38 Med: 28.41 Max: 76.97
Current: 5.41

During the past 13 years, Vallabh Steels's highest Days Payable was 76.97. The lowest was 5.38. And the median was 28.41.

BOM:513397's Days Payable is ranked worse than
96.25% of 586 companies
in the Steel industry
Industry Median: 41.325 vs BOM:513397: 5.41

Vallabh Steels's Days Payable increased from Dec. 2022 (32.80) to Dec. 2023 (37.12). It may suggest that Vallabh Steels delayed paying its suppliers.

Vallabh Steels Days Payable Historical Data

The historical data trend for Vallabh 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.

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Vallabh Steels Days Payable Chart

Vallabh Steels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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25.27

24.00

12.34

11.64

5.38

Vallabh Steels Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															32.80	1.51	38.54	37.09	37.12

Competitive Comparison of Vallabh Steels's Days Payable

For the Steel subindustry, Vallabh 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.

Vallabh Steels's Days Payable Distribution in the Steel Industry

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

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

Vallabh 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.

Vallabh Steels'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
=	( (1.431	+	1.362)	/	2 )	/	94.769	*	365
=	1.3965					/	94.769	*	365
=	5.38

Vallabh Steels's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.311	+	0)	/	1 )	/	3.223	*	365 / 4
=	1.311					/	3.223	*	365 / 4
=	37.12

Vallabh Steels Days Payable Related Terms

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Vallabh Steels (BOM:513397) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vallabh Steels Ltd (BOM:513397) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

G.T. Road, Village Pawa, Sahnewal, Ludhiana, PB, IND, 141120

Website

https://www.vallabhsteelsltd.in

Vallabh Steels Ltd is an Indian firm operating in a single segment of the iron and steel industry engaged in the manufacturing and marketing of galvanized steel pipes and cold rolled steel strips and coils. The firm manufactures mild steel electric resistance weld black and galvanized pipes suitable for various industrial and household applications. It also produces precision tubes made of cold-rolled close annealed, to meet the needs of the automobile industry and the general engineering industry.

Vallabh Steels (BOM:513397) Headlines

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