Gopal Iron & Steels Co (Gujarat) (BOM:531913) Days Payable : 86.22 (As of Dec. 2023)

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What is Gopal Iron & Steels Co (Gujarat) Days Payable?

Gopal Iron & Steels Co (Gujarat)'s average Accounts Payable for the three months ended in Dec. 2023 was ₹10.67 Mil. Gopal Iron & Steels Co (Gujarat)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹11.29 Mil. Hence, Gopal Iron & Steels Co (Gujarat)'s Days Payable for the three months ended in Dec. 2023 was 86.22.

The historical rank and industry rank for Gopal Iron & Steels Co (Gujarat)'s Days Payable or its related term are showing as below:

BOM:531913' s Days Payable Range Over the Past 10 Years
Min: 55.77 Med: 100.05 Max: 677.3
Current: 62.69

During the past 13 years, Gopal Iron & Steels Co (Gujarat)'s highest Days Payable was 677.30. The lowest was 55.77. And the median was 100.05.

BOM:531913's Days Payable is ranked better than
65.36% of 586 companies
in the Steel industry
Industry Median: 41.325 vs BOM:531913: 62.69

Gopal Iron & Steels Co (Gujarat)'s Days Payable declined from Dec. 2022 (209.88) to Dec. 2023 (86.22). It may suggest that Gopal Iron & Steels Co (Gujarat) accelerated paying its suppliers.

Gopal Iron & Steels Co (Gujarat) Days Payable Historical Data

The historical data trend for Gopal Iron & Steels Co (Gujarat)'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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Gopal Iron & Steels Co (Gujarat) Days Payable Chart

Gopal Iron & Steels Co (Gujarat) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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55.77

58.17

677.30

94.71

Gopal Iron & Steels Co (Gujarat) 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															209.88	52.85	-	35.86	86.22

Competitive Comparison of Gopal Iron & Steels Co (Gujarat)'s Days Payable

For the Steel subindustry, Gopal Iron & Steels Co (Gujarat)'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.

Gopal Iron & Steels Co (Gujarat)'s Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Gopal Iron & Steels Co (Gujarat)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Gopal Iron & Steels Co (Gujarat)'s Days Payable falls into.

Gopal Iron & Steels Co (Gujarat) 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.

Gopal Iron & Steels Co (Gujarat)'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
=	( (1.575	+	3.779)	/	2 )	/	10.317	*	365
=	2.677					/	10.317	*	365
=	94.71

Gopal Iron & Steels Co (Gujarat)'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
=	( (10.67	+	0)	/	1 )	/	11.293	*	365 / 4
=	10.67					/	11.293	*	365 / 4
=	86.22

Gopal Iron & Steels Co (Gujarat) Days Payable Related Terms

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Gopal Iron & Steels Co (Gujarat) (BOM:531913) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Gopal Iron & Steels Co (Gujarat) Ltd (BOM:531913) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-701, Nirman Complex, Behind Navrangpura Bus Stand, Opposite Havmor Restaurant, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.gopaliron.com

Gopal Iron & Steels Co (Gujarat) Ltd is an India-based company. It is engaged in the manufacturing of structural steel like channels, angles, beams, sections, electric resistance welded pipes, and bars. Its products comprise ERW Pipes / Tubes (RHS, SHS, CHS) and Bars like Round Bars, Square Bars, HR/CR/SS Galvanized coils, strips, and Flat Bars. The company is also engaged in green power generation through windmills.

Gopal Iron & Steels Co (Gujarat) (BOM:531913) Headlines

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