Pact Industries (BOM:538963) Days Payable : 322.01 (As of Dec. 2023)

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What is Pact Industries Days Payable?

Pact Industries's average Accounts Payable for the three months ended in Dec. 2023 was ₹0.8 Mil. Pact Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.2 Mil. Hence, Pact Industries's Days Payable for the three months ended in Dec. 2023 was 322.01.

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

BOM:538963' s Days Payable Range Over the Past 10 Years
Min: 3.72 Med: 15.11 Max: 47.86
Current: 29.88

During the past 10 years, Pact Industries's highest Days Payable was 47.86. The lowest was 3.72. And the median was 15.11.

BOM:538963's Days Payable is not ranked
in the Steel industry.
Industry Median: 41.325 vs BOM:538963: 29.88

Pact Industries's Days Payable increased from Dec. 2022 (56.77) to Dec. 2023 (322.01). It may suggest that Pact Industries delayed paying its suppliers.

Pact Industries Days Payable Historical Data

The historical data trend for Pact Industries'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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Pact Industries Days Payable Chart

Pact Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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16.68

42.34

30.58

24.82

47.86

Pact Industries 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															56.77	32.30	64.20	1.75	322.01

Competitive Comparison of Pact Industries's Days Payable

For the Steel subindustry, Pact Industries'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.

Pact Industries's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Pact Industries's Days Payable falls into.

Pact Industries 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.

Pact Industries'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
=	( (12.225	+	45.539)	/	2 )	/	220.263	*	365
=	28.882					/	220.263	*	365
=	47.86

Pact Industries'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
=	( (0.794	+	0)	/	1 )	/	0.225	*	365 / 4
=	0.794					/	0.225	*	365 / 4
=	322.01

Pact Industries Days Payable Related Terms

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Pact Industries (BOM:538963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pact Industries Ltd (BOM:538963) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

G.T. Road, 303 Hotel The Taksonz, Opposite Railway Station, Ludhiana, PB, IND, 141008

Website

http://www.pactindustries.in

Pact Industries Ltd is an Indian-based company engaged in the steel, Iron, Textile, as well as manufacturing of agriculture equipment. It operates as a scrap metal importer, recycler, and supplier of products that encompass trolleys, racks, mild sheets, hot roll coil, fabricated doors and railings, and more. The company's portfolio of steel products includes Billets and Ingots, Steel Rounds, Wire Rods, and more, which are used in several industrial applications.

Pact Industries (BOM:538963) Headlines

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