NMDC Steel (BOM:543768) Days Payable : 81.91 (As of Mar. 2024)

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What is NMDC Steel Days Payable?

NMDC Steel's average Accounts Payable for the six months ended in Mar. 2024 was ₹16,095 Mil. NMDC Steel's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹35,861 Mil. Hence, NMDC Steel's Days Payable for the six months ended in Mar. 2024 was 81.91.

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

BOM:543768' s Days Payable Range Over the Past 10 Years
Min: 114.17 Med: 137.26 Max: 137.26
Current: 114.17

During the past 7 years, NMDC Steel's highest Days Payable was 137.26. The lowest was 114.17. And the median was 137.26.

BOM:543768's Days Payable is ranked better than
87.48% of 583 companies
in the Steel industry
Industry Median: 41.6 vs BOM:543768: 114.17

NMDC Steel's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (81.91). It may suggest that NMDC Steel delayed paying its suppliers.

NMDC Steel Days Payable Historical Data

The historical data trend for NMDC Steel'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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NMDC Steel Days Payable Chart

NMDC Steel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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137.26

NMDC Steel Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial				-	-	-	388.21	81.91

Competitive Comparison of NMDC Steel's Days Payable

For the Steel subindustry, NMDC Steel'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.

NMDC Steel's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where NMDC Steel's Days Payable falls into.

NMDC Steel 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.

NMDC Steel'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
=	( (3900.6	+	25027.1)	/	2 )	/	38461.5	*	365
=	14463.85					/	38461.5	*	365
=	137.26

NMDC Steel'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (7162.8	+	25027.1)	/	2 )	/	35861	*	365 / 2
=	16094.95					/	35861	*	365 / 2
=	81.91

NMDC Steel Days Payable Related Terms

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NMDC Steel (BOM:543768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » NMDC Steel Ltd (BOM:543768) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NSLNISP:India

Address

Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad, TG, IND, 500028

Website

https://nmdcsteel.nmdc.co.in

NMDC Steel Ltd owns and operates mechanized iron ore mines. The company is producing about 35 MTPA of iron ore from its major iron-producing units in Bailadila Sector in Chhattisgarh and Donimalai.

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