Steppe Cement (LSE:STCM) Days Payable : 48.53 (As of Jun. 2023)

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What is Steppe Cement Days Payable?

Steppe Cement's average Accounts Payable for the six months ended in Jun. 2023 was £5.77 Mil. Steppe Cement's Cost of Goods Sold for the six months ended in Jun. 2023 was £21.71 Mil. Hence, Steppe Cement's Days Payable for the six months ended in Jun. 2023 was 48.53.

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

LSE:STCM' s Days Payable Range Over the Past 10 Years
Min: 25.91 Med: 36.19 Max: 63.64
Current: 45.98

During the past 13 years, Steppe Cement's highest Days Payable was 63.64. The lowest was 25.91. And the median was 36.19.

LSE:STCM's Days Payable is ranked worse than
69.62% of 372 companies
in the Building Materials industry
Industry Median: 66.17 vs LSE:STCM: 45.98

Steppe Cement's Days Payable increased from Jun. 2022 (37.16) to Jun. 2023 (48.53). It may suggest that Steppe Cement delayed paying its suppliers.

Steppe Cement Days Payable Historical Data

The historical data trend for Steppe Cement'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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Steppe Cement Days Payable Chart

Steppe Cement Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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43.30

29.00

25.91

26.37

28.28

Steppe Cement Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															32.33	35.15	37.16	34.33	48.53

Competitive Comparison of Steppe Cement's Days Payable

For the Building Materials subindustry, Steppe Cement'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.

Steppe Cement's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Steppe Cement's Days Payable distribution charts can be found below:

* The bar in red indicates where Steppe Cement's Days Payable falls into.

Steppe Cement 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.

Steppe Cement's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.942	+	3.306)	/	2 )	/	40.317	*	365
=	3.124					/	40.317	*	365
=	28.28

Steppe Cement's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (3.306	+	8.238)	/	2 )	/	21.705	*	365 / 2
=	5.772					/	21.705	*	365 / 2
=	48.53

Steppe Cement Days Payable Related Terms

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Steppe Cement (LSE:STCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Steppe Cement Ltd (LSE:STCM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SPPCF:USA ST9:Germany

Address

No. 8, Jalan Perak, West Wing, Suite 10.1, 10th Floor, Rohas Perkasa, Kuala Lumpur, MYS, 50450

Website

https://www.steppecement.com

Steppe Cement Ltd is an investment holding company based in Malaysia. Its primary business is the production and sale of cement, which is in the Karaganda region, the Republic of Kazakhstan. It derives revenue from the sale of manufactured goods and the transmission and distribution of electricity.

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