Rama Steel Tubes (NSE:RAMASTEEL) Days Payable : 73.08 (As of Dec. 2023)

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What is Rama Steel Tubes Days Payable?

Rama Steel Tubes's average Accounts Payable for the three months ended in Dec. 2023 was ₹1,892 Mil. Rama Steel Tubes's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,362 Mil. Hence, Rama Steel Tubes's Days Payable for the three months ended in Dec. 2023 was 73.08.

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

NSE:RAMASTEEL' s Days Payable Range Over the Past 10 Years
Min: 4.9 Med: 24.98 Max: 74.83
Current: 74.83

During the past 9 years, Rama Steel Tubes's highest Days Payable was 74.83. The lowest was 4.90. And the median was 24.98.

NSE:RAMASTEEL's Days Payable is ranked better than
72.01% of 586 companies
in the Steel industry
Industry Median: 41.325 vs NSE:RAMASTEEL: 74.83

Rama Steel Tubes's Days Payable increased from Dec. 2022 (69.40) to Dec. 2023 (73.08). It may suggest that Rama Steel Tubes delayed paying its suppliers.

Rama Steel Tubes Days Payable Historical Data

The historical data trend for Rama Steel Tubes'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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Rama Steel Tubes Days Payable Chart

Rama Steel Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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8.97

43.97

46.35

31.56

41.84

Rama Steel Tubes 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															69.40	54.57	68.64	95.40	73.08

Competitive Comparison of Rama Steel Tubes's Days Payable

For the Steel subindustry, Rama Steel Tubes'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.

Rama Steel Tubes's Days Payable Distribution in the Steel Industry

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

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

Rama Steel Tubes 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.

Rama Steel Tubes'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
=	( (693.227	+	2158.933)	/	2 )	/	12439.87	*	365
=	1426.08					/	12439.87	*	365
=	41.84

Rama Steel Tubes'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
=	( (1891.531	+	0)	/	1 )	/	2361.82	*	365 / 4
=	1891.531					/	2361.82	*	365 / 4
=	73.08

Rama Steel Tubes Days Payable Related Terms

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Rama Steel Tubes (NSE:RAMASTEEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rama Steel Tubes Ltd (NSE:RAMASTEEL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

539309:India

Address

Main Road, B-5, 3rd Floor, Ghazipur, New Delhi, IND, 110096

Website

https://www.ramasteel.com

Rama Steel Tubes Ltd is a manufacturer and exporter of steel pipes, steel tubes, galvanized pipes, fence pipes, electrical conduit pipes, scaffolding fittings, hollow section, square steel pipes, and square steel tubes. The firm's only segment is the manufacturing and trading of Steel Tubes Pipes and Steel allied products. It also manufactures and exports hollow section for the automobile industry, including highway and street lighting poles, as well as traffic signal poles. It operates its business across the world and generates its revenues from India.

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