Rex Pipes and Cables Industries (NSE:REXPIPES) Days Payable : 21.67 (As of Sep. 2023)

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What is Rex Pipes and Cables Industries Days Payable?

Rex Pipes and Cables Industries's average Accounts Payable for the six months ended in Sep. 2023 was ₹56 Mil. Rex Pipes and Cables Industries's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹473 Mil. Hence, Rex Pipes and Cables Industries's Days Payable for the six months ended in Sep. 2023 was 21.67.

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

NSE:REXPIPES' s Days Payable Range Over the Past 10 Years
Min: 10.79 Med: 44.48 Max: 78.33
Current: 14.89

During the past 6 years, Rex Pipes and Cables Industries's highest Days Payable was 78.33. The lowest was 10.79. And the median was 44.48.

NSE:REXPIPES's Days Payable is ranked worse than
94.61% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs NSE:REXPIPES: 14.89

Rex Pipes and Cables Industries's Days Payable increased from Sep. 2022 (9.73) to Sep. 2023 (21.67). It may suggest that Rex Pipes and Cables Industries delayed paying its suppliers.

Rex Pipes and Cables Industries Days Payable Historical Data

The historical data trend for Rex Pipes and Cables 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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Rex Pipes and Cables Industries Days Payable Chart

Rex Pipes and Cables Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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57.13

78.33

31.83

10.79

13.82

Rex Pipes and Cables Industries Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial				11.08	10.09	9.73	10.97	21.67

Competitive Comparison of Rex Pipes and Cables Industries's Days Payable

For the Specialty Chemicals subindustry, Rex Pipes and Cables 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.

Rex Pipes and Cables Industries's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Rex Pipes and Cables Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Rex Pipes and Cables Industries's Days Payable falls into.

Rex Pipes and Cables 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.

Rex Pipes and Cables 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
=	( (26.428	+	53.11)	/	2 )	/	1050.499	*	365
=	39.769					/	1050.499	*	365
=	13.82

Rex Pipes and Cables Industries's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (53.11	+	59.212)	/	2 )	/	472.89	*	365 / 2
=	56.161					/	472.89	*	365 / 2
=	21.67

Rex Pipes and Cables Industries Days Payable Related Terms

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Rex Pipes and Cables Industries (NSE:REXPIPES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rex Pipes and Cables Industries Ltd (NSE:REXPIPES) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

F-69A, RIICO Industrial Area, Sikar, RJ, IND, 332 001

Website

https://www.rpcil.com

Rex Pipes and Cables Industries Ltd is engaged in the trading and manufacturing of PVC pipes, HDPE pipes, cables, and fittings under the Rex brand name. It offers a wide range of products including three-core flat cables, PVC & HDPE pipes, single-core flexible home wire, HDPE and sprinklers, and cables that are used by different industries such as agriculture, power, construction, and engineering.

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