Steel & Tube Holdings (NZSE:STU) Days Payable : 36.62 (As of Dec. 2023)

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What is Steel & Tube Holdings Days Payable?

Steel & Tube Holdings's average Accounts Payable for the six months ended in Dec. 2023 was NZ$40.9 Mil. Steel & Tube Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$203.8 Mil. Hence, Steel & Tube Holdings's Days Payable for the six months ended in Dec. 2023 was 36.62.

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

NZSE:STU' s Days Payable Range Over the Past 10 Years
Min: 24.21 Med: 33.76 Max: 42.77
Current: 24.21

During the past 13 years, Steel & Tube Holdings's highest Days Payable was 42.77. The lowest was 24.21. And the median was 33.76.

NZSE:STU's Days Payable is ranked worse than
73.04% of 586 companies
in the Steel industry
Industry Median: 41.305 vs NZSE:STU: 24.21

Steel & Tube Holdings's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (36.62). It may suggest that Steel & Tube Holdings delayed paying its suppliers.

Steel & Tube Holdings Days Payable Historical Data

The historical data trend for Steel & Tube Holdings'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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Steel & Tube Holdings Days Payable Chart

Steel & Tube Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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31.25

36.41

38.29

42.77

36.04

Steel & Tube Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															51.46	51.64	-	16.97	36.62

Competitive Comparison of Steel & Tube Holdings's Days Payable

For the Steel subindustry, Steel & Tube Holdings'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.

Steel & Tube Holdings's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Steel & Tube Holdings's Days Payable falls into.

Steel & Tube Holdings 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.

Steel & Tube Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (49.466	+	35.629)	/	2 )	/	430.95	*	365
=	42.5475					/	430.95	*	365
=	36.04

Steel & Tube Holdings'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (35.629	+	46.16)	/	2 )	/	203.789	*	365 / 2
=	40.8945					/	203.789	*	365 / 2
=	36.62

Steel & Tube Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of Steel & Tube Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Steel & Tube Holdings (NZSE:STU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel & Tube Holdings Ltd (NZSE:STU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Bruce Roderick Drive, East Tamaki, Auckland, NTL, NZL, 2013

Website

https://www.steelandtube.co.nz

Steel & Tube Holdings Ltd is a New Zealand-based company. The company is a provider of steel solutions. It is a distributor and manufacturer of steel products including steel, stainless steel, architectural stainless, pipe, fittings and valves, pipe and cable supports, fastenings, roofing and cladding, and many more. The company's operating segments include Distribution and Infrastructure. It generates maximum revenue from the Distribution segment.

Steel & Tube Holdings (NZSE:STU) Headlines

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