CosmoSteel Holdings (SGX:B9S) Days Payable : 35.24 (As of Mar. 2024)

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What is CosmoSteel Holdings Days Payable?

CosmoSteel Holdings's average Accounts Payable for the six months ended in Mar. 2024 was S$5.91 Mil. CosmoSteel Holdings's Cost of Goods Sold for the six months ended in Mar. 2024 was S$30.61 Mil. Hence, CosmoSteel Holdings's Days Payable for the six months ended in Mar. 2024 was 35.24.

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

SGX:B9S' s Days Payable Range Over the Past 10 Years
Min: 27.01 Med: 41.73 Max: 142.86
Current: 52.89

During the past 13 years, CosmoSteel Holdings's highest Days Payable was 142.86. The lowest was 27.01. And the median was 41.73.

SGX:B9S's Days Payable is ranked better than
51.05% of 143 companies
in the Industrial Distribution industry
Industry Median: 52.76 vs SGX:B9S: 52.89

CosmoSteel Holdings's Days Payable declined from Mar. 2023 (38.74) to Mar. 2024 (35.24). It may suggest that CosmoSteel Holdings accelerated paying its suppliers.

CosmoSteel Holdings Days Payable Historical Data

The historical data trend for CosmoSteel 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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CosmoSteel Holdings Days Payable Chart

CosmoSteel Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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43.38

30.70

40.07

48.45

27.01

CosmoSteel Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															36.48	36.89	38.74	61.74	35.24

Competitive Comparison of CosmoSteel Holdings's Days Payable

For the Industrial Distribution subindustry, CosmoSteel 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.

CosmoSteel Holdings's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, CosmoSteel Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where CosmoSteel Holdings's Days Payable falls into.

CosmoSteel 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.

CosmoSteel Holdings's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (5.438	+	4.962)	/	2 )	/	70.26	*	365
=	5.2					/	70.26	*	365
=	27.01

CosmoSteel Holdings'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
=	( (4.962	+	6.857)	/	2 )	/	30.605	*	365 / 2
=	5.9095					/	30.605	*	365 / 2
=	35.24

CosmoSteel Holdings Days Payable Related Terms

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CosmoSteel Holdings (SGX:B9S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » CosmoSteel Holdings Ltd (SGX:B9S) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Lok Yang Way, Singapore, SGP, 628633

Website

http://www.cosmosteel.com

CosmoSteel Holdings Ltd is an investment holding company engaged in the sale, supply, and machining of flanges, steel fittings, tubings, and pipes for main industries. Its operating segment includes Energy, Marine, Trading, and others. The company generates maximum revenue from the Energy segment. Its Energy segment comprises oil and gas, engineering and construction, petrochemical, and power. Geographically, it derives a majority of revenue from Singapore.

CosmoSteel Holdings (SGX:B9S) Headlines

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