Lex Nimble Solutions (BOM:541196) Days Payable : 13.49 (As of Sep. 2023)

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What is Lex Nimble Solutions Days Payable?

Lex Nimble Solutions's average Accounts Payable for the six months ended in Sep. 2023 was ₹0.89 Mil. Lex Nimble Solutions's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹12.04 Mil. Hence, Lex Nimble Solutions's Days Payable for the six months ended in Sep. 2023 was 13.49.

The historical rank and industry rank for Lex Nimble Solutions's Days Payable or its related term are showing as below:

BOM:541196' s Days Payable Range Over the Past 10 Years
Min: 0.82 Med: 11.74 Max: 29.51
Current: 16.59

During the past 11 years, Lex Nimble Solutions's highest Days Payable was 29.51. The lowest was 0.82. And the median was 11.74.

BOM:541196's Days Payable is ranked worse than
83.97% of 2526 companies
in the Software industry
Industry Median: 50.42 vs BOM:541196: 16.59

Lex Nimble Solutions's Days Payable declined from Sep. 2022 (19.84) to Sep. 2023 (13.49). It may suggest that Lex Nimble Solutions accelerated paying its suppliers.

Lex Nimble Solutions Days Payable Historical Data

The historical data trend for Lex Nimble Solutions'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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Lex Nimble Solutions Days Payable Chart

Lex Nimble Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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17.86

14.79

29.51

21.90

8.69

Lex Nimble Solutions Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial													22.01	16.03	19.84	12.57	13.49

Competitive Comparison of Lex Nimble Solutions's Days Payable

For the Information Technology Services subindustry, Lex Nimble Solutions'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.

Lex Nimble Solutions's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Lex Nimble Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Lex Nimble Solutions's Days Payable falls into.

Lex Nimble Solutions 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.

Lex Nimble Solutions'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
=	( (0.913	+	0.155)	/	2 )	/	22.437	*	365
=	0.534					/	22.437	*	365
=	8.69

Lex Nimble Solutions'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
=	( (0.155	+	1.626)	/	2 )	/	12.044	*	365 / 2
=	0.8905					/	12.044	*	365 / 2
=	13.49

Lex Nimble Solutions Days Payable Related Terms

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Lex Nimble Solutions (BOM:541196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lex Nimble Solutions Ltd (BOM:541196) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Quardant 3, Module A1, Cyber Towers, 10th Floor, Hitech City, Madhapur, Hyderabad, TG, IND, 500 081

Website

https://www.lexnimble.in

Lex Nimble Solutions Ltd is engaged in IT consulting, support and solutions and appraisal advisory, certification, training and related services on quality models. The company's business segments are Software services and Consulting services. It derives key revenue from the Consulting services segment which covers IT staffing, Support Services and Payroll and accounting Service; and Quality Certification, Consulting and Training. Geographically, the group has customers located within India and other countries.

Lex Nimble Solutions (BOM:541196) Headlines

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