Niks Technology (BOM:543282) Days Payable : 31.87 (As of Sep. 2023)

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What is Niks Technology Days Payable?

Niks Technology's average Accounts Payable for the six months ended in Sep. 2023 was ₹2.16 Mil. Niks Technology's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹12.38 Mil. Hence, Niks Technology's Days Payable for the six months ended in Sep. 2023 was 31.87.

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

BOM:543282' s Days Payable Range Over the Past 10 Years
Min: 39.63 Med: 46.59 Max: 255.78
Current: 39.63

During the past 6 years, Niks Technology's highest Days Payable was 255.78. The lowest was 39.63. And the median was 46.59.

BOM:543282's Days Payable is ranked worse than
57.32% of 2526 companies
in the Software industry
Industry Median: 50.42 vs BOM:543282: 39.63

Niks Technology's Days Payable increased from Sep. 2022 (0.00) to Sep. 2023 (31.87). It may suggest that Niks Technology delayed paying its suppliers.

Niks Technology Days Payable Historical Data

The historical data trend for Niks Technology'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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Niks Technology Days Payable Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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46.59

255.78

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial					723.89	82.31	-	-	31.87

Competitive Comparison of Niks Technology's Days Payable

For the Information Technology Services subindustry, Niks Technology'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.

Niks Technology's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Niks Technology's Days Payable falls into.

Niks Technology 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.

Niks Technology'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	+	0)	/	1 )	/	12.322	*	365
=	0					/	12.322	*	365
=	0.00

Niks Technology'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	+	2.161)	/	1 )	/	12.375	*	365 / 2
=	2.161					/	12.375	*	365 / 2
=	31.87

Niks Technology Days Payable Related Terms

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Niks Technology (BOM:543282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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