Airan (NSE:AIRAN) Days Payable : 15.21 (As of Dec. 2023)

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What is Airan Days Payable?

Airan's average Accounts Payable for the three months ended in Dec. 2023 was ₹32 Mil. Airan's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹193 Mil. Hence, Airan's Days Payable for the three months ended in Dec. 2023 was 15.21.

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

NSE:AIRAN' s Days Payable Range Over the Past 10 Years
Min: 1.17 Med: 7.4 Max: 17.15
Current: 14.22

During the past 12 years, Airan's highest Days Payable was 17.15. The lowest was 1.17. And the median was 7.40.

NSE:AIRAN's Days Payable is ranked worse than
87% of 2531 companies
in the Software industry
Industry Median: 50.36 vs NSE:AIRAN: 14.22

Airan's Days Payable increased from Dec. 2022 (13.63) to Dec. 2023 (15.21). It may suggest that Airan delayed paying its suppliers.

Airan Days Payable Historical Data

The historical data trend for Airan'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.

* Premium members only.

Airan Days Payable Chart

Airan Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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1.17

3.73

15.82

17.15

13.51

Airan Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															13.63	14.95	12.45	14.68	15.21

Competitive Comparison of Airan's Days Payable

For the Information Technology Services subindustry, Airan'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.

Airan's Days Payable Distribution in the Software Industry

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

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

Airan 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.

Airan'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
=	( (26.216	+	25.886)	/	2 )	/	703.611	*	365
=	26.051					/	703.611	*	365
=	13.51

Airan'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (32.15	+	0)	/	1 )	/	192.937	*	365 / 4
=	32.15					/	192.937	*	365 / 4
=	15.21

Airan Days Payable Related Terms

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Airan (NSE:AIRAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Airan Ltd (NSE:AIRAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

543811:India

Address

C. G. Road, 408, Kirtiman Complex, Behind Rembrandt Building, Ahmedabad, GJ, IND, 380006

Website

https://www.airanlimited.com

Airan Ltd is an Indian company engaged in the business of Information Technology (IT) and IT-enabled services including Banking transaction processing services & document management services for telecommunication companies, internet services providers, payment banks, and others. It operates only in India.

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