DRC Systems India (NSE:DRCSYSTEMS) Days Payable : 24.97 (As of Dec. 2023)

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What is DRC Systems India Days Payable?

DRC Systems India's average Accounts Payable for the three months ended in Dec. 2023 was ₹19.5 Mil. DRC Systems India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹71.3 Mil. Hence, DRC Systems India's Days Payable for the three months ended in Dec. 2023 was 24.97.

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

NSE:DRCSYSTEMS' s Days Payable Range Over the Past 10 Years
Min: 21.06 Med: 38.4 Max: 63.58
Current: 24.41

During the past 6 years, DRC Systems India's highest Days Payable was 63.58. The lowest was 21.06. And the median was 38.40.

NSE:DRCSYSTEMS's Days Payable is ranked worse than
73.77% of 2528 companies
in the Software industry
Industry Median: 50.5 vs NSE:DRCSYSTEMS: 24.41

DRC Systems India's Days Payable increased from Sep. 2022 (0.00) to Dec. 2023 (24.97). It may suggest that DRC Systems India delayed paying its suppliers.

DRC Systems India Days Payable Historical Data

The historical data trend for DRC Systems India'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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DRC Systems India Days Payable Chart

DRC Systems India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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34.61

55.27

42.19

63.58

21.06

DRC Systems India Quarterly Data
	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial												-	-	11.16	19.69	24.97

Competitive Comparison of DRC Systems India's Days Payable

For the Information Technology Services subindustry, DRC Systems India'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.

DRC Systems India's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where DRC Systems India's Days Payable falls into.

DRC Systems India 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.

DRC Systems India'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	+	9.74)	/	1 )	/	168.807	*	365
=	9.74					/	168.807	*	365
=	21.06

DRC Systems India'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
=	( (19.51	+	0)	/	1 )	/	71.29	*	365 / 4
=	19.51					/	71.29	*	365 / 4
=	24.97

DRC Systems India Days Payable Related Terms

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DRC Systems India (NSE:DRCSYSTEMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DRC Systems India Ltd (NSE:DRCSYSTEMS) » Definitions » Days Payable

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Traded in Other Exchanges

543268:India

Address

Block No. 56, Road - 5C, Zone - 5, 24th Floor, GIFT Two Building, Gift CIty, Taluka & District - Gandhinagar, Gandhinagar, GJ, IND, 382 355

Website

https://www.drcsystems.com

DRC Systems India Ltd is a software development outsourcing company in India providing information technology services to customers in India and other countries. Geographically maximum revenue is generated from international markets.

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