Melstar Information Technologies (NSE:MELSTAR) Days Payable : 1,095.90 (As of Dec. 2020)

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What is Melstar Information Technologies Days Payable?

Melstar Information Technologies's average Accounts Payable for the three months ended in Dec. 2020 was ₹71.82 Mil. Melstar Information Technologies's Cost of Goods Sold for the three months ended in Dec. 2020 was ₹5.98 Mil. Hence, Melstar Information Technologies's Days Payable for the three months ended in Dec. 2020 was 1,095.90.

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

NSE:MELSTAR's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.1
* Ranked among companies with meaningful Days Payable only.

Melstar Information Technologies's Days Payable increased from Dec. 2019 (231.36) to Dec. 2020 (1,095.90). It may suggest that Melstar Information Technologies delayed paying its suppliers.

Melstar Information Technologies Days Payable Historical Data

The historical data trend for Melstar Information Technologies'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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Melstar Information Technologies Days Payable Chart

Melstar Information Technologies Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Days Payable

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199.52

120.55

482.74

537.62

276.98

Melstar Information Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Days Payable	Get a 7-Day Free Trial															231.36	308.57	1,090.67	947.31	1,095.90

Competitive Comparison of Melstar Information Technologies's Days Payable

For the Software - Application subindustry, Melstar Information Technologies'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.

Melstar Information Technologies's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Melstar Information Technologies's Days Payable falls into.

Melstar Information Technologies 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.

Melstar Information Technologies's Days Payable for the fiscal year that ended in Mar. 2020 is calculated as

	Days Payable (A: Mar. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2019 )	+	Accounts Payable (A: Mar. 2020 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2020 )	*	Days in Period
=	( (72.495	+	75.48)	/	2 )	/	97.499	*	365
=	73.9875					/	97.499	*	365
=	276.98

Melstar Information Technologies's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

	Days Payable (Q: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2020 )	+	Accounts Payable (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (71.819	+	0)	/	1 )	/	5.98	*	365 / 4
=	71.819					/	5.98	*	365 / 4
=	1,095.90

Melstar Information Technologies Days Payable Related Terms

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Melstar Information Technologies (NSE:MELSTAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Melstar Information Technologies Ltd (NSE:MELSTAR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

159, 5th Floor, Industry House, Reclamation, Churchgate, Mumbai, MH, IND, 400020

Website

http://www.melstar.com

Melstar Information Technologies Ltd is a software service company. It is an Information Technology (IT) solution provider to the banking, insurance, government, and IT sectors. The company provides services such as application services, application development, application management, enterprise application services, Business Practices, and Technology practices.

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