Quicktouch Technologies (NSE:QUICKTOUCH) Days Payable : 1,207.63 (As of Mar. 2023)

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What is Quicktouch Technologies Days Payable?

Quicktouch Technologies's average Accounts Payable for the six months ended in Mar. 2023 was ₹119.4 Mil. Quicktouch Technologies's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹36.1 Mil. Hence, Quicktouch Technologies's Days Payable for the six months ended in Mar. 2023 was 603.81.

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

NSE:QUICKTOUCH' s Days Payable Range Over the Past 10 Years
Min: 64.37 Med: 462.18 Max: 1207.63
Current: 1207.63

During the past 6 years, Quicktouch Technologies's highest Days Payable was 1207.63. The lowest was 64.37. And the median was 462.18.

NSE:QUICKTOUCH's Days Payable is ranked better than
96.02% of 2536 companies
in the Software industry
Industry Median: 50.1 vs NSE:QUICKTOUCH: 1207.63

Quicktouch Technologies's Days Payable increased from Mar. 2021 (407.08) to Mar. 2023 (1,207.63). It may suggest that Quicktouch Technologies delayed paying its suppliers.

Quicktouch Technologies Days Payable Historical Data

The historical data trend for Quicktouch 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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Quicktouch Technologies Days Payable Chart

Quicktouch Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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64.37

517.28

407.08

1,033.12

1,207.63

Quicktouch Technologies Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Days Payable	Get a 7-Day Free Trial			64.37	517.28	407.08	1,033.12	1,207.63

Competitive Comparison of Quicktouch Technologies's Days Payable

For the Information Technology Services subindustry, Quicktouch 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.

Quicktouch Technologies's Days Payable Distribution in the Software Industry

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

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

Quicktouch 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.

Quicktouch Technologies'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
=	( (93.389	+	145.371)	/	2 )	/	36.082	*	365
=	119.38					/	36.082	*	365
=	1,207.63

Quicktouch Technologies's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (93.389	+	145.371)	/	2 )	/	36.082	*	365 / 2
=	119.38					/	36.082	*	365 / 2
=	603.81

Quicktouch Technologies Days Payable Related Terms

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Quicktouch Technologies (NSE:QUICKTOUCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quicktouch Technologies Ltd (NSE:QUICKTOUCH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Netaji Subhash Place, Office No. 203, 2nd Floor, D-Mall, Pitampura, Delhi, IND, 110034

Website

https://www.quicktouch.co.in

Quicktouch Technologies Ltd is an information technology company. The company is in the business of Software IT solutions and Consulting Services, IT Product/Software Development and Software Commercial Training, and Web designing. The company offers Experience Designing, Software Engineering, Content Engineering, Digital Accelerators, Data & Analytics, Data Management & Cloud Adoption.

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