TechNVision Ventures (BOM:501421) Days Payable : 46.07 (As of Dec. 2023)

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What is TechNVision Ventures Days Payable?

TechNVision Ventures's average Accounts Payable for the three months ended in Dec. 2023 was ₹153 Mil. TechNVision Ventures's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹303 Mil. Hence, TechNVision Ventures's Days Payable for the three months ended in Dec. 2023 was 46.07.

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

BOM:501421' s Days Payable Range Over the Past 10 Years
Min: 22.72 Med: 57.2 Max: 183.26
Current: 35.75

During the past 13 years, TechNVision Ventures's highest Days Payable was 183.26. The lowest was 22.72. And the median was 57.20.

BOM:501421's Days Payable is ranked worse than
60.98% of 2519 companies
in the Software industry
Industry Median: 50.96 vs BOM:501421: 35.75

TechNVision Ventures's Days Payable increased from Dec. 2022 (44.47) to Dec. 2023 (46.07). It may suggest that TechNVision Ventures delayed paying its suppliers.

TechNVision Ventures Days Payable Historical Data

The historical data trend for TechNVision Ventures'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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TechNVision Ventures Days Payable Chart

TechNVision Ventures Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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22.72

104.67

176.09

183.26

99.95

TechNVision Ventures 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															44.47	21.05	51.79	52.71	46.07

Competitive Comparison of TechNVision Ventures's Days Payable

For the Software - Application subindustry, TechNVision Ventures'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.

TechNVision Ventures's Days Payable Distribution in the Software Industry

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

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

TechNVision Ventures 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.

TechNVision Ventures'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
=	( (527.96	+	130.033)	/	2 )	/	1201.461	*	365
=	328.9965					/	1201.461	*	365
=	99.95

TechNVision Ventures'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
=	( (152.749	+	0)	/	1 )	/	302.578	*	365 / 4
=	152.749					/	302.578	*	365 / 4
=	46.07

TechNVision Ventures Days Payable Related Terms

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TechNVision Ventures (BOM:501421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TechNVision Ventures Ltd (BOM:501421) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1486 (12-13-522), Lane No. 13, Street No. 14, Tarnaka, Secunderabad, TG, IND, 500017

Website

https://www.technvision.com

TechNVision Ventures Ltd is an India based company. It is an exporter of software services. The company is engaged in the segment of Software related Development services, products and Information Technology enabled services. The company divides its products into the groups of Enterprise Data Management, Enterprise Cash Flow Management and Enterprise Talent Management. Geographically, the customers of the company are located in India and overseas market, of which key revenue is derived from the Overseas sales.

TechNVision Ventures (BOM:501421) Headlines

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