Tech Mahindra (BOM:532755) Days Payable : 43.51 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Tech Mahindra Days Payable?

Tech Mahindra's average Accounts Payable for the three months ended in Dec. 2023 was ₹42,530 Mil. Tech Mahindra's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹89,188 Mil. Hence, Tech Mahindra's Days Payable for the three months ended in Dec. 2023 was 43.51.

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

BOM:532755' s Days Payable Range Over the Past 10 Years
Min: 28.13 Med: 43.81 Max: 57.45
Current: 57.45

During the past 13 years, Tech Mahindra's highest Days Payable was 57.45. The lowest was 28.13. And the median was 43.81.

BOM:532755's Days Payable is ranked better than
52.93% of 2522 companies
in the Software industry
Industry Median: 51.485 vs BOM:532755: 57.45

Tech Mahindra's Days Payable increased from Dec. 2022 (42.71) to Dec. 2023 (43.51). It may suggest that Tech Mahindra delayed paying its suppliers.

Tech Mahindra Days Payable Historical Data

The historical data trend for Tech Mahindra'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.

Tech Mahindra Days Payable Chart

Tech Mahindra Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

45.50

53.21

52.66

52.07

50.88

Tech Mahindra 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															42.71	103.89	55.82	53.15	43.51

Competitive Comparison of Tech Mahindra's Days Payable

For the Information Technology Services subindustry, Tech Mahindra'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.

Tech Mahindra's Days Payable Distribution in the Software Industry

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

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

Tech Mahindra 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.

Tech Mahindra'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
=	( (40947	+	43846)	/	2 )	/	304157	*	365
=	42396.5					/	304157	*	365
=	50.88

Tech Mahindra'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
=	( (42530	+	0)	/	1 )	/	89188	*	365 / 4
=	42530					/	89188	*	365 / 4
=	43.51

Tech Mahindra Days Payable Related Terms

Thank you for viewing the detailed overview of Tech Mahindra's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tech Mahindra (BOM:532755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tech Mahindra Ltd (BOM:532755) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TECHM:India

Address

Plot No. 1, Phase III, Rajiv Gandhi Infotech Park, Hinjewadi, Pune, MH, IND, 411 057

Website

https://www.techmahindra.com

Tech Mahindra Ltd is an IT services and consulting company in India. It offers a variety of technology solutions and services in addition to business process services. Its segments are Information Technology and Business Processing Outsourcing. The technology solutions include helping companies engage in cloud software, mobile solutions, network services, cybersecurity, and a variety of other options. The business process service is offered across various industries including telecom, financial services, retail, energy, hospitality, high-tech, agriculture, and food beverage. The company's approach includes cost reduction, process optimization, and ownership through automation and productivity improvements. Tech Mahindra generates approximately half of its revenue from the United States.

Tech Mahindra (BOM:532755) Headlines

No Headlines