Richa Info Systems (NSE:RICHASMN) Days Payable : 8.72 (As of Mar. 2023)

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What is Richa Info Systems Days Payable?

Richa Info Systems's average Accounts Payable for the six months ended in Mar. 2023 was ₹10.2 Mil. Richa Info Systems's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹213.6 Mil. Hence, Richa Info Systems's Days Payable for the six months ended in Mar. 2023 was 8.72.

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

NSE:RICHASMN' s Days Payable Range Over the Past 10 Years
Min: 8.12 Med: 10.75 Max: 18.37
Current: 13.18

During the past 5 years, Richa Info Systems's highest Days Payable was 18.37. The lowest was 8.12. And the median was 10.75.

NSE:RICHASMN's Days Payable is ranked worse than
88.3% of 2522 companies
in the Software industry
Industry Median: 51.485 vs NSE:RICHASMN: 13.18

Richa Info Systems's Days Payable declined from Mar. 2022 (9.60) to Mar. 2023 (8.72). It may suggest that Richa Info Systems accelerated paying its suppliers.

Richa Info Systems Days Payable Historical Data

The historical data trend for Richa Info Systems'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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Richa Info Systems Days Payable Chart

Richa Info Systems Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

14.32

10.75

8.12

9.30

18.37

Richa Info Systems Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Payable	Get a 7-Day Free Trial			-	8.55	9.60	16.05	8.72

Competitive Comparison of Richa Info Systems's Days Payable

For the Software - Application subindustry, Richa Info Systems'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.

Richa Info Systems's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Richa Info Systems's Days Payable falls into.

Richa Info Systems 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.

Richa Info Systems'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
=	( (10.698	+	18.19)	/	2 )	/	287.018	*	365
=	14.444					/	287.018	*	365
=	18.37

Richa Info Systems'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: Sep. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (2.215	+	18.19)	/	2 )	/	213.59	*	365 / 2
=	10.2025					/	213.59	*	365 / 2
=	8.72

Richa Info Systems Days Payable Related Terms

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Richa Info Systems (NSE:RICHASMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Richa Info Systems Ltd (NSE:RICHASMN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Opposite Copper Stone, Thaltej-Shilaj Road, Corporate House No. 17, Times Corporate Park, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.richainfosys.com

Richa Info Systems Ltd is engaged in the business of assembling innovative products and systems. It is an innovative company in the field of Education Technology, Collaborative Conferencing and Professional Displays, Security and Surveillance, and Interactive Flat Panels. The majority of revenue is derived from the Interactive Flat panel.

Richa Info Systems (NSE:RICHASMN) Headlines

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