Tata Consultancy Services (NSE:TCS) Days Payable : 11.47 (As of Mar. 2024)

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What is Tata Consultancy Services Days Payable?

Tata Consultancy Services's average Accounts Payable for the three months ended in Mar. 2024 was ₹32,360 Mil. Tata Consultancy Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹257,370 Mil. Hence, Tata Consultancy Services's Days Payable for the three months ended in Mar. 2024 was 11.47.

The historical rank and industry rank for Tata Consultancy Services's Days Payable or its related term are showing as below:

NSE:TCS' s Days Payable Range Over the Past 10 Years
Min: 9.61 Med: 28.98 Max: 65.16
Current: 19.29

During the past 13 years, Tata Consultancy Services's highest Days Payable was 65.16. The lowest was 9.61. And the median was 28.98.

NSE:TCS's Days Payable is ranked worse than
80.58% of 2528 companies
in the Software industry
Industry Median: 50.5 vs NSE:TCS: 19.29

Tata Consultancy Services's Days Payable declined from Mar. 2023 (27.43) to Mar. 2024 (11.47). It may suggest that Tata Consultancy Services accelerated paying its suppliers.

Tata Consultancy Services Days Payable Historical Data

The historical data trend for Tata Consultancy Services'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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Tata Consultancy Services Days Payable Chart

Tata Consultancy Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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29.00

30.67

28.95

17.99

9.61

Tata Consultancy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															27.43	18.32	27.04	26.77	11.47

Competitive Comparison of Tata Consultancy Services's Days Payable

For the Information Technology Services subindustry, Tata Consultancy Services'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.

Tata Consultancy Services's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Tata Consultancy Services's Days Payable distribution charts can be found below:

* The bar in red indicates where Tata Consultancy Services's Days Payable falls into.

Tata Consultancy Services 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.

Tata Consultancy Services's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (37590	+	32360)	/	2 )	/	1328710	*	365
=	34975					/	1328710	*	365
=	9.61

Tata Consultancy Services's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	32360)	/	1 )	/	257370	*	365 / 4
=	32360					/	257370	*	365 / 4
=	11.47

Tata Consultancy Services Days Payable Related Terms

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Tata Consultancy Services (NSE:TCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tata Consultancy Services Ltd (NSE:TCS) » Definitions » Days Payable

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532540:India

Address

Raveline Street, TCS House, Fort, Mumbai, MH, IND, 400001

Website

http://www.tcs.com

Tata Consultancy Services is a leading global IT services provider, with nearly 450,000 employees. Based in Mumbai, the India IT services firm leverages its offshore outsourcing model to derive half of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service, or BPaaS.