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Aeries Technology (Aeries Technology) Days Payable : 50.14 (As of Dec. 2023)


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What is Aeries Technology Days Payable?

Aeries Technology's average Accounts Payable for the three months ended in Dec. 2023 was $7.06 Mil. Aeries Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was $12.85 Mil. Hence, Aeries Technology's Days Payable for the three months ended in Dec. 2023 was 50.14.

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

AERT' s Days Payable Range Over the Past 10 Years
Min: 10.58   Med: 12.96   Max: 55.26
Current: 55.26

During the past 2 years, Aeries Technology's highest Days Payable was 55.26. The lowest was 10.58. And the median was 12.96.

AERT's Days Payable is ranked better than
56.11% of 925 companies
in the Business Services industry
Industry Median: 47.5 vs AERT: 55.26

Aeries Technology's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (50.14). It may suggest that Aeries Technology delayed paying its suppliers.

Aeries Technology Days Payable Historical Data

The historical data trend for Aeries Technology'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.

Aeries Technology Days Payable Chart

Aeries Technology Annual Data
Trend Mar22 Mar23
Days Payable
10.58 15.34

Aeries Technology Quarterly Data
Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial - 20.99 17.08 - 50.14

Competitive Comparison of Aeries Technology's Days Payable

For the Consulting Services subindustry, Aeries Technology'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.

Aeries Technology's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Aeries Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Aeries Technology's Days Payable falls into.


Aeries Technology 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.

Aeries Technology'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
=( (0.841 + 2.474) / 2 ) / 39.442*365
=1.6575 / 39.442*365
=15.34

Aeries Technology'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
=( (6.352 + 7.771) / 2 ) / 12.851*365 / 4
=7.0615 / 12.851*365 / 4
=50.14

* 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.

Aeries Technology Days Payable Related Terms

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Aeries Technology (Aeries Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aeries Technology Inc (NAS:AERT) » Definitions » Days Payable
Comparable Companies
Traded in Other Exchanges
N/A
Address
Twin Towers Lane, Paville House, 5th Floor, Prabhadevi, Mumbai, MH, IND, 400025
Website
https://www.aeriestechnology.com
Aeries Technology Inc is a global professional and management services partner offering a range of management consultancy services for private equity sponsors and their portfolio companies with engagement models that are designed to provide a mix of deep vertical specialty, functional expertise, and digital systems and solutions to scale, optimize and transform a client's business operations. It supports and drives its client's global growth by providing a range of management consultancy services involving professional advisory services and operations management services to build and manage dedicated delivery centers in appropriate locations based on customer business needs.
Executives
Tony Marion Pearce director, officer: Executive Chairman 123 EAST 200 NORTH, ALPINE UT 84004
Terry Vernon Pearce director, officer: Executive Vice-Chairman 123 EAST 200 NORTH, ALPINE UT 84004
David V. Crowder director C/O GSV CAPITAL CORP., 2956 WOODSIDE ROAD, WOODSIDE CA 94062
Lynne Marie Laube director C/O CARDLYTICS, INC., 675 PONCE DE LEON AVENUE NE, SUITE 6000, ATLANTA GA 30308
Tanner Ainge director 1633 W. INNOVATION WAY, 5TH FLOOR, LEHI UT 84043
Worldwide Webb Acquisition Sponsor, Llc 10 percent owner 770 E TECHNOLOGY WAY F13-16, OREM UT 84097
Daniel S. Webb director, 10 percent owner, officer: CEO, CFO 770 E TECHNOLOGY WAY F13-16, OREM UT 84097
Davis Smith director 770 E TECHNOLOGY WAY F13-16, OREM UT 84097