CES (BOM:512341) Days Payable : 35.45 (As of Mar. 2023)

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What is CES Days Payable?

CES's average Accounts Payable for the six months ended in Mar. 2023 was ₹195 Mil. CES's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹2,013 Mil. Hence, CES's Days Payable for the six months ended in Mar. 2023 was 17.73.

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

BOM:512341' s Days Payable Range Over the Past 10 Years
Min: 15.09 Med: 19.73 Max: 35.99
Current: 35.45

During the past 13 years, CES's highest Days Payable was 35.99. The lowest was 15.09. And the median was 19.73.

BOM:512341's Days Payable is not ranked
in the Software industry.
Industry Median: 50.19 vs BOM:512341: 35.45

CES's Days Payable increased from Mar. 2021 (31.03) to Mar. 2023 (35.45). It may suggest that CES delayed paying its suppliers.

CES Days Payable Historical Data

The historical data trend for CES'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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CES Days Payable Chart

CES Annual Data

Trend

Jun14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

15.09

15.30

31.03

35.99

35.45

CES Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Days Payable	Get a 7-Day Free Trial									15.09	15.30	31.03	35.99	35.45

Competitive Comparison of CES's Days Payable

For the Information Technology Services subindustry, CES'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.

CES's Days Payable Distribution in the Software Industry

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

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

CES 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.

CES'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
=	( (229.707	+	161.243)	/	2 )	/	2012.501	*	365
=	195.475					/	2012.501	*	365
=	35.45

CES'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: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (229.707	+	161.243)	/	2 )	/	2012.501	*	365 / 2
=	195.475					/	2012.501	*	365 / 2
=	17.73

CES Days Payable Related Terms

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

CES (BOM:512341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CES Ltd (BOM:512341) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7th Floor, Tower-A, Ramky Selenium, Nanakramguda, Gachibowli, Hyderabad, TG, IND, 500032

Website

https://www.cesltd.com

CES Ltd together with its subsidiaries is an Information Technology and Information Technology Enabled Services provider, dedicated to serving the midsize market of global enterprises. The company provides services that are tailor-made to each customer. The company's services include product engineering, application lifecycle management, enterprise application, e-commerce support alternative asset management services. Its segments include IT Services and IT Enabled Services, which generate the majority of the company's revenue. Geographically the company generates revenue from the USA and India.

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