DiGiSPICE Technologies (BOM:517214) Days Payable : 14.61 (As of Mar. 2024)

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What is DiGiSPICE Technologies Days Payable?

DiGiSPICE Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ₹141 Mil. DiGiSPICE Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹884 Mil. Hence, DiGiSPICE Technologies's Days Payable for the three months ended in Mar. 2024 was 14.61.

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

BOM:517214' s Days Payable Range Over the Past 10 Years
Min: 25.92 Med: 69.42 Max: 273.9
Current: 38.98

During the past 13 years, DiGiSPICE Technologies's highest Days Payable was 273.90. The lowest was 25.92. And the median was 69.42.

BOM:517214's Days Payable is ranked worse than
58.16% of 2524 companies
in the Software industry
Industry Median: 49.575 vs BOM:517214: 38.98

DiGiSPICE Technologies's Days Payable increased from Dec. 2022 (0.00) to Mar. 2024 (14.61). It may suggest that DiGiSPICE Technologies delayed paying its suppliers.

DiGiSPICE Technologies Days Payable Historical Data

The historical data trend for DiGiSPICE Technologies'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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DiGiSPICE Technologies Days Payable Chart

DiGiSPICE Technologies Annual Data

Trend

Jun14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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76.86

35.76

25.92

61.97

33.42

DiGiSPICE Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															-	54.42	36.29	19.91	14.61

Competitive Comparison of DiGiSPICE Technologies's Days Payable

For the Information Technology Services subindustry, DiGiSPICE Technologies'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.

DiGiSPICE Technologies's Days Payable Distribution in the Software Industry

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

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

DiGiSPICE Technologies 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.

DiGiSPICE Technologies'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
=	( (530.285	+	141.477)	/	2 )	/	3667.979	*	365
=	335.881					/	3667.979	*	365
=	33.42

DiGiSPICE Technologies'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	+	141.477)	/	1 )	/	883.777	*	365 / 4
=	141.477					/	883.777	*	365 / 4
=	14.61

DiGiSPICE Technologies Days Payable Related Terms

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DiGiSPICE Technologies (BOM:517214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DiGiSPICE Technologies Ltd (BOM:517214) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DIGISPICE:India

Address

Spice Global Knowledge Park, 19A & 19B, Sector-125, District Gautam Budh Nagar, Noida, UP, IND, 201 301

Website

https://www.digispice.com

DiGiSPICE Technologies Ltd is primarily engaged in the Information and Communication Technology business providing Value Added Services, and Mobile Content services to domestic/international Telecom Operators. Also, the company undertakes the development and sale of telecom-related software. Its single operating segment includes Digital Technology Services (DTS) and Financial Technology services. Geographically, it derives a majority of revenue from India. Its products include DiGi Entertainment Solutions; DiGi Government Solutions; DiGi Financial Solutions and DiGi Enterprise Solutions.

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