Info-Drive Software (BOM:530703) Days Payable: 21.45 (As of Mar. 2017)

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What is Info-Drive Software Days Payable?

Info-Drive Software BOM:530703 Days Payable is 21.45 as of Mar. 2017.

Info-Drive Software's average Accounts Payable for the six months ended in Mar. 2017 was ₹65 Mil. Info-Drive Software's Cost of Goods Sold for the six months ended in Mar. 2017 was ₹1,100 Mil. Hence, Info-Drive Software's Days Payable for the six months ended in Mar. 2017 was 10.72.

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

BOM:530703's Days Payable is not ranked *
in the Software industry.
Industry Median: 51.36
* Ranked among companies with meaningful Days Payable only.

Info-Drive Software's Days Payable declined from Mar. 2015 (51.14) to Mar. 2017 (21.45). It may suggest that Info-Drive Software accelerated paying its suppliers.

Info-Drive Software Days Payable Historical Data

* Premium members only.

The historical data trend for Info-Drive Software'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.

Info-Drive Software Days Payable Chart

Info-Drive Software Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 110.09 67.40 51.14 51.09 21.45

Info-Drive Software Semi-Annual Data
Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only 110.09 67.40 51.14 51.09 21.45

BOM:530703 vs IMCI: Days Payable Comparison

For the Information Technology Services subindustry, Info-Drive Software'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.

Info-Drive Software Days Payable vs Software Industry

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

* The bar in red indicates where Info-Drive Software's Days Payable falls into.


Info-Drive Software 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.

Info-Drive Software's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

Days Payable (A: Mar. 2017 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2016 ) + Accounts Payable (A: Mar. 2017 )) / count ) / Cost of Goods Sold (A: Mar. 2017 )*Days in Period
=( (112.822 + 16.435) / 2 ) / 1099.965*365
=64.6285 / 1099.965*365
=21.45

Info-Drive Software's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable (Q: Mar. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2016 ) + Accounts Payable (Q: Mar. 2017 )) / count ) / Cost of Goods Sold (Q: Mar. 2017 )*Days in Period
=( (112.822 + 16.435) / 2 ) / 1099.965*365 / 2
=64.6285 / 1099.965*365 / 2
=10.72

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 21.45 mean?
Info-Drive Software (BOM:530703) has a Days Payable of 21.45 as of Mar. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Info-Drive Software and its competitors.
Is Info-Drive Software's Days Payable too high?
Info-Drive Software's current Days Payable is 21.45. The Software industry median Days Payable is 51.36. Info-Drive Software's value of 21.45 is 58.2% below this industry median.
How does Info-Drive Software's Days Payable compare to IMCI?
Info-Drive Software's Days Payable of 21.45 can be compared against companies in the Software industry. The industry median Days Payable is 51.36. Info-Drive Software's value of 21.45 is 58.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 51.36, based on 2,610 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Info-Drive Software's current Days Payable of 21.45 is 58.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Info-Drive Software and its competitors. For the Software industry, the median Days Payable is 51.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Info-Drive Software's current Days Payable is 21.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Info-Drive Software stock overvalued right now?
Info-Drive Software (BOM:530703) has a current Days Payable of 21.45. The current Days Payable is 21.45 and 58.2% below the Software industry median of 51.36. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Info-Drive Software (BOM:530703), the current Days Payable is 21.45 as of Mar. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Info-Drive Software Business Description

Address 128 Cathedral Road, Crown Court, Sixth Floor, Office 3, Chennai, TN, IND, 600086
Info-Drive Software Ltd is an India-based company. The company is predominantly engaged in outsourcing business solutions from overseas markets, software development, infrastructure management services, systems integration, and trading of commodities. In addition, the company also provides turnkey system solutions, hardware optimization, and data center maintenance. The company product portfolio includes services like Enterprise business intelligence solutions; Consulting services and, Business process outsourcing. The majority of its revenue is generated from the Overseas market while it also has a presence in the Indian market.