Alankit (BOM:531082) Days Payable : 60.06 (As of Dec. 2023)

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What is Alankit Days Payable?

Alankit's average Accounts Payable for the three months ended in Dec. 2023 was ₹236 Mil. Alankit's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹358 Mil. Hence, Alankit's Days Payable for the three months ended in Dec. 2023 was 60.06.

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

BOM:531082' s Days Payable Range Over the Past 10 Years
Min: 9.32 Med: 69.98 Max: 203.58
Current: 38.75

During the past 13 years, Alankit's highest Days Payable was 203.58. The lowest was 9.32. And the median was 69.98.

BOM:531082's Days Payable is ranked worse than
57.72% of 2531 companies
in the Software industry
Industry Median: 50.36 vs BOM:531082: 38.75

Alankit's Days Payable increased from Dec. 2022 (13.29) to Dec. 2023 (60.06). It may suggest that Alankit delayed paying its suppliers.

Alankit Days Payable Historical Data

The historical data trend for Alankit'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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Alankit Days Payable Chart

Alankit Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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135.50

80.14

88.55

59.81

29.90

Alankit Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															13.29	22.36	82.17	74.28	60.06

Competitive Comparison of Alankit's Days Payable

For the Information Technology Services subindustry, Alankit'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.

Alankit's Days Payable Distribution in the Software Industry

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

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

Alankit 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.

Alankit'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
=	( (139.386	+	264.33)	/	2 )	/	2464.377	*	365
=	201.858					/	2464.377	*	365
=	29.90

Alankit'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
=	( (235.539	+	0)	/	1 )	/	357.878	*	365 / 4
=	235.539					/	357.878	*	365 / 4
=	60.06

Alankit Days Payable Related Terms

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Alankit (BOM:531082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Alankit Ltd (BOM:531082) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ALANKIT:India

Address

4E/2, Jhandewalan Extension, Alankit House, New Delhi, IND, 110055

Website

https://www.alankit.in

Alankit Ltd is an India-based company engaged in the provision of e-governance services. The company operates through two business segments namely E-Governance services and Financial Activities. It generates maximum revenue from the E-Governance services segment. The company offers services, such as permanent account number (PAN) applications, change in PAN particulars, e-tax deducted at source or e-tax collected at source returns in electronic mode from corporate and non-corporate assesses, digitization of paper returns filed with the income tax department, Unique Identification number enrolment for Aadhaar, and other services.

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