Virtualsoft Systems (BOM:531126) Days Payable : 82.11 (As of Dec. 2023)

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What is Virtualsoft Systems Days Payable?

Virtualsoft Systems's average Accounts Payable for the three months ended in Dec. 2023 was ₹11.49 Mil. Virtualsoft Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹12.77 Mil. Hence, Virtualsoft Systems's Days Payable for the three months ended in Dec. 2023 was 82.11.

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

BOM:531126' s Days Payable Range Over the Past 10 Years
Min: 28.08 Med: 50.17 Max: 84.3
Current: 77.43

During the past 13 years, Virtualsoft Systems's highest Days Payable was 84.30. The lowest was 28.08. And the median was 50.17.

BOM:531126's Days Payable is ranked better than
61.9% of 2538 companies
in the Software industry
Industry Median: 50.19 vs BOM:531126: 77.43

Virtualsoft Systems's Days Payable increased from Dec. 2022 (57.75) to Dec. 2023 (82.11). It may suggest that Virtualsoft Systems delayed paying its suppliers.

Virtualsoft Systems Days Payable Historical Data

The historical data trend for Virtualsoft Systems'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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Virtualsoft Systems Days Payable Chart

Virtualsoft Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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49.80

33.06

84.30

77.94

76.60

Virtualsoft Systems 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															57.75	72.35	125.67	84.87	82.11

Competitive Comparison of Virtualsoft Systems's Days Payable

For the Information Technology Services subindustry, Virtualsoft Systems'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.

Virtualsoft Systems's Days Payable Distribution in the Software Industry

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

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

Virtualsoft Systems 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.

Virtualsoft Systems'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
=	( (8.241	+	13.51)	/	2 )	/	51.824	*	365
=	10.8755					/	51.824	*	365
=	76.60

Virtualsoft Systems'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
=	( (11.488	+	0)	/	1 )	/	12.766	*	365 / 4
=	11.488					/	12.766	*	365 / 4
=	82.11

Virtualsoft Systems Days Payable Related Terms

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Virtualsoft Systems (BOM:531126) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Virtualsoft Systems Ltd (BOM:531126) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

59, Okhla Industrial Estate, Phase-III, New Delhi, IND, 110020

Website

http://www.virtsoft.com

Virtualsoft Systems Ltd is an Indian firm engaged in roaming, communications, and collaboration platforms, apps, and solutions to provide consumers and enterprises with communication services. The firm offers Pioneering Broadband, Virtual Event, and Providing Mobile Roaming Services and Solutions. It operates only in the Indian market. Its product line consists of Vreach, V code. Substantial revenue is generated from sales within India.

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