Twinstar Industries (BOM:531917) Days Payable : 53,179.11 (As of Dec. 2021)

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What is Twinstar Industries Days Payable?

Twinstar Industries's average Accounts Payable for the three months ended in Dec. 2021 was ₹268.08 Mil. Twinstar Industries's Cost of Goods Sold for the three months ended in Dec. 2021 was ₹0.46 Mil. Hence, Twinstar Industries's Days Payable for the three months ended in Dec. 2021 was 53,179.11.

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

BOM:531917's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.13
* Ranked among companies with meaningful Days Payable only.

Twinstar Industries's Days Payable declined from Dec. 2020 (66,544.30) to Dec. 2021 (53,179.11). It may suggest that Twinstar Industries accelerated paying its suppliers.

Twinstar Industries Days Payable Historical Data

The historical data trend for Twinstar Industries'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.

* Premium members only.

Twinstar Industries Days Payable Chart

Twinstar Industries Annual Data

Trend

Mar11

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Days Payable

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40.74

31.14

66.75

592.50

3,558.78

Twinstar Industries Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Days Payable	Get a 7-Day Free Trial															66,544.30	927.79	-	-	53,179.11

Competitive Comparison of Twinstar Industries's Days Payable

For the Information Technology Services subindustry, Twinstar Industries'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.

Twinstar Industries's Days Payable Distribution in the Software Industry

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

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

Twinstar Industries 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.

Twinstar Industries's Days Payable for the fiscal year that ended in Mar. 2021 is calculated as

	Days Payable (A: Mar. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2020 )	+	Accounts Payable (A: Mar. 2021 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2021 )	*	Days in Period
=	( (267.914	+	268.068)	/	2 )	/	27.486	*	365
=	267.991					/	27.486	*	365
=	3,558.78

Twinstar Industries's Days Payable for the quarter that ended in Dec. 2021 is calculated as:

	Days Payable (Q: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2021 )	+	Accounts Payable (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (268.081	+	0)	/	1 )	/	0.46	*	365 / 4
=	268.081					/	0.46	*	365 / 4
=	53,179.11

Twinstar Industries Days Payable Related Terms

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Twinstar Industries (BOM:531917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Twinstar Industries Ltd (BOM:531917) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

TTC MIDC Industrial Area, Plot No. EL178, Mahape, Navi Mumbai, MH, IND, 400701

Website

https://www.twinstar.in

Twinstar Industries Ltd is engaged in providing trading services and internet protocol-based software solutions coupled with information technology services. The company also focuses on business intelligence and analytics services, infrastructure management services, testing and compliance, and others. It provides solutions for government, manufacturing, retail, distribution, telecom, and healthcare.

Twinstar Industries (BOM:531917) Headlines

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