Integrated Hitech (BOM:532303) Days Payable : 493.08 (As of Sep. 2024)

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What is Integrated Hitech Days Payable?

Integrated Hitech's average Accounts Payable for the three months ended in Sep. 2024 was ₹0.90 Mil. Integrated Hitech's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹0.17 Mil. Hence, Integrated Hitech's Days Payable for the three months ended in Sep. 2024 was 493.08.

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

BOM:532303' s Days Payable Range Over the Past 10 Years
Min: 30.47 Med: 51.55 Max: 464.53
Current: 464.53

During the past 13 years, Integrated Hitech's highest Days Payable was 464.53. The lowest was 30.47. And the median was 51.55.

BOM:532303's Days Payable is ranked better than
92.55% of 2523 companies
in the Software industry
Industry Median: 48.75 vs BOM:532303: 464.53

Integrated Hitech's Days Payable declined from Sep. 2023 (1,183.24) to Sep. 2024 (493.08). It may suggest that Integrated Hitech accelerated paying its suppliers.

Integrated Hitech Days Payable Historical Data

The historical data trend for Integrated Hitech'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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Integrated Hitech Days Payable Chart

Integrated Hitech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

30.47

31.07

226.09

180.55

Integrated Hitech Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															1,183.24	1,357.25	59.04	484.47	493.08

Competitive Comparison of Integrated Hitech's Days Payable

For the Software - Application subindustry, Integrated Hitech'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.

Integrated Hitech's Days Payable Distribution in the Software Industry

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

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

Integrated Hitech 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.

Integrated Hitech'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
=	( (0.778	+	0.515)	/	2 )	/	1.307	*	365
=	0.6465					/	1.307	*	365
=	180.55

Integrated Hitech's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	0.897)	/	1 )	/	0.166	*	365 / 4
=	0.897					/	0.166	*	365 / 4
=	493.08

Integrated Hitech Days Payable Related Terms

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Integrated Hitech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Integrated Hitech Ltd (BOM:532303) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Montieth Road, 150/115-116, 3rd Floor, Cisons Complex, Egmore, Chennai, TN, IND, 600008

Website

http://easitax.com

Integrated Hitech Ltd specializing in Income Tax software and services. It has advanced software labs and training centers at Chennai and overseas. The company derives revenue from a single segment Software Development and services.

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