Commex Technology (BOM:532342) Days Payable : 77.29 (As of Dec. 2020)

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What is Commex Technology Days Payable?

Commex Technology's average Accounts Payable for the three months ended in Dec. 2020 was ₹0.14 Mil. Commex Technology's Cost of Goods Sold for the three months ended in Dec. 2020 was ₹0.17 Mil. Hence, Commex Technology's Days Payable for the three months ended in Dec. 2020 was 77.29.

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

BOM:532342's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 49.81
* Ranked among companies with meaningful Days Payable only.

Commex Technology's Days Payable declined from Dec. 2019 (81.99) to Dec. 2020 (77.29). It may suggest that Commex Technology accelerated paying its suppliers.

Commex Technology Days Payable Historical Data

The historical data trend for Commex Technology'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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Commex Technology Days Payable Chart

Commex Technology Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Days Payable

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21.57

64.71

100.43

66.68

Commex Technology Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Days Payable	Get a 7-Day Free Trial															81.99	35.79	56.64	60.72	77.29

Competitive Comparison of Commex Technology's Days Payable

For the Software - Infrastructure subindustry, Commex Technology'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.

Commex Technology's Days Payable Distribution in the Software Industry

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

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

Commex Technology 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.

Commex Technology's Days Payable for the fiscal year that ended in Mar. 2020 is calculated as

	Days Payable (A: Mar. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2019 )	+	Accounts Payable (A: Mar. 2020 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2020 )	*	Days in Period
=	( (0.136	+	0.111)	/	2 )	/	0.676	*	365
=	0.1235					/	0.676	*	365
=	66.68

Commex Technology's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

	Days Payable (Q: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2020 )	+	Accounts Payable (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (0.144	+	0)	/	1 )	/	0.17	*	365 / 4
=	0.144					/	0.17	*	365 / 4
=	77.29

Commex Technology Days Payable Related Terms

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Commex Technology (BOM:532342) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Commex Technology Ltd (BOM:532342) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Old Nagardas Road, B-401, Unit No.- 42, 4th Floor, Vasudev Chamber, Opposite Wilson Pen Company, Andheri (East), Mumbai, MH, IND, 400069

Website

http://www.commextechnology.com

Commex Technology Ltd is a technology and consulting service provider. The company is primarily engaged in the provision of software products and solutions to the capital and commodities markets. In addition, the company provides IT consulting services and solutions. Its services include custom application development, application management, package implementation, onsite consultancy, offshore outsourcing and information technology consulting.

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