Virinchi (BOM:532372) Days Payable : 20.77 (As of Mar. 2024)

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What is Virinchi Days Payable?

Virinchi's average Accounts Payable for the three months ended in Mar. 2024 was ₹70 Mil. Virinchi's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹309 Mil. Hence, Virinchi's Days Payable for the three months ended in Mar. 2024 was 20.77.

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

BOM:532372' s Days Payable Range Over the Past 10 Years
Min: 17.03 Med: 348.33 Max: 23500.9
Current: 17.03

During the past 13 years, Virinchi's highest Days Payable was 23500.90. The lowest was 17.03. And the median was 348.33.

BOM:532372's Days Payable is ranked worse than
83.4% of 2536 companies
in the Software industry
Industry Median: 50.42 vs BOM:532372: 17.03

Virinchi's Days Payable increased from Mar. 2023 (17.69) to Mar. 2024 (20.77). It may suggest that Virinchi delayed paying its suppliers.

Virinchi Days Payable Historical Data

The historical data trend for Virinchi'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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Virinchi Days Payable Chart

Virinchi Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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238.06

153.69

24.76

22.15

19.40

Virinchi Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															17.69	17.28	11.81	13.18	20.77

Competitive Comparison of Virinchi's Days Payable

For the Software - Application subindustry, Virinchi'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.

Virinchi's Days Payable Distribution in the Software Industry

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

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

Virinchi 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.

Virinchi'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
=	( (50.779	+	70.33)	/	2 )	/	1139.089	*	365
=	60.5545					/	1139.089	*	365
=	19.40

Virinchi's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	70.33)	/	1 )	/	308.986	*	365 / 4
=	70.33					/	308.986	*	365 / 4
=	20.77

Virinchi Days Payable Related Terms

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Virinchi (BOM:532372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Virinchi Ltd (BOM:532372) » Definitions » Days Payable

Comparable Companies

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VIRINCHI:India

Address

Road Number 1, 8-2-672 / 5 & 6, 4th Floor, IIyas Mohammed Khan Estate, Banjara Hills, Hyderabad, TG, IND, 500034

Website

https://www.virinchi.com

Virinchi Ltd is an Indian information technology (IT) products and services company engaged in software development and research. The firm's segments include the development of Computer Software and Services and IT Enabled Services. The company's products and solutions include QFund, vCard, V23, KSoft, Virinchi Hospitals chain, and Bristlecone Hospitals. The company generates key revenue from Healthcare Services and North America.

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