Quick Heal Technologies (BOM:539678) Days Payable : 79.28 (As of Mar. 2024)

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What is Quick Heal Technologies Days Payable?

Quick Heal Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ₹399 Mil. Quick Heal Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹459 Mil. Hence, Quick Heal Technologies's Days Payable for the three months ended in Mar. 2024 was 79.28.

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

BOM:539678' s Days Payable Range Over the Past 10 Years
Min: 89.27 Med: 118.88 Max: 125.74
Current: 89.27

During the past 10 years, Quick Heal Technologies's highest Days Payable was 125.74. The lowest was 89.27. And the median was 118.88.

BOM:539678's Days Payable is ranked better than
65.88% of 2532 companies
in the Software industry
Industry Median: 50.275 vs BOM:539678: 89.27

Quick Heal Technologies's Days Payable declined from Mar. 2023 (112.67) to Mar. 2024 (79.28). It may suggest that Quick Heal Technologies accelerated paying its suppliers.

Quick Heal Technologies Days Payable Historical Data

The historical data trend for Quick Heal Technologies'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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Quick Heal Technologies Days Payable Chart

Quick Heal Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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118.16

125.74

121.41

109.25

91.83

Quick Heal Technologies 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															112.67	109.96	84.54	80.70	79.28

Competitive Comparison of Quick Heal Technologies's Days Payable

For the Software - Application subindustry, Quick Heal Technologies'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.

Quick Heal Technologies's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Quick Heal Technologies's Days Payable falls into.

Quick Heal Technologies 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.

Quick Heal Technologies'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
=	( (486.1	+	398.8)	/	2 )	/	1758.6	*	365
=	442.45					/	1758.6	*	365
=	91.83

Quick Heal Technologies'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	+	398.8)	/	1 )	/	459	*	365 / 4
=	398.8					/	459	*	365 / 4
=	79.28

Quick Heal Technologies Days Payable Related Terms

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Quick Heal Technologies (BOM:539678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quick Heal Technologies Ltd (BOM:539678) » Definitions » Days Payable

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QUICKHEAL:India

Address

7th Floor, Viman Nagar, Marvel Edge, Office Number 7010 C & D, Opposite Neco Garden Society, Pune, MH, IND, 411014

Website

https://www.quickheal.com

Quick Heal Technologies Ltd is an India-based IT security solutions company. It is engaged in offering software security products and solutions. The company serves clients in various industries including manufacturing, BFSI, healthcare, hospitality, educational institutions, government organizations, emerging e-commerce, and the service sector. The group reports the operating segments based on the target customer groups to bring Retail; Enterprise and Government; and Mobile. It has a business presence in India and foreign countries, of which maximum revenue is derived within India. Its product range consists of Quick Heal Total Security, Quick Heal Internet Security, Quick Heal AntiVirus Pro, Quick Heal Total Security for Mac, Quick Heal PCTuner 3.0, and Guardian NetSecure.

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