L&T Technology Services (BOM:540115) Days Payable : 105.67 (As of Mar. 2024)

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What is L&T Technology Services Days Payable?

L&T Technology Services's average Accounts Payable for the three months ended in Mar. 2024 was ₹14,117 Mil. L&T Technology Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹12,191 Mil. Hence, L&T Technology Services's Days Payable for the three months ended in Mar. 2024 was 105.67.

The historical rank and industry rank for L&T Technology Services's Days Payable or its related term are showing as below:

BOM:540115' s Days Payable Range Over the Past 10 Years
Min: 21.21 Med: 30.87 Max: 77.63
Current: 77.63

During the past 10 years, L&T Technology Services's highest Days Payable was 77.63. The lowest was 21.21. And the median was 30.87.

BOM:540115's Days Payable is ranked better than
61.97% of 2524 companies
in the Software industry
Industry Median: 50.7 vs BOM:540115: 77.63

L&T Technology Services's Days Payable increased from Mar. 2023 (34.70) to Mar. 2024 (105.67). It may suggest that L&T Technology Services delayed paying its suppliers.

L&T Technology Services Days Payable Historical Data

The historical data trend for L&T Technology Services'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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L&T Technology Services Days Payable Chart

L&T Technology Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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21.21

22.94

30.39

33.26

68.94

L&T Technology Services 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															34.70	33.83	94.31	93.39	105.67

Competitive Comparison of L&T Technology Services's Days Payable

For the Information Technology Services subindustry, L&T Technology Services'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.

L&T Technology Services's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, L&T Technology Services's Days Payable distribution charts can be found below:

* The bar in red indicates where L&T Technology Services's Days Payable falls into.

L&T Technology Services 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.

L&T Technology Services'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
=	( (4505	+	14117)	/	2 )	/	49298	*	365
=	9311					/	49298	*	365
=	68.94

L&T Technology Services'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	+	14117)	/	1 )	/	12191	*	365 / 4
=	14117					/	12191	*	365 / 4
=	105.67

L&T Technology Services Days Payable Related Terms

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L&T Technology Services (BOM:540115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » L&T Technology Services Ltd (BOM:540115) » Definitions » Days Payable

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LTTS:India

Address

National Highway No. 8, Ajwa Waghodia Crossing, 5th Floor, West Block-II, L&T Knowledge City (IT/ITES) SEZ, Vadodara, GJ, IND, 390 019

Website

https://www.ltts.com

L&T Technology Services Ltd is a provider of engineering and research services in connection to embedded systems and other engineering support services. The company's operating segments include Transportation; Industrial Products; Telecom and Hi-tech; Plant Engineering and Medical Devices. It generates maximum revenue from the Transportation segment. The transportation segment offers engineering services and solutions to the transportation industry, which includes OEM and Tier 1 suppliers in the automotive, trucks and off-highway vehicles, aerospace, and rail industries. Geographically, it derives a majority of its revenue from North America.

L&T Technology Services (BOM:540115) Headlines

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