Rategain Travel Technologies (BOM:543417) Days Payable : 75.90 (As of Mar. 2024)

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What is Rategain Travel Technologies Days Payable?

Rategain Travel Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ₹803 Mil. Rategain Travel Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹965 Mil. Hence, Rategain Travel Technologies's Days Payable for the three months ended in Mar. 2024 was 75.90.

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

BOM:543417' s Days Payable Range Over the Past 10 Years
Min: 78.08 Med: 83.84 Max: 89.59
Current: 81.1

During the past 6 years, Rategain Travel Technologies's highest Days Payable was 89.59. The lowest was 78.08. And the median was 83.84.

BOM:543417's Days Payable is ranked better than
63.13% of 2536 companies
in the Software industry
Industry Median: 50.1 vs BOM:543417: 81.10

Rategain Travel Technologies's Days Payable declined from Mar. 2023 (97.80) to Mar. 2024 (75.90). It may suggest that Rategain Travel Technologies accelerated paying its suppliers.

Rategain Travel Technologies Days Payable Historical Data

The historical data trend for Rategain Travel 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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Rategain Travel Technologies Days Payable Chart

Rategain Travel Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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89.59

78.08

Rategain Travel Technologies Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											97.80	85.34	87.74	81.86	75.90

Competitive Comparison of Rategain Travel Technologies's Days Payable

For the Software - Application subindustry, Rategain Travel 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.

Rategain Travel Technologies's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Rategain Travel Technologies's Days Payable falls into.

Rategain Travel 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.

Rategain Travel 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
=	( (822.65	+	802.71)	/	2 )	/	3799.07	*	365
=	812.68					/	3799.07	*	365
=	78.08

Rategain Travel 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	+	802.71)	/	1 )	/	965.06	*	365 / 4
=	802.71					/	965.06	*	365 / 4
=	75.90

Rategain Travel Technologies Days Payable Related Terms

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Rategain Travel Technologies (BOM:543417) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rategain Travel Technologies Ltd (BOM:543417) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RATEGAIN:India

Address

Plot No. A-3,4,5, Sector 125, Club 125, 4th, Prius Global, Noida, UP, IND, 201 301

Website

https://www.rategain.com

Rategain Travel Technologies Ltd is a SaaS company in the hospitality and travel industry offering solutions across a wide spectrum of verticals including hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. Geographically, it derives a majority of its revenue from the United Kingdom.

Rategain Travel Technologies (BOM:543417) Headlines

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