Wherrelz IT Solutions (BOM:543436) Days Payable : 16.27 (As of Mar. 2024)

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What is Wherrelz IT Solutions Days Payable?

Wherrelz IT Solutions's average Accounts Payable for the six months ended in Mar. 2024 was ₹0.16 Mil. Wherrelz IT Solutions's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹1.74 Mil. Hence, Wherrelz IT Solutions's Days Payable for the six months ended in Mar. 2024 was 16.27.

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

BOM:543436' s Days Payable Range Over the Past 10 Years
Min: 5.76 Med: 8.08 Max: 174.39
Current: 9.86

During the past 6 years, Wherrelz IT Solutions's highest Days Payable was 174.39. The lowest was 5.76. And the median was 8.08.

BOM:543436's Days Payable is ranked worse than
91.81% of 2526 companies
in the Software industry
Industry Median: 49.695 vs BOM:543436: 9.86

Wherrelz IT Solutions's Days Payable increased from Mar. 2023 (7.11) to Mar. 2024 (16.27). It may suggest that Wherrelz IT Solutions delayed paying its suppliers.

Wherrelz IT Solutions Days Payable Historical Data

The historical data trend for Wherrelz IT Solutions'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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Wherrelz IT Solutions Days Payable Chart

Wherrelz IT Solutions Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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174.39

7.80

8.35

5.76

Wherrelz IT Solutions Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial				41.25	8.98	7.11	11.35	16.27

Competitive Comparison of Wherrelz IT Solutions's Days Payable

For the Information Technology Services subindustry, Wherrelz IT Solutions'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.

Wherrelz IT Solutions's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Wherrelz IT Solutions's Days Payable falls into.

Wherrelz IT Solutions 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.

Wherrelz IT Solutions'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
=	( (0.054	+	0)	/	1 )	/	3.42	*	365
=	0.054					/	3.42	*	365
=	5.76

Wherrelz IT Solutions'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.155	+	0)	/	1 )	/	1.739	*	365 / 2
=	0.155					/	1.739	*	365 / 2
=	16.27

Wherrelz IT Solutions Days Payable Related Terms

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Wherrelz IT Solutions (BOM:543436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wherrelz IT Solutions Ltd (BOM:543436) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 15, Road 10, Sector 1, New Panvel East, Raigarh, MH, IND, 410 206

Website

https://www.wherrelz.in

Wherrelz IT Solutions Ltd is engaged in the business of web-centric, multi-spectrum IT Product development and maintenance and provision of IT Consultancy. The company provides a wide range of services such as Enterprise Risk Management, Enterprise Resource Planning, E-Commerce, Application programming interface, Cyber Security, Internet of Things, cloud-based tools and others through standard software development model or customized software development model depending upon the requirement of the clients.

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