Silver Touch Technologies (BOM:543525) Days Payable : 39.31 (As of Mar. 2024)

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What is Silver Touch Technologies Days Payable?

Silver Touch Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ₹205 Mil. Silver Touch Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹477 Mil. Hence, Silver Touch Technologies's Days Payable for the three months ended in Mar. 2024 was 39.31.

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

BOM:543525' s Days Payable Range Over the Past 10 Years
Min: 44.81 Med: 57.24 Max: 87.23
Current: 48.18

During the past 12 years, Silver Touch Technologies's highest Days Payable was 87.23. The lowest was 44.81. And the median was 57.24.

BOM:543525's Days Payable is ranked worse than
51.05% of 2523 companies
in the Software industry
Industry Median: 49.5 vs BOM:543525: 48.18

Silver Touch Technologies's Days Payable declined from Mar. 2023 (2,047.65) to Mar. 2024 (39.31). It may suggest that Silver Touch Technologies accelerated paying its suppliers.

Silver Touch Technologies Days Payable Historical Data

The historical data trend for Silver Touch 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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Silver Touch Technologies Days Payable Chart

Silver Touch Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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45.08

57.97

87.23

77.12

56.50

Silver Touch Technologies Quarterly Data
	Jun17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															2,047.65	73.36	32.36	36.69	39.31

Competitive Comparison of Silver Touch Technologies's Days Payable

For the Information Technology Services subindustry, Silver Touch 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.

Silver Touch Technologies's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Silver Touch Technologies's Days Payable falls into.

Silver Touch 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.

Silver Touch 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
=	( (232.232	+	205.3)	/	2 )	/	1413.203	*	365
=	218.766					/	1413.203	*	365
=	56.50

Silver Touch 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	+	205.3)	/	1 )	/	476.511	*	365 / 4
=	205.3					/	476.511	*	365 / 4
=	39.31

Silver Touch Technologies Days Payable Related Terms

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Silver Touch Technologies (BOM:543525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Silver Touch Technologies Ltd (BOM:543525) » Definitions » Days Payable

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SILVERTUC:India

Address

2nd Floor, Saffron Tower, Near Panchwati Circle, Ambawadi, Ahmedabad, GJ, IND, 380006

Website

https://www.silvertouch.com

Silver Touch Technologies Ltd provides information technology (IT) solutions in India and internationally. The company provides solutions including Software Development, Offshoring, IT Infrastructure, Web Modernization, Workforce portability, and Mobile App development. The company also provides consulting services which include Information security, Content management, Product development, and Cloud computing. It caters its services to India and the international market and generates revenue from the same.

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