Droneacharya Aerial Innovations (BOM:543713) Days Payable : 3.44 (As of Mar. 2024)

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What is Droneacharya Aerial Innovations Days Payable?

Droneacharya Aerial Innovations's average Accounts Payable for the six months ended in Mar. 2024 was ₹1.4 Mil. Droneacharya Aerial Innovations's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹71.9 Mil. Hence, Droneacharya Aerial Innovations's Days Payable for the six months ended in Mar. 2024 was 3.44.

The historical rank and industry rank for Droneacharya Aerial Innovations's Days Payable or its related term are showing as below:

BOM:543713' s Days Payable Range Over the Past 10 Years
Min: 10.98 Med: 46.62 Max: 58.21
Current: 33.32

During the past 5 years, Droneacharya Aerial Innovations's highest Days Payable was 58.21. The lowest was 10.98. And the median was 46.62.

BOM:543713's Days Payable is ranked worse than
84.91% of 2426 companies
in the Hardware industry
Industry Median: 68.08 vs BOM:543713: 33.32

Droneacharya Aerial Innovations's Days Payable declined from Mar. 2023 (57.90) to Mar. 2024 (3.44). It may suggest that Droneacharya Aerial Innovations accelerated paying its suppliers.

Droneacharya Aerial Innovations Days Payable Historical Data

The historical data trend for Droneacharya Aerial Innovations'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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Droneacharya Aerial Innovations Days Payable Chart

Droneacharya Aerial Innovations Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

10.98

58.21

46.62

Droneacharya Aerial Innovations Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial			-	-	57.90	361.36	3.44

Competitive Comparison of Droneacharya Aerial Innovations's Days Payable

For the Computer Hardware subindustry, Droneacharya Aerial Innovations'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.

Droneacharya Aerial Innovations's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Droneacharya Aerial Innovations's Days Payable distribution charts can be found below:

* The bar in red indicates where Droneacharya Aerial Innovations's Days Payable falls into.

Droneacharya Aerial Innovations 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.

Droneacharya Aerial Innovations'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
=	( (18.355	+	1.292)	/	2 )	/	76.914	*	365
=	9.8235					/	76.914	*	365
=	46.62

Droneacharya Aerial Innovations'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
=	( (1.418	+	1.292)	/	2 )	/	71.921	*	365 / 2
=	1.355					/	71.921	*	365 / 2
=	3.44

Droneacharya Aerial Innovations Days Payable Related Terms

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Droneacharya Aerial Innovations (BOM:543713) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Droneacharya Aerial Innovations Ltd (BOM:543713) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

New No. 51, (Old No.14) Richmond Road, Cabin No. - 10, 5th Floor, IndiQube Penta, Bangalore, KA, IND, 560025

Website

https://www.droneacharya.com

Droneacharya Aerial Innovations Ltd provides high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high configuration workstations, The main operations of the company are Imparting the Drone operation Training, Drone supply and Maintenance services , Management Consultancy and training services. Drone pilot training & specialized GIS training. The company's offerings can be classified into four broad categories namely, Training, Services, Surveillance and others.

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