Veefin Solutions (BOM:543931) Days Payable : 157.95 (As of Mar. 2024)

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What is Veefin Solutions Days Payable?

Veefin Solutions's average Accounts Payable for the six months ended in Mar. 2024 was ₹36.6 Mil. Veefin Solutions's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹42.3 Mil. Hence, Veefin Solutions's Days Payable for the six months ended in Mar. 2024 was 157.95.

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

BOM:543931' s Days Payable Range Over the Past 10 Years
Min: 27.68 Med: 71.3 Max: 213.83
Current: 190.78

During the past 4 years, Veefin Solutions's highest Days Payable was 213.83. The lowest was 27.68. And the median was 71.30.

BOM:543931's Days Payable is ranked better than
83.21% of 2526 companies
in the Software industry
Industry Median: 49.695 vs BOM:543931: 190.78

Veefin Solutions's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (157.95). It may suggest that Veefin Solutions delayed paying its suppliers.

Veefin Solutions Days Payable Historical Data

The historical data trend for Veefin 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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Veefin Solutions Days Payable Chart

Veefin Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

27.68

85.72

56.87

213.83

Veefin Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Days Payable	-	-	-	211.73	157.95

Competitive Comparison of Veefin Solutions's Days Payable

For the Software - Infrastructure subindustry, Veefin 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.

Veefin Solutions's Days Payable Distribution in the Software Industry

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

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

Veefin 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.

Veefin 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	+	41.048)	/	1 )	/	70.067	*	365
=	41.048					/	70.067	*	365
=	213.83

Veefin 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
=	( (32.197	+	41.048)	/	2 )	/	42.315	*	365 / 2
=	36.6225					/	42.315	*	365 / 2
=	157.95

Veefin Solutions Days Payable Related Terms

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Veefin Solutions (BOM:543931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veefin Solutions Ltd (BOM:543931) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kirol Road, Office No-601, 602 & 603, Neelkanth Corporate IT Park, Vidhyavihar, Mumbai, MH, IND, 400 086

Website

https://www.veefin.com

Veefin Solutions Ltd is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain Finance is a financial tool that is used to help businesses manage their cash flows and improve their working capital. The company provides its product solutions to a wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are offerings, which are designed with a user-led approach, data, and analytics, and built by experienced bankers for bankers. The company operates in two segments; Supply Chain Finance Technology Solutions and Digital Lending Suite Solutions.

Veefin Solutions (BOM:543931) Headlines

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