Ahasolar Technologies (BOM:543941) Days Payable : 17.36 (As of Sep. 2024)

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What is Ahasolar Technologies Days Payable?

Ahasolar Technologies's average Accounts Payable for the six months ended in Sep. 2024 was ₹22.5 Mil. Ahasolar Technologies's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹236.4 Mil. Hence, Ahasolar Technologies's Days Payable for the six months ended in Sep. 2024 was 17.36.

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

BOM:543941' s Days Payable Range Over the Past 10 Years
Min: 1.74 Med: 8.12 Max: 2892.95
Current: 16.4

During the past 5 years, Ahasolar Technologies's highest Days Payable was 2892.95. The lowest was 1.74. And the median was 8.12.

BOM:543941's Days Payable is ranked worse than
83.91% of 2535 companies
in the Software industry
Industry Median: 49.09 vs BOM:543941: 16.40

Ahasolar Technologies's Days Payable increased from Sep. 2023 (1.98) to Sep. 2024 (17.36). It may suggest that Ahasolar Technologies delayed paying its suppliers.

Ahasolar Technologies Days Payable Historical Data

The historical data trend for Ahasolar 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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Ahasolar Technologies Days Payable Chart

Ahasolar Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

2,892.95

496.17

8.12

5.49

1.74

Ahasolar Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial			9.51	7.43	1.98	1.62	17.36

Competitive Comparison of Ahasolar Technologies's Days Payable

For the Software - Application subindustry, Ahasolar 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.

Ahasolar Technologies's Days Payable Distribution in the Software Industry

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

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

Ahasolar 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.

Ahasolar 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
=	( (1.372	+	2.344)	/	2 )	/	390.169	*	365
=	1.858					/	390.169	*	365
=	1.74

Ahasolar Technologies's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (2.344	+	42.627)	/	2 )	/	236.439	*	365 / 2
=	22.4855					/	236.439	*	365 / 2
=	17.36

Ahasolar Technologies Days Payable Related Terms

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Ahasolar Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ahasolar Technologies Ltd (BOM:543941) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sattadhar Cross Road, Office No. 207, Kalasagar Shopping Hub, Opposite Saibaba Temple, Ghatlodiya, Ahmedabad, GJ, IND, 380061

Website

https://www.ahasolar.in

Ahasolar Technologies Ltd is engaged in the business of Cleantech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy. Its primary focus in renewable energy has been in the solar industry and to cater to it the company developed an AI-based intelligent Solar Digital Platform. The company has developed Software as a Service (SaaS) products for solar companies. These products streamline processes, design PV, manage projects, and monitor generation. In addition, the company offers an integrated Marketplace to digitally connect supply and demand. The core businesses of the company include Solar Software Services, Solar Marketplace, and Solar Advisory and Consultancy services.

Ahasolar Technologies Headlines

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