Innovatus Entertainment Networks (BOM:543951) Days Payable : 54.26 (As of Mar. 2024)

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What is Innovatus Entertainment Networks Days Payable?

Innovatus Entertainment Networks's average Accounts Payable for the six months ended in Mar. 2024 was ₹31.1 Mil. Innovatus Entertainment Networks's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹104.5 Mil. Hence, Innovatus Entertainment Networks's Days Payable for the six months ended in Mar. 2024 was 54.26.

The historical rank and industry rank for Innovatus Entertainment Networks's Days Payable or its related term are showing as below:

BOM:543951' s Days Payable Range Over the Past 10 Years
Min: 34.31 Med: 43.24 Max: 52.17
Current: 48.41

During the past 5 years, Innovatus Entertainment Networks's highest Days Payable was 52.17. The lowest was 34.31. And the median was 43.24.

BOM:543951's Days Payable is ranked worse than
64.57% of 923 companies
in the Media - Diversified industry
Industry Median: 81.72 vs BOM:543951: 48.41

Innovatus Entertainment Networks's Days Payable declined from Mar. 2023 (55.81) to Mar. 2024 (54.26). It may suggest that Innovatus Entertainment Networks accelerated paying its suppliers.

Innovatus Entertainment Networks Days Payable Historical Data

The historical data trend for Innovatus Entertainment Networks'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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Innovatus Entertainment Networks Days Payable Chart

Innovatus Entertainment Networks Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

34.31

52.17

Innovatus Entertainment Networks Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial			-	27.96	55.81	36.30	54.26

Competitive Comparison of Innovatus Entertainment Networks's Days Payable

For the Advertising Agencies subindustry, Innovatus Entertainment Networks'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.

Innovatus Entertainment Networks's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Innovatus Entertainment Networks's Days Payable distribution charts can be found below:

* The bar in red indicates where Innovatus Entertainment Networks's Days Payable falls into.

Innovatus Entertainment Networks 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.

Innovatus Entertainment Networks'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
=	( (10.812	+	41.608)	/	2 )	/	183.387	*	365
=	26.21					/	183.387	*	365
=	52.17

Innovatus Entertainment Networks'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
=	( (20.553	+	41.608)	/	2 )	/	104.546	*	365 / 2
=	31.0805					/	104.546	*	365 / 2
=	54.26

Innovatus Entertainment Networks Days Payable Related Terms

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Innovatus Entertainment Networks (BOM:543951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Innovatus Entertainment Networks Ltd (BOM:543951) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off New Link Road, 407, Crescent Royale, Andheri West, Mumbai, MH, IND, 400053

Website

https://www.innovatus.info

Innovatus Entertainment Networks Ltd is a creative platform for complete Infotainment with a 360-degree solution. The company offers all the Direct marketing solutions- Management, CRM, B2B and B2C, Activations and Exhibitions. The company focuses on concept development to creatives to a total turn-key presentation and on-ground execution.

Innovatus Entertainment Networks (BOM:543951) Headlines

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