Orient Technologies (BOM:544235) Days Payable : 57.09 (As of Mar. 2024)

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What is Orient Technologies Days Payable?

Orient Technologies's average Accounts Payable for the six months ended in Mar. 2024 was ₹770 Mil. Orient Technologies's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹4,922 Mil. Hence, Orient Technologies's Days Payable for the six months ended in Mar. 2024 was 28.54.

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

BOM:544235' s Days Payable Range Over the Past 10 Years
Min: 54.39 Med: 57.09 Max: 63.46
Current: 57.09

During the past 3 years, Orient Technologies's highest Days Payable was 63.46. The lowest was 54.39. And the median was 57.09.

BOM:544235's Days Payable is ranked better than
55.01% of 2523 companies
in the Software industry
Industry Median: 48.75 vs BOM:544235: 57.09

Orient Technologies's Days Payable declined from Mar. 2022 (63.46) to Mar. 2024 (57.09). It may suggest that Orient Technologies accelerated paying its suppliers.

Orient Technologies Days Payable Historical Data

The historical data trend for Orient 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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Orient Technologies Days Payable Chart

Orient Technologies Annual Data

Trend

Mar22

Mar23

Mar24

Days Payable

63.46

54.39

57.09

Orient Technologies Semi-Annual Data
	Mar22	Mar23	Mar24
Days Payable	63.46	54.39	57.09

Competitive Comparison of Orient Technologies's Days Payable

For the Information Technology Services subindustry, Orient 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.

Orient Technologies's Days Payable Distribution in the Software Industry

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

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

Orient 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.

Orient 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
=	( (626.26	+	913.29)	/	2 )	/	4921.89	*	365
=	769.775					/	4921.89	*	365
=	57.09

Orient 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: Mar. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (626.26	+	913.29)	/	2 )	/	4921.89	*	365 / 2
=	769.775					/	4921.89	*	365 / 2
=	28.54

Orient Technologies Days Payable Related Terms

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Orient Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Orient Technologies Ltd (BOM:544235) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ORIENTTECH:India

Address

MIDC Central Road, 602, Ackruti Center Point, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.orientindia.in

Orient Technologies Ltd is an information technology (IT) solutions provider. It includes three segments: IT Infrastructure Products and Services segment which include products and solutions include Data Centre Solutions and End-User Computing. IT Enabled Services (IteS) segment include services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals. Cloud and Data Management Services segment include services include migration of workload from data centers to cloud. Key revenue is generated from IT Infrastructure segment.

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