Icodex Publishing Solutions (BOM:544483) Days Payable: 3.13 (As of Mar. 2026) — 94% Below Median

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BOM:544483 Icodex Publishing Solutions Ltd BOM:544483
22 GF Score
Price ₹36.69
! 4 Warning Signs
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What is Icodex Publishing Solutions Days Payable?

Icodex Publishing Solutions BOM:544483 -5.17% 22 Days Payable is 3.13 as of Mar. 2026, which is 94% below its 10-year median of 49.10. GuruFocus rates BOM:544483 with a GF Score™ of 22/100. The stock has 4 warning signs investors should review. Among 2,611 Software companies, Icodex Publishing Solutions ranks worse than 95.63% on this metric.

Icodex Publishing Solutions's average Accounts Payable for the six months ended in Mar. 2026 was ₹1.3 Mil. Icodex Publishing Solutions's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹76.6 Mil. Hence, Icodex Publishing Solutions's Days Payable for the six months ended in Mar. 2026 was 3.13.

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

BOM:544483' s Days Payable Range Over the Past 10 Years
Min: 5.22   Med: 49.1   Max: 65.47
Current: 5.22

During the past 5 years, Icodex Publishing Solutions's highest Days Payable was 65.47. The lowest was 5.22. And the median was 49.10.

BOM:544483's Days Payable is ranked worse than
95.63% of 2611 companies
in the Software industry
Industry Median: 51.93 vs BOM:544483: 5.22

Icodex Publishing Solutions's Days Payable declined from Mar. 2025 (18.13) to Mar. 2026 (3.13). It may suggest that Icodex Publishing Solutions accelerated paying its suppliers.


Icodex Publishing Solutions Days Payable Historical Data

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The historical data trend for Icodex Publishing 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.

Icodex Publishing Solutions Days Payable Chart

Icodex Publishing Solutions Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
65.47 57.75 49.10 15.20 5.30

Icodex Publishing Solutions Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Payable Get a 7-Day Free Trial 0.00 13.40 18.13 9.34 3.13

BOM:544483 vs QH, SHOP, UBER: Days Payable Comparison

For the Software - Application subindustry, Icodex Publishing 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.


Icodex Publishing Solutions Days Payable vs Software Industry

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

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


BOM:544483
22GF Score
Icodex Publishing Solutions Ltd BOM:544483
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Icodex Publishing 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.

Icodex Publishing Solutions's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (2.265 + 1.053) / 2 ) / 114.199*365
=1.659 / 114.199*365
=5.30

Icodex Publishing Solutions's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (1.579 + 1.053) / 2 ) / 76.632*365 / 2
=1.316 / 76.632*365 / 2
=3.13

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 3.13 mean?
Icodex Publishing Solutions (BOM:544483) has a Days Payable of 3.13 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Icodex Publishing Solutions and its competitors. This is 94% below median its historical median of 49.10. Over the past decade, Icodex Publishing Solutions' Days Payable has ranged from 5.22 to 65.47. According to the industry distribution chart, Icodex Publishing Solutions ranks #2497 out of 2611 companies in the Software industry, placing it in the top 95.6%.
Is Icodex Publishing Solutions' Days Payable too high?
Icodex Publishing Solutions' current Days Payable of 3.13 is 94% below median its 10-year median of 49.10. Over the past 10 years, this metric has ranged from a low of 5.22 to a high of 65.47. The Software industry median Days Payable is 51.93. Icodex Publishing Solutions' value of 3.13 is 94% below this industry median. Based on the distribution chart, Icodex Publishing Solutions ranks #2497 out of 2611 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Icodex Publishing Solutions has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Icodex Publishing Solutions' Days Payable compare to QH and SHOP?
According to the Software industry distribution chart, Icodex Publishing Solutions ranks #2497 out of 2611 companies for Days Payable. This places Icodex Publishing Solutions in the lower half of its industry. The industry median Days Payable is 51.93. Icodex Publishing Solutions' value of 3.13 is 94% below this benchmark. Historically, Icodex Publishing Solutions' own Days Payable has ranged from 5.22 to 65.47 over the past decade. While the company's 10-year median is 49.10 vs. the industry median of 51.93, Icodex Publishing Solutions has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 51.93, based on 2,611 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Icodex Publishing Solutions's current Days Payable of 3.13 is 94% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Icodex Publishing Solutions and its competitors. For the Software industry, the median Days Payable is 51.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icodex Publishing Solutions's current Days Payable is 3.13, which is 94% below median its own 10-year median of 49.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icodex Publishing Solutions stock overvalued right now?
Icodex Publishing Solutions (BOM:544483) has a current Days Payable of 3.13. The current Days Payable is 3.13, which is 94% below median its 10-year median of 49.10 and 94% below the Software industry median of 51.93. Icodex Publishing Solutions' overall GF Score™ is 22/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Icodex Publishing Solutions (BOM:544483), the current Days Payable is 3.13 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Icodex Publishing Solutions Business Description

Address 102, First Floor, Suman Business Park, Kalyani Nagar, Viman Nagar, Pune, MH, IND, 411014
Icodex Publishing Solutions Ltd is engaged in the business of Software Product Development for Scholarly Publishing. Its Software products help in publication of research papers, studies and academic articles; that help researchers, academicians, and scholars in their field of work. The company specializes in a developing and providing publishing products and software, which support the publishing process, i.e., from manuscript preparation till print and digital content distribution. It also provides Business Process Management services that support the publishing process with activities like Quality assurance checks, editorial services and back-end support to its Global Publishing Client.
22GF Score

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