Net Avenue Technologies (NSE:CBAZAAR) Days Payable : 241.21 (As of Mar. 2024)

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What is Net Avenue Technologies Days Payable?

Net Avenue Technologies's average Accounts Payable for the six months ended in Mar. 2024 was ₹38.1 Mil. Net Avenue Technologies's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹57.7 Mil. Hence, Net Avenue Technologies's Days Payable for the six months ended in Mar. 2024 was 120.60.

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

NSE:CBAZAAR' s Days Payable Range Over the Past 10 Years
Min: 162.31 Med: 220.34 Max: 267.26
Current: 241.21

During the past 4 years, Net Avenue Technologies's highest Days Payable was 267.26. The lowest was 162.31. And the median was 220.34.

NSE:CBAZAAR's Days Payable is ranked better than
92.94% of 1090 companies
in the Retail - Cyclical industry
Industry Median: 54.4 vs NSE:CBAZAAR: 241.21

Net Avenue Technologies's Days Payable increased from Mar. 2022 (199.47) to Mar. 2024 (241.21). It may suggest that Net Avenue Technologies delayed paying its suppliers.

Net Avenue Technologies Days Payable Historical Data

The historical data trend for Net Avenue 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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Net Avenue Technologies Days Payable Chart

Net Avenue Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

267.26

199.47

162.31

241.21

Net Avenue Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Days Payable	267.26	199.47	162.31	241.21

Competitive Comparison of Net Avenue Technologies's Days Payable

For the Internet Retail subindustry, Net Avenue 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.

Net Avenue Technologies's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Net Avenue Technologies's Days Payable distribution charts can be found below:

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

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Net Avenue 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.

Net Avenue 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
=	( (50.554	+	25.671)	/	2 )	/	57.673	*	365
=	38.1125					/	57.673	*	365
=	241.21

Net Avenue 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
=	( (50.554	+	25.671)	/	2 )	/	57.673	*	365 / 2
=	38.1125					/	57.673	*	365 / 2
=	120.60

Net Avenue Technologies Days Payable Related Terms

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Net Avenue Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Net Avenue Technologies Ltd (NSE:CBAZAAR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor Prithvi Avenue, New No. 16, Old No. 13, 1st, Alwarpet, Chennai, TN, IND, 600018

Website

https://www.natl.in

Net Avenue Technologies Ltd is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. Its core business sells Indian Ethnic wear and accessories, catering to the South Asian Diaspora and its product range includes Indian ethnic wear and accessories for women, men, teens, and kids. The company distributes its products through various prominent E-commerce platforms, including but not limited to Myntra, Nykaa, and Ajio, among others.

Net Avenue Technologies Headlines

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