Cambridge Technology Enterprises (NSE:CTE) Days Payable : 14.73 (As of Dec. 2024)

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What is Cambridge Technology Enterprises Days Payable?

Cambridge Technology Enterprises's average Accounts Payable for the three months ended in Dec. 2024 was ₹71 Mil. Cambridge Technology Enterprises's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹442 Mil. Hence, Cambridge Technology Enterprises's Days Payable for the three months ended in Dec. 2024 was 14.73.

The historical rank and industry rank for Cambridge Technology Enterprises's Days Payable or its related term are showing as below:

NSE:CTE' s Days Payable Range Over the Past 10 Years
Min: 8.19 Med: 24.63 Max: 35.71
Current: 11.88

During the past 13 years, Cambridge Technology Enterprises's highest Days Payable was 35.71. The lowest was 8.19. And the median was 24.63.

NSE:CTE's Days Payable is ranked worse than
89.1% of 2551 companies
in the Software industry
Industry Median: 50.93 vs NSE:CTE: 11.88

Cambridge Technology Enterprises's Days Payable increased from Dec. 2023 (0.00) to Dec. 2024 (14.73). It may suggest that Cambridge Technology Enterprises delayed paying its suppliers.

Cambridge Technology Enterprises Days Payable Historical Data

The historical data trend for Cambridge Technology Enterprises'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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Cambridge Technology Enterprises Days Payable Chart

Cambridge Technology Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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13.67

35.71

31.75

8.19

10.80

Cambridge Technology Enterprises Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															-	12.36	9.11	11.85	14.73

Competitive Comparison of Cambridge Technology Enterprises's Days Payable

For the Information Technology Services subindustry, Cambridge Technology Enterprises'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.

Cambridge Technology Enterprises's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Cambridge Technology Enterprises's Days Payable falls into.

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Cambridge Technology Enterprises 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.

Cambridge Technology Enterprises'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
=	( (44.863	+	51.571)	/	2 )	/	1629.598	*	365
=	48.217					/	1629.598	*	365
=	10.80

Cambridge Technology Enterprises's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (71.396	+	0)	/	1 )	/	442.152	*	365 / 4
=	71.396					/	442.152	*	365 / 4
=	14.73

Cambridge Technology Enterprises Days Payable Related Terms

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Cambridge Technology Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cambridge Technology Enterprises Ltd (NSE:CTE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

532801:India

Address

Image Gardens Road, Capital Park, 4th Floor, Survey No.72, Unit no. 403B & 404, Plot No. 1-98/4/1-13, 28 & 29, Madhapur, Hyderabad, TG, IND, 500081

Website

https://www.ctepl.com

Cambridge Technology Enterprises Ltd is a business and technology company. It is engaged in software development and information technology (IT) related activities. The company offers various services, which include AI and data, application services, IOT services, and infrastructure and cloud services. The company derives revenue from India, the USA, the Philippines, and others, of which prime revenue is generated from the USA. The company generates revenue from the Sale of Software services and the Sale of Software Licenses, where the majority of its revenue is derived from the Sale of Software services.

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