Fidel Softech (NSE:FIDEL) Days Payable : 16.91 (As of Dec. 2024)

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What is Fidel Softech Days Payable?

Fidel Softech's average Accounts Payable for the three months ended in Dec. 2024 was ₹19.3 Mil. Fidel Softech's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹104.1 Mil. Hence, Fidel Softech's Days Payable for the three months ended in Dec. 2024 was 16.91.

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

NSE:FIDEL' s Days Payable Range Over the Past 10 Years
Min: 16.13 Med: 18.2 Max: 19.5
Current: 18.29

During the past 5 years, Fidel Softech's highest Days Payable was 19.50. The lowest was 16.13. And the median was 18.20.

NSE:FIDEL's Days Payable is ranked worse than
80.71% of 2535 companies
in the Software industry
Industry Median: 50.17 vs NSE:FIDEL: 18.29

Fidel Softech's Days Payable declined from Dec. 2023 (21.67) to Dec. 2024 (16.91). It may suggest that Fidel Softech accelerated paying its suppliers.

Fidel Softech Days Payable Historical Data

The historical data trend for Fidel Softech'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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Fidel Softech Days Payable Chart

Fidel Softech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

17.51

18.20

18.92

16.13

19.50

Fidel Softech Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial												21.67	22.04	17.36	17.22	16.91

Competitive Comparison of Fidel Softech's Days Payable

For the Information Technology Services subindustry, Fidel Softech'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.

Fidel Softech's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Fidel Softech's Days Payable falls into.

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Fidel Softech 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.

Fidel Softech'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
=	( (12.744	+	16.623)	/	2 )	/	274.901	*	365
=	14.6835					/	274.901	*	365
=	19.50

Fidel Softech'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
=	( (19.282	+	0)	/	1 )	/	104.057	*	365 / 4
=	19.282					/	104.057	*	365 / 4
=	16.91

Fidel Softech Days Payable Related Terms

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Fidel Softech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fidel Softech Ltd (NSE:FIDEL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marigold Software IT Park, Unit No. 202, 2nd Floor, Marisoft 3, West Wing, Vadgaon Sheri, Pune, MH, IND, 411014

Website

https://www.fidelsoftech.com

Fidel Softech Ltd predominantly works with clients across diverse domains in the areas of Technology Implementation, Localization Services & Consulting or Staffing services. The company is operating only in one segment, namely Language Technology Services and Consultancy Services. Its service offerings include Technology Implementation Services including Software development, Testing, Enterprise solution Implementation & Support (ServiceNow, AWS, Automation Anywhere), Localization services including translation, software localization, video subtitling, consulting and staffing services for developers, testers, automation engineers, and enterprise support engineers among others. Geographically, the company generates a majority of its revenue from its customers located outside India.

Fidel Softech Headlines

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