Globesecure Technologies (NSE:GSTL) Days Payable : 118.86 (As of Sep. 2023)

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What is Globesecure Technologies Days Payable?

Globesecure Technologies's average Accounts Payable for the six months ended in Sep. 2023 was ₹50.5 Mil. Globesecure Technologies's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹77.6 Mil. Hence, Globesecure Technologies's Days Payable for the six months ended in Sep. 2023 was 118.86.

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

NSE:GSTL' s Days Payable Range Over the Past 10 Years
Min: 98.05 Med: 235.34 Max: 334.21
Current: 98.05

During the past 5 years, Globesecure Technologies's highest Days Payable was 334.21. The lowest was 98.05. And the median was 235.34.

NSE:GSTL's Days Payable is ranked better than
68.51% of 2531 companies
in the Software industry
Industry Median: 50.16 vs NSE:GSTL: 98.05

Globesecure Technologies's Days Payable declined from Sep. 2022 (635.15) to Sep. 2023 (118.86). It may suggest that Globesecure Technologies accelerated paying its suppliers.

Globesecure Technologies Days Payable Historical Data

The historical data trend for Globesecure 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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Globesecure Technologies Days Payable Chart

Globesecure Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

334.21

185.77

235.34

230.55

240.50

Globesecure Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			806.39	166.34	635.15	101.46	118.86

Competitive Comparison of Globesecure Technologies's Days Payable

For the Software - Infrastructure subindustry, Globesecure 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.

Globesecure Technologies's Days Payable Distribution in the Software Industry

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

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

Globesecure 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.

Globesecure Technologies's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (191.371	+	91.367)	/	2 )	/	214.549	*	365
=	141.369					/	214.549	*	365
=	240.50

Globesecure Technologies's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (91.367	+	9.679)	/	2 )	/	77.573	*	365 / 2
=	50.523					/	77.573	*	365 / 2
=	118.86

Globesecure Technologies Days Payable Related Terms

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Globesecure Technologies (NSE:GSTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Globesecure Technologies Ltd (NSE:GSTL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-614, 215 Atrium, Kanakia Spacs, Near Courtyard Marriott Hotel, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.globesecure.in

Globesecure Technologies Ltd is a digital transformation company in India that offers cyber security services. The company's business line is classified into three divisions namely Cyber Security, Integrated Enterprise Solutions, and Managed Services including cyber forensics, cyber security, data security services, protection of computer networks, Email security, server consolidation and transformation, hosting, infrastructure-as-a-service, cloud-based big data and analytics solution, application modernization and others. The company generates its revenue from Sales of IT and IT-enabled services.

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