Kody Technolab (NSE:KODYTECH) Days Payable : 15.86 (As of Mar. 2024)

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What is Kody Technolab Days Payable?

Kody Technolab's average Accounts Payable for the six months ended in Mar. 2024 was ₹4.6 Mil. Kody Technolab's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹104.8 Mil. Hence, Kody Technolab's Days Payable for the six months ended in Mar. 2024 was 7.93.

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

NSE:KODYTECH' s Days Payable Range Over the Past 10 Years
Min: 15.86 Med: 56.18 Max: 84.67
Current: 15.86

During the past 4 years, Kody Technolab's highest Days Payable was 84.67. The lowest was 15.86. And the median was 56.18.

NSE:KODYTECH's Days Payable is ranked worse than
84.7% of 2530 companies
in the Software industry
Industry Median: 49.765 vs NSE:KODYTECH: 15.86

Kody Technolab's Days Payable declined from Mar. 2022 (84.67) to Mar. 2024 (15.86). It may suggest that Kody Technolab accelerated paying its suppliers.

Kody Technolab Days Payable Historical Data

The historical data trend for Kody Technolab'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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Kody Technolab Days Payable Chart

Kody Technolab Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

77.77

84.67

34.58

15.86

Kody Technolab Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Days Payable	77.77	84.67	34.58	15.86

Competitive Comparison of Kody Technolab's Days Payable

For the Information Technology Services subindustry, Kody Technolab'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.

Kody Technolab's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Kody Technolab's Days Payable falls into.

Kody Technolab 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.

Kody Technolab'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
=	( (2.199	+	6.908)	/	2 )	/	104.775	*	365
=	4.5535					/	104.775	*	365
=	15.86

Kody Technolab'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
=	( (2.199	+	6.908)	/	2 )	/	104.775	*	365 / 2
=	4.5535					/	104.775	*	365 / 2
=	7.93

Kody Technolab Days Payable Related Terms

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Kody Technolab (NSE:KODYTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kody Technolab Ltd (NSE:KODYTECH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, Block-J, Safal Monde, Near Iscon Mall, Near Rajpathclub, S.G Highway, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.kodytechnolab.com

Kody Technolab Ltd is a company is in business of software development services to a diverse set of industries. It is a full stack development company that provides innovative and cutting-edge digital solutions to the clients. It specializes in helping businesses undergo Digital Transformation by leveraging the latest technologies and trends. They offer a wide range of services that include custom development, AI Consultation & Implementation, IOT Services, and IT consulting services.

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