Redington (NSE:REDINGTON) Days Payable : 52.89 (As of Jun. 2024)

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What is Redington Days Payable?

Redington's average Accounts Payable for the three months ended in Jun. 2024 was ₹118,687 Mil. Redington's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹204,751 Mil. Hence, Redington's Days Payable for the three months ended in Jun. 2024 was 52.89.

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

NSE:REDINGTON' s Days Payable Range Over the Past 10 Years
Min: 36.03 Med: 44.35 Max: 53.36
Current: 50.26

During the past 13 years, Redington's highest Days Payable was 53.36. The lowest was 36.03. And the median was 44.35.

NSE:REDINGTON's Days Payable is ranked better than
51.01% of 2523 companies
in the Software industry
Industry Median: 48.75 vs NSE:REDINGTON: 50.26

Redington's Days Payable increased from Jun. 2023 (49.25) to Jun. 2024 (52.89). It may suggest that Redington delayed paying its suppliers.

Redington Days Payable Historical Data

The historical data trend for Redington'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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Redington Days Payable Chart

Redington Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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44.97

45.37

53.36

50.89

48.74

Redington Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															49.25	53.90	50.92	50.50	52.89

Competitive Comparison of Redington's Days Payable

For the Information Technology Services subindustry, Redington'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.

Redington's Days Payable Distribution in the Software Industry

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

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

Redington 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.

Redington'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
=	( (109711.1	+	118687.4)	/	2 )	/	855270.9	*	365
=	114199.25					/	855270.9	*	365
=	48.74

Redington's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (118687.4	+	0)	/	1 )	/	204751	*	365 / 4
=	118687.4					/	204751	*	365 / 4
=	52.89

Redington Days Payable Related Terms

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Redington Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Redington Ltd (NSE:REDINGTON) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

532805:India

Address

Inner Ring Road, 4th Street, Block3, Plathin, Redington Tower, Saraswathy Nagar West, Puzhuthivakkam, Chennai, TN, IND, 600091

Website

https://www.redingtongroup.com

Redington Ltd provides a variety of information technology and supply chain management services. The company also distributes IT products, which include computers, network equipment, software, data storage products, security solutions, and servers. The firm's services include hardware support, supply chain solutions, digital transformation, and various other solutions in the field of 3D printing, cybersecurity, solar, and cloud infrastructure among others. The company's reportable segments are; SISA (Singapore, India & South Asia) and ROW (Rest of the World).

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