ROX Hi-Tech (NSE:ROXHITECH) Days Payable : 11.66 (As of Mar. 2024)

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What is ROX Hi-Tech Days Payable?

ROX Hi-Tech's average Accounts Payable for the three months ended in Mar. 2024 was ₹178 Mil. ROX Hi-Tech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,392 Mil. Hence, ROX Hi-Tech's Days Payable for the three months ended in Mar. 2024 was 11.66.

The historical rank and industry rank for ROX Hi-Tech's Days Payable or its related term are showing as below:

NSE:ROXHITECH' s Days Payable Range Over the Past 10 Years
Min: 32.84 Med: 52.67 Max: 118.63
Current: 46.62

During the past 4 years, ROX Hi-Tech's highest Days Payable was 118.63. The lowest was 32.84. And the median was 52.67.

NSE:ROXHITECH's Days Payable is ranked worse than
52.39% of 2535 companies
in the Software industry
Industry Median: 50.17 vs NSE:ROXHITECH: 46.62

ROX Hi-Tech's Days Payable increased from . 20 (0.00) to Mar. 2024 (11.66). It may suggest that ROX Hi-Tech delayed paying its suppliers.

ROX Hi-Tech Days Payable Historical Data

The historical data trend for ROX Hi-Tech'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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ROX Hi-Tech Days Payable Chart

ROX Hi-Tech Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

118.63

58.72

32.84

46.62

ROX Hi-Tech Quarterly Data
	Mar21	Mar22	Mar23	Mar24
Days Payable	29.66	14.68	8.21	11.66

Competitive Comparison of ROX Hi-Tech's Days Payable

For the Information Technology Services subindustry, ROX Hi-Tech'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.

ROX Hi-Tech's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, ROX Hi-Tech's Days Payable distribution charts can be found below:

* The bar in red indicates where ROX Hi-Tech's Days Payable falls into.

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ROX Hi-Tech 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.

ROX Hi-Tech'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
=	( (84.851	+	270.667)	/	2 )	/	1391.605	*	365
=	177.759					/	1391.605	*	365
=	46.62

ROX Hi-Tech'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
=	( (84.851	+	270.667)	/	2 )	/	1391.605	*	365 / 4
=	177.759					/	1391.605	*	365 / 4
=	11.66

ROX Hi-Tech Days Payable Related Terms

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ROX Hi-Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ROX Hi-Tech Ltd (NSE:ROXHITECH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mahalingapuram Main Road, Old No.101B, New No.160, 1st & 3rd Floor, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.rox.co.in

ROX Hi-Tech Ltd is a customer-centric IT solutions provider committed to excellence. It offers a comprehensive range of distributed IT solutions, including consulting, enterprise and end-user computing, managed print, and network services. The company is India's leading end-to-end IT solution provider.

ROX Hi-Tech Headlines

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