Sahana System (NSE:SAHANA) Days Payable : 580.38 (As of Mar. 2024)

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What is Sahana System Days Payable?

Sahana System's average Accounts Payable for the six months ended in Mar. 2024 was ₹120.8 Mil. Sahana System's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹76.0 Mil. Hence, Sahana System's Days Payable for the six months ended in Mar. 2024 was 290.19.

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

NSE:SAHANA' s Days Payable Range Over the Past 10 Years
Min: 114.63 Med: 153.19 Max: 580.38
Current: 580.38

During the past 5 years, Sahana System's highest Days Payable was 580.38. The lowest was 114.63. And the median was 153.19.

NSE:SAHANA's Days Payable is ranked better than
93.61% of 2549 companies
in the Software industry
Industry Median: 51.39 vs NSE:SAHANA: 580.38

Sahana System's Days Payable increased from Mar. 2022 (160.43) to Mar. 2024 (580.38). It may suggest that Sahana System delayed paying its suppliers.

Sahana System Days Payable Historical Data

The historical data trend for Sahana System'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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Sahana System Days Payable Chart

Sahana System Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

114.63

145.95

160.43

580.38

Sahana System Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Days Payable	114.63	145.95	160.43	-	580.38

Competitive Comparison of Sahana System's Days Payable

For the Information Technology Services subindustry, Sahana System'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.

Sahana System's Days Payable Distribution in the Software Industry

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

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

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Sahana System 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.

Sahana System'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
=	( (47.285	+	194.272)	/	2 )	/	75.957	*	365
=	120.7785					/	75.957	*	365
=	580.38

Sahana System'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
=	( (47.285	+	194.272)	/	2 )	/	75.957	*	365 / 2
=	120.7785					/	75.957	*	365 / 2
=	290.19

Sahana System Days Payable Related Terms

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Sahana System Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sahana System Ltd (NSE:SAHANA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sal Hospital Road, 1301, Maple Trade Centre, Nr. Surdhara Circle, Memnagar, Thaltej, Ahmedabad, GJ, IND, 380052

Website

https://www.sahanasystem.com

Sahana System Ltd is engaged in the business of offering IT-related services including web app development, mobile application development, AI & ML development, ChatBot development, product prototyping, graphics designing, UI-UX design, SEO & ASO, digital marketing, website & application migration, cyber security and outsourcing of IT services. The company is also engaged in the trading of hardware instruments related to Franking Machines, Computers, LEDs, Laptops, and others. The segments of the company are IT Services and Hardware Trading.

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