Synoptics Technologies (NSE:SYNOPTICS) Days Payable : 67.78 (As of Mar. 2022)

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What is Synoptics Technologies Days Payable?

Synoptics Technologies's average Accounts Payable for the six months ended in Mar. 2022 was ₹41.7 Mil. Synoptics Technologies's Cost of Goods Sold for the six months ended in Mar. 2022 was ₹224.7 Mil. Hence, Synoptics Technologies's Days Payable for the six months ended in Mar. 2022 was 33.89.

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

NSE:SYNOPTICS's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 49.575
* Ranked among companies with meaningful Days Payable only.

Synoptics Technologies's Days Payable declined from Mar. 2020 (190.24) to Mar. 2022 (67.78). It may suggest that Synoptics Technologies accelerated paying its suppliers.

Synoptics Technologies Days Payable Historical Data

The historical data trend for Synoptics 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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Synoptics Technologies Days Payable Chart

Synoptics Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Days Payable

190.24

85.22

67.78

Synoptics Technologies Semi-Annual Data
	Mar20	Mar21	Mar22
Days Payable	190.24	85.22	67.78

Competitive Comparison of Synoptics Technologies's Days Payable

For the Information Technology Services subindustry, Synoptics 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.

Synoptics Technologies's Days Payable Distribution in the Software Industry

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

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

Synoptics 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.

Synoptics Technologies's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (41.977	+	41.459)	/	2 )	/	224.668	*	365
=	41.718					/	224.668	*	365
=	67.78

Synoptics Technologies's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

	Days Payable (Q: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2021 )	+	Accounts Payable (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (41.977	+	41.459)	/	2 )	/	224.668	*	365 / 2
=	41.718					/	224.668	*	365 / 2
=	33.89

Synoptics Technologies Days Payable Related Terms

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Synoptics Technologies (NSE:SYNOPTICS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai, MH, IND, 400064

Website

https://synoptics.co.in

Synoptics Technologies Ltd is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment needed to run the IT setup like routers, switches, etc. The company designs the solution for customers who need to put their applications on Cloud. It helps with the application migration and manages the setup in the cloud. It aims to reduce the Total Cost of Ownership (TCO) and increase Return on Investment (RoI) for its customers to adopt any kind of Digital Transformation use case with its technology-led and innovation-driven approach.

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