Systango Technologies (NSE:SYSTANGO) Days Payable : 3.55 (As of Mar. 2023)

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What is Systango Technologies Days Payable?

Systango Technologies's average Accounts Payable for the six months ended in Mar. 2023 was ₹2.9 Mil. Systango Technologies's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹150.9 Mil. Hence, Systango Technologies's Days Payable for the six months ended in Mar. 2023 was 3.55.

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

NSE:SYSTANGO' s Days Payable Range Over the Past 10 Years
Min: 1.11 Med: 5.06 Max: 7.21
Current: 3.75

During the past 4 years, Systango Technologies's highest Days Payable was 7.21. The lowest was 1.11. And the median was 5.06.

NSE:SYSTANGO's Days Payable is ranked worse than
96.76% of 2529 companies
in the Software industry
Industry Median: 49.74 vs NSE:SYSTANGO: 3.75

Systango Technologies's Days Payable increased from Mar. 2022 (0.00) to Mar. 2023 (3.55). It may suggest that Systango Technologies delayed paying its suppliers.

Systango Technologies Days Payable Historical Data

The historical data trend for Systango 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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Systango Technologies Days Payable Chart

Systango Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

1.11

6.68

7.21

3.43

Systango Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
Days Payable	-	-	-	4.30	3.55

Competitive Comparison of Systango Technologies's Days Payable

For the Software - Infrastructure subindustry, Systango 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.

Systango Technologies's Days Payable Distribution in the Software Industry

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

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

Systango 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.

Systango Technologies's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (2.966	+	2.425)	/	2 )	/	286.814	*	365
=	2.6955					/	286.814	*	365
=	3.43

Systango Technologies's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (3.439	+	2.425)	/	2 )	/	150.938	*	365 / 2
=	2.932					/	150.938	*	365 / 2
=	3.55

Systango Technologies Days Payable Related Terms

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Systango Technologies (NSE:SYSTANGO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ring Road, 3rd Floor (LHS), STP-I Crystal IT Park, Indore, MP, IND, 452010

Website

https://www.systango.com

Systango Technologies Ltd is engaged in the business of providing software solutions to design, implement, and manage their own Customized Digital Platforms including Web2, Web3, and Mobile applications, with an emphasis on data and analytics. The range of software solutions provided by the company is wide and includes website development, mobile app development for both IOS and Android applications, web3 development, decentralized finance, data engineering, implementation of blockchain, cloud computing, and digital marketing. Systango offers its services across various sectors like Hospitality, Property Tech, Financial Services, Fantasy Sports, and many others.

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