Tata Elxsi (NSE:TATAELXSI) Days Payable : 14.61 (As of Mar. 2024)

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What is Tata Elxsi Days Payable?

Tata Elxsi's average Accounts Payable for the three months ended in Mar. 2024 was ₹856 Mil. Tata Elxsi's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹5,348 Mil. Hence, Tata Elxsi's Days Payable for the three months ended in Mar. 2024 was 14.61.

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

NSE:TATAELXSI' s Days Payable Range Over the Past 10 Years
Min: 16.39 Med: 200.7 Max: 371.99
Current: 16.51

During the past 13 years, Tata Elxsi's highest Days Payable was 371.99. The lowest was 16.39. And the median was 200.70.

NSE:TATAELXSI's Days Payable is ranked worse than
84.2% of 2531 companies
in the Software industry
Industry Median: 50.36 vs NSE:TATAELXSI: 16.51

Tata Elxsi's Days Payable declined from Mar. 2023 (19.41) to Mar. 2024 (14.61). It may suggest that Tata Elxsi accelerated paying its suppliers.

Tata Elxsi Days Payable Historical Data

The historical data trend for Tata Elxsi'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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Tata Elxsi Days Payable Chart

Tata Elxsi Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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231.01

16.95

18.12

19.18

16.39

Tata Elxsi Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															19.41	18.81	16.72	16.32	14.61

Competitive Comparison of Tata Elxsi's Days Payable

For the Software - Application subindustry, Tata Elxsi'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.

Tata Elxsi's Days Payable Distribution in the Software Industry

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

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

Tata Elxsi 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.

Tata Elxsi'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
=	( (1031.703	+	856.39)	/	2 )	/	21029.404	*	365
=	944.0465					/	21029.404	*	365
=	16.39

Tata Elxsi'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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	856.39)	/	1 )	/	5348.324	*	365 / 4
=	856.39					/	5348.324	*	365 / 4
=	14.61

Tata Elxsi Days Payable Related Terms

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Tata Elxsi (NSE:TATAELXSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tata Elxsi Ltd (NSE:TATAELXSI) » Definitions » Days Payable

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500408:India

Address

ITPB Road, Whitefield, Bengaluru, KA, IND, 560 048

Website

https://www.tataelxsi.com

Tata Elxsi Ltd is an India-based provider of design and technology services for the aerospace and defense, automotive, broadcasting and media, communications, consumer products, healthcare, semiconductor, and automotive industries. Its solutions include product engineering, design, Big Data analytics, Internet of Things, content development, artificial intelligence, virtual reality, and systems integration. The firm has operations in India, US, Europe, and Others.

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