Techera Engineering (India) (NSE:TECHERA) Days Payable : 151.82 (As of Mar. 2024)

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What is Techera Engineering (India) Days Payable?

Techera Engineering (India)'s average Accounts Payable for the six months ended in Mar. 2024 was ₹73.2 Mil. Techera Engineering (India)'s Cost of Goods Sold for the six months ended in Mar. 2024 was ₹176.1 Mil. Hence, Techera Engineering (India)'s Days Payable for the six months ended in Mar. 2024 was 75.91.

The historical rank and industry rank for Techera Engineering (India)'s Days Payable or its related term are showing as below:

NSE:TECHERA' s Days Payable Range Over the Past 10 Years
Min: 151.82 Med: 164.41 Max: 422.22
Current: 151.82

During the past 4 years, Techera Engineering (India)'s highest Days Payable was 422.22. The lowest was 151.82. And the median was 164.41.

NSE:TECHERA's Days Payable is ranked better than
72.76% of 301 companies
in the Aerospace & Defense industry
Industry Median: 68.19 vs NSE:TECHERA: 151.82

Techera Engineering (India)'s Days Payable declined from Mar. 2022 (172.54) to Mar. 2024 (151.82). It may suggest that Techera Engineering (India) accelerated paying its suppliers.

Techera Engineering (India) Days Payable Historical Data

The historical data trend for Techera Engineering (India)'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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Techera Engineering (India) Days Payable Chart

Techera Engineering (India) Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

422.22

172.54

156.28

151.82

Techera Engineering (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Days Payable	422.22	172.54	156.28	151.82

Competitive Comparison of Techera Engineering (India)'s Days Payable

For the Aerospace & Defense subindustry, Techera Engineering (India)'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.

Techera Engineering (India)'s Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Techera Engineering (India)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Techera Engineering (India)'s Days Payable falls into.

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Techera Engineering (India) 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.

Techera Engineering (India)'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
=	( (109.779	+	36.684)	/	2 )	/	176.062	*	365
=	73.2315					/	176.062	*	365
=	151.82

Techera Engineering (India)'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
=	( (109.779	+	36.684)	/	2 )	/	176.062	*	365 / 2
=	73.2315					/	176.062	*	365 / 2
=	75.91

Techera Engineering (India) Days Payable Related Terms

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Techera Engineering (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Techera Engineering (India) Ltd (NSE:TECHERA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Taluka Bho, Pune, MH, IND, 412205

Website

https://www.techera.co.in

Techera Engineering (India) Ltd is engages in the design, manufacture, and supply of precision tooling, components for the aerospace and defense industries, and automation system solutions. Its product portfolio includes assembly toolings, jigs, fixtures, maintenance, repair, and overhaul (MRO) toolings, ground support equipment, and precision machined components.

Techera Engineering (India) Headlines

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