Trigyn Technologies (NSE:TRIGYN) Days Payable : 36.97 (As of Mar. 2024)

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What is Trigyn Technologies Days Payable?

Trigyn Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ₹800 Mil. Trigyn Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,975 Mil. Hence, Trigyn Technologies's Days Payable for the three months ended in Mar. 2024 was 36.97.

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

NSE:TRIGYN' s Days Payable Range Over the Past 10 Years
Min: 26.75 Med: 39.63 Max: 26611.12
Current: 42.57

During the past 13 years, Trigyn Technologies's highest Days Payable was 26611.12. The lowest was 26.75. And the median was 39.63.

NSE:TRIGYN's Days Payable is ranked worse than
55.19% of 2524 companies
in the Software industry
Industry Median: 49.575 vs NSE:TRIGYN: 42.57

Trigyn Technologies's Days Payable declined from Mar. 2023 (41.21) to Mar. 2024 (36.97). It may suggest that Trigyn Technologies accelerated paying its suppliers.

Trigyn Technologies Days Payable Historical Data

The historical data trend for Trigyn 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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Trigyn Technologies Days Payable Chart

Trigyn Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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43.73

42.64

43.51

39.36

39.89

Trigyn Technologies 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															41.21	42.57	47.90	48.02	36.97

Competitive Comparison of Trigyn Technologies's Days Payable

For the Information Technology Services subindustry, Trigyn 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.

Trigyn Technologies's Days Payable Distribution in the Software Industry

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

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

Trigyn 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.

Trigyn Technologies'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
=	( (981.568	+	800.23)	/	2 )	/	8152.752	*	365
=	890.899					/	8152.752	*	365
=	39.89

Trigyn Technologies'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	+	800.23)	/	1 )	/	1975.21	*	365 / 4
=	800.23					/	1975.21	*	365 / 4
=	36.97

Trigyn Technologies Days Payable Related Terms

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Trigyn Technologies (NSE:TRIGYN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

517562:India

Address

Unit 27, SDF-1, Seepz - SEZ, Andheri (East), Mumbai, MH, IND, 400 096

Website

http://www.trigyn.com

Trigyn Technologies Ltd is an Indian-based information technology (IT) services company. It provides IT solutions, staffing, application outsourcing services, managed services, Software Development, Maintenance, and other services. It operates in only one reportable segment is Communications and information technology staffing support services.

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