Vinsys IT Services India (NSE:VINSYS) Days Payable : 7.87 (As of Mar. 2024)

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What is Vinsys IT Services India Days Payable?

Vinsys IT Services India's average Accounts Payable for the six months ended in Mar. 2024 was ₹28 Mil. Vinsys IT Services India's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹658 Mil. Hence, Vinsys IT Services India's Days Payable for the six months ended in Mar. 2024 was 7.87.

The historical rank and industry rank for Vinsys IT Services India's Days Payable or its related term are showing as below:

NSE:VINSYS' s Days Payable Range Over the Past 10 Years
Min: 11.94 Med: 27.86 Max: 36.37
Current: 11.94

During the past 4 years, Vinsys IT Services India's highest Days Payable was 36.37. The lowest was 11.94. And the median was 27.86.

NSE:VINSYS's Days Payable is ranked worse than
74.77% of 218 companies
in the Education industry
Industry Median: 36.885 vs NSE:VINSYS: 11.94

Vinsys IT Services India's Days Payable declined from Mar. 2023 (33.99) to Mar. 2024 (7.87). It may suggest that Vinsys IT Services India accelerated paying its suppliers.

Vinsys IT Services India Days Payable Historical Data

The historical data trend for Vinsys IT Services 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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Vinsys IT Services India Days Payable Chart

Vinsys IT Services India Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

36.37

28.28

27.43

12.90

Vinsys IT Services India Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial			-	17.80	33.99	15.13	7.87

Competitive Comparison of Vinsys IT Services India's Days Payable

For the Education & Training Services subindustry, Vinsys IT Services 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.

Vinsys IT Services India's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Vinsys IT Services India's Days Payable distribution charts can be found below:

* The bar in red indicates where Vinsys IT Services India's Days Payable falls into.

Vinsys IT Services 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.

Vinsys IT Services 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
=	( (71.112	+	20.968)	/	2 )	/	1302.649	*	365
=	46.04					/	1302.649	*	365
=	12.90

Vinsys IT Services 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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (35.8	+	20.968)	/	2 )	/	657.821	*	365 / 2
=	28.384					/	657.821	*	365 / 2
=	7.87

Vinsys IT Services India Days Payable Related Terms

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Vinsys IT Services India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Vinsys IT Services India Ltd (NSE:VINSYS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

S. No. 28/11- 12, Shivaji Niketan, C.T.S. No. 458A, Tejas Housing Society, Near Mantri Park Behind Kothrud Bus Stand, Kothrud, Pune, MH, IND, 411038

Website

https://www.vinsys.com

Vinsys IT Services India Ltd is engaged in the IT business. The core competencies of the company include Training and Certifications, Digital Learning, IT Services, Business Academy, and technology training. The company is dedicated to becoming an accredited training service provider to meet the growing demand for training and workforce development. The company specializes in corporate training and consulting across a broad range of domains. The company caters to professionals across all industries and domains and offers assistance to organizations in formulating their learning and development strategies.

Vinsys IT Services India Headlines

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