Vinyas Innovative Technologies (NSE:VINYAS) Days Payable : 98.95 (As of Mar. 2023)

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What is Vinyas Innovative Technologies Days Payable?

Vinyas Innovative Technologies's average Accounts Payable for the six months ended in Mar. 2023 was ₹518 Mil. Vinyas Innovative Technologies's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,911 Mil. Hence, Vinyas Innovative Technologies's Days Payable for the six months ended in Mar. 2023 was 49.47.

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

NSE:VINYAS' s Days Payable Range Over the Past 10 Years
Min: 79.86 Med: 98.95 Max: 103.64
Current: 98.95

During the past 3 years, Vinyas Innovative Technologies's highest Days Payable was 103.64. The lowest was 79.86. And the median was 98.95.

NSE:VINYAS's Days Payable is ranked better than
62.32% of 2938 companies
in the Industrial Products industry
Industry Median: 76.8 vs NSE:VINYAS: 98.95

Vinyas Innovative Technologies's Days Payable increased from Mar. 2021 (79.86) to Mar. 2023 (98.95). It may suggest that Vinyas Innovative Technologies delayed paying its suppliers.

Vinyas Innovative Technologies Days Payable Historical Data

The historical data trend for Vinyas Innovative 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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Vinyas Innovative Technologies Days Payable Chart

Vinyas Innovative Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

79.86

103.64

98.95

Vinyas Innovative Technologies Semi-Annual Data
	Mar21	Mar22	Mar23
Days Payable	79.86	103.64	98.95

Competitive Comparison of Vinyas Innovative Technologies's Days Payable

For the Electrical Equipment & Parts subindustry, Vinyas Innovative 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.

Vinyas Innovative Technologies's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vinyas Innovative Technologies's Days Payable distribution charts can be found below:

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

Vinyas Innovative 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.

Vinyas Innovative 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
=	( (595.065	+	441)	/	2 )	/	1910.957	*	365
=	518.0325					/	1910.957	*	365
=	98.95

Vinyas Innovative 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: Mar. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (595.065	+	441)	/	2 )	/	1910.957	*	365 / 2
=	518.0325					/	1910.957	*	365 / 2
=	49.47

Vinyas Innovative Technologies Days Payable Related Terms

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Vinyas Innovative Technologies (NSE:VINYAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinyas Innovative Technologies Ltd (NSE:VINYAS) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Plot No. 19, Survey No. 26 & 273-P, 3rd Phase, Koorgalli Industrial Area, Ilawala Hobali, Mysore, KA, IND, 570018

Website

https://www.vinyasit.com

Vinyas Innovative Technologies Ltd is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in the Electronic Industry. As an integrated electronic manufacturing services provider, the Company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.

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