Redington (BOM:532805) Days Payable : 50.39 (As of Mar. 2024)

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What is Redington Days Payable?

Redington's average Accounts Payable for the three months ended in Mar. 2024 was ₹118,687 Mil. Redington's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹214,908 Mil. Hence, Redington's Days Payable for the three months ended in Mar. 2024 was 50.39.

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

BOM:532805' s Days Payable Range Over the Past 10 Years
Min: 36.03 Med: 44.35 Max: 53.36
Current: 50.33

During the past 13 years, Redington's highest Days Payable was 53.36. The lowest was 36.03. And the median was 44.35.

BOM:532805's Days Payable is ranked better than
50.2% of 2536 companies
in the Software industry
Industry Median: 50.1 vs BOM:532805: 50.33

Redington's Days Payable increased from Mar. 2023 (47.93) to Mar. 2024 (50.39). It may suggest that Redington delayed paying its suppliers.

Redington Days Payable Historical Data

The historical data trend for Redington'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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Redington Days Payable Chart

Redington Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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44.97

45.37

53.36

50.86

48.71

Redington 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															47.93	49.25	53.90	50.92	50.39

Competitive Comparison of Redington's Days Payable

For the Information Technology Services subindustry, Redington'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.

Redington's Days Payable Distribution in the Software Industry

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

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

Redington 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.

Redington'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
=	( (109711.1	+	118687.4)	/	2 )	/	855699.7	*	365
=	114199.25					/	855699.7	*	365
=	48.71

Redington'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	+	118687.4)	/	1 )	/	214908.3	*	365 / 4
=	118687.4					/	214908.3	*	365 / 4
=	50.39

Redington Days Payable Related Terms

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Redington (BOM:532805) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Redington Ltd (BOM:532805) » Definitions » Days Payable

Comparable Companies

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REDINGTON:India

Address

Inner Ring Road, Saraswathy Nagar West, 4th Street, Block3, Plathin, Redington Tower, Puzhuthivakkam, Chennai, TN, IND, 600091

Website

https://www.redingtongroup.com

Redington Ltd provides a variety of information technology, IT, and supply chain management services. The company also sells IT distribution products, which include computers, network equipment, software, data storage products, security solutions, and servers. The firm's services include hardware support and warehousing and logistics. The hardware support services consist of computer maintenance and customer support at retail locations throughout India. The warehousing and logistics services include warehouse operations, distribution, and automation. Redington organizes itself into two segments based on geography: India and Overseas. The majority of revenue comes from Overseas.

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