Cigniti Technologies (BOM:534758) Days Payable : 34.22 (As of Mar. 2024)

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What is Cigniti Technologies Days Payable?

Cigniti Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ₹1,139 Mil. Cigniti Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,037 Mil. Hence, Cigniti Technologies's Days Payable for the three months ended in Mar. 2024 was 34.22.

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

BOM:534758' s Days Payable Range Over the Past 10 Years
Min: 37.24 Med: 40.78 Max: 62.39
Current: 45.65

During the past 13 years, Cigniti Technologies's highest Days Payable was 62.39. The lowest was 37.24. And the median was 40.78.

BOM:534758's Days Payable is ranked worse than
52.9% of 2531 companies
in the Software industry
Industry Median: 50.16 vs BOM:534758: 45.65

Cigniti Technologies's Days Payable declined from Dec. 2022 (38.45) to Mar. 2024 (34.22). It may suggest that Cigniti Technologies accelerated paying its suppliers.

Cigniti Technologies Days Payable Historical Data

The historical data trend for Cigniti 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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Cigniti Technologies Days Payable Chart

Cigniti Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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40.83

41.90

37.26

39.61

37.24

Cigniti Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															38.45	43.04	34.87	29.87	34.22

Competitive Comparison of Cigniti Technologies's Days Payable

For the Information Technology Services subindustry, Cigniti 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.

Cigniti Technologies's Days Payable Distribution in the Software Industry

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

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

Cigniti 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.

Cigniti 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
=	( (1154.86	+	1138.83)	/	2 )	/	11241.802	*	365
=	1146.845					/	11241.802	*	365
=	37.24

Cigniti 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	+	1138.83)	/	1 )	/	3037.171	*	365 / 4
=	1138.83					/	3037.171	*	365 / 4
=	34.22

Cigniti Technologies Days Payable Related Terms

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Cigniti Technologies (BOM:534758) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Cigniti Technologies Ltd (BOM:534758) » Definitions » Days Payable

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CIGNITITEC:India

Address

MGR Estates, Dwarakapuri Colony, Suite No. 106 and 107, 6-3-456/C, Punjagutta, Hyderabad, TG, IND, 500082

Website

https://www.cigniti.com

Cigniti Technologies Ltd is an India-based company engaged in Independent Software Testing Services. Its test offerings include Quality Engineering, Advisory and Transformation, Next Generation Testing, and Core Testing. The company's services include Agile testing, DevOps QA, Service Virtualization, Test Data Management, mobile testing, digital QA, Big Data and analytics testing, e-commerce testing, energy and utilities, medical device testing and game testing. It also provides functional testing, test automation, performance testing, security testing, enterprise resource planning (ERP) testing, regression testing, and globalization testing amongst others.

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