Octaware Technologies (BOM:540416) Days Payable : 36.77 (As of Sep. 2023)

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What is Octaware Technologies Days Payable?

Octaware Technologies's average Accounts Payable for the six months ended in Sep. 2023 was ₹11.7 Mil. Octaware Technologies's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹58.3 Mil. Hence, Octaware Technologies's Days Payable for the six months ended in Sep. 2023 was 36.77.

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

BOM:540416' s Days Payable Range Over the Past 10 Years
Min: 8.53 Med: 32.36 Max: 1981.17
Current: 27.42

During the past 10 years, Octaware Technologies's highest Days Payable was 1981.17. The lowest was 8.53. And the median was 32.36.

BOM:540416's Days Payable is ranked worse than
70.14% of 2532 companies
in the Software industry
Industry Median: 50.145 vs BOM:540416: 27.42

Octaware Technologies's Days Payable increased from Sep. 2022 (17.60) to Sep. 2023 (36.77). It may suggest that Octaware Technologies delayed paying its suppliers.

Octaware Technologies Days Payable Historical Data

The historical data trend for Octaware 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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Octaware Technologies Days Payable Chart

Octaware Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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32.36

1,981.17

173.37

25.97

25.92

Octaware Technologies Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial													27.04	20.94	17.60	25.55	36.77

Competitive Comparison of Octaware Technologies's Days Payable

For the Software - Application subindustry, Octaware 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.

Octaware Technologies's Days Payable Distribution in the Software Industry

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

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

Octaware 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.

Octaware 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
=	( (6.672	+	14.614)	/	2 )	/	149.845	*	365
=	10.643					/	149.845	*	365
=	25.92

Octaware Technologies's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (14.614	+	8.879)	/	2 )	/	58.305	*	365 / 2
=	11.7465					/	58.305	*	365 / 2
=	36.77

Octaware Technologies Days Payable Related Terms

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Octaware Technologies (BOM:540416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Octaware Technologies Ltd (BOM:540416) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makwana Road, Off Andheri-Kurla, 204, Timmy Arcade, Marol, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.octaware.com

Octaware Technologies Ltd is a software development, enterprise solutions and consulting firm. It serves healthcare, finance, government, education, real estate and construction and other industries. The company services include Enterprise Portal, ERP and CRM Implementation, Software Architecture, Software Development Services, Mobile Solutions, Cloud, Security and IT Infrastructure Services, Geospatial Services and others. Some of its product includes PowerERM; Hospice; iOnAsset; Intelli Trade and others. It also has a presence in the USA, Singapore, UAE, Qatar, Saudi Arabia, and India. Revenue is generated from the sale of services.

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