Variman Global Enterprises (BOM:540570) Days Payable : 52.65 (As of Dec. 2023)

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What is Variman Global Enterprises Days Payable?

Variman Global Enterprises's average Accounts Payable for the three months ended in Dec. 2023 was ₹147 Mil. Variman Global Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹254 Mil. Hence, Variman Global Enterprises's Days Payable for the three months ended in Dec. 2023 was 52.65.

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

BOM:540570' s Days Payable Range Over the Past 10 Years
Min: 11.98 Med: 27.91 Max: 453.61
Current: 52.05

During the past 13 years, Variman Global Enterprises's highest Days Payable was 453.61. The lowest was 11.98. And the median was 27.91.

BOM:540570's Days Payable is ranked better than
50.99% of 2532 companies
in the Software industry
Industry Median: 50.145 vs BOM:540570: 52.05

Variman Global Enterprises's Days Payable declined from Dec. 2022 (76.96) to Dec. 2023 (52.65). It may suggest that Variman Global Enterprises accelerated paying its suppliers.

Variman Global Enterprises Days Payable Historical Data

The historical data trend for Variman Global Enterprises'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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Variman Global Enterprises Days Payable Chart

Variman Global Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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11.98

16.87

34.85

27.06

27.91

Variman Global Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															76.96	45.67	49.49	45.65	52.65

Competitive Comparison of Variman Global Enterprises's Days Payable

For the Software - Application subindustry, Variman Global Enterprises'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.

Variman Global Enterprises's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Variman Global Enterprises's Days Payable falls into.

Variman Global Enterprises 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.

Variman Global Enterprises'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
=	( (35.387	+	130.967)	/	2 )	/	1087.896	*	365
=	83.177					/	1087.896	*	365
=	27.91

Variman Global Enterprises's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (146.629	+	0)	/	1 )	/	254.139	*	365 / 4
=	146.629					/	254.139	*	365 / 4
=	52.65

Variman Global Enterprises Days Payable Related Terms

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Variman Global Enterprises (BOM:540570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Variman Global Enterprises Ltd (BOM:540570) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2- 217/10, Gagan Mahal, 3rd & 4th Floor, Domalguda, Hyderabad, TG, IND, 500029

Website

https://www.varimanglobal.com

Variman Global Enterprises Ltd is an India-based company engaged in the business of providing solutions through software development, IT Infrastructure solutions, and distributing IT Hardware to clients and partners through aggressive market development and continuous improvement through agility.

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