Ace Integrated Solutions (NSE:ACEINTEG) Days Payable : 59.82 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Ace Integrated Solutions Days Payable?

Ace Integrated Solutions's average Accounts Payable for the three months ended in Dec. 2023 was ₹11.80 Mil. Ace Integrated Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹18.00 Mil. Hence, Ace Integrated Solutions's Days Payable for the three months ended in Dec. 2023 was 59.82.

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

NSE:ACEINTEG' s Days Payable Range Over the Past 10 Years
Min: 59.54 Med: 141.73 Max: 574.76
Current: 59.54

During the past 12 years, Ace Integrated Solutions's highest Days Payable was 574.76. The lowest was 59.54. And the median was 141.73.

NSE:ACEINTEG's Days Payable is ranked better than
58.66% of 924 companies
in the Business Services industry
Industry Median: 47.74 vs NSE:ACEINTEG: 59.54

Ace Integrated Solutions's Days Payable declined from Dec. 2022 (179.16) to Dec. 2023 (59.82). It may suggest that Ace Integrated Solutions accelerated paying its suppliers.

Ace Integrated Solutions Days Payable Historical Data

The historical data trend for Ace Integrated Solutions'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.

* Premium members only.

Ace Integrated Solutions Days Payable Chart

Ace Integrated Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

574.76

120.83

172.16

115.79

114.76

Ace Integrated Solutions Quarterly Data
	Dec16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															179.16	42.27	152.08	73.75	59.82

Competitive Comparison of Ace Integrated Solutions's Days Payable

For the Staffing & Employment Services subindustry, Ace Integrated Solutions'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.

Ace Integrated Solutions's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ace Integrated Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Ace Integrated Solutions's Days Payable falls into.

Ace Integrated Solutions 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.

Ace Integrated Solutions'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
=	( (16.5	+	14.5)	/	2 )	/	49.3	*	365
=	15.5					/	49.3	*	365
=	114.76

Ace Integrated Solutions'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
=	( (11.8	+	0)	/	1 )	/	18	*	365 / 4
=	11.8					/	18	*	365 / 4
=	59.82

Ace Integrated Solutions Days Payable Related Terms

Thank you for viewing the detailed overview of Ace Integrated Solutions's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ace Integrated Solutions (NSE:ACEINTEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ace Integrated Solutions Ltd (NSE:ACEINTEG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-13, DSIDC Complex, Functional Industrial Estate, Industrial Area, Patparganj, New Delhi, IND, 110092

Website

https://www.aceintegrated.com

Ace Integrated Solutions Ltd is an India based company engaged in assisting various Govt/ Semi Govt organization/ Management in the recruitment of Human Resources. Its services include designing, barcoding, collecting, data capturing, and processing of online and offline application forms; designing, printing, and dispatch of admit cards; the arrangement of test venues; and consultancy. The company serves customers in India.

Ace Integrated Solutions (NSE:ACEINTEG) Headlines

No Headlines