Innovana Thinklabs (NSE:INNOVANA) Days Payable : 341.91 (As of Sep. 2023)

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What is Innovana Thinklabs Days Payable?

Innovana Thinklabs's average Accounts Payable for the six months ended in Sep. 2023 was ₹135 Mil. Innovana Thinklabs's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹72 Mil. Hence, Innovana Thinklabs's Days Payable for the six months ended in Sep. 2023 was 341.91.

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

NSE:INNOVANA' s Days Payable Range Over the Past 10 Years
Min: 51.73 Med: 175.13 Max: 479.5
Current: 157.91

During the past 8 years, Innovana Thinklabs's highest Days Payable was 479.50. The lowest was 51.73. And the median was 175.13.

NSE:INNOVANA's Days Payable is ranked better than
79.17% of 2535 companies
in the Software industry
Industry Median: 49.81 vs NSE:INNOVANA: 157.91

Innovana Thinklabs's Days Payable declined from Sep. 2022 (552.25) to Sep. 2023 (341.91). It may suggest that Innovana Thinklabs accelerated paying its suppliers.

Innovana Thinklabs Days Payable Historical Data

The historical data trend for Innovana Thinklabs'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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Innovana Thinklabs Days Payable Chart

Innovana Thinklabs Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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138.26

222.72

479.50

321.15

178.47

Innovana Thinklabs Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial										1,217.21	194.92	552.25	100.59	341.91

Competitive Comparison of Innovana Thinklabs's Days Payable

For the Software - Application subindustry, Innovana Thinklabs'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.

Innovana Thinklabs's Days Payable Distribution in the Software Industry

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

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

Innovana Thinklabs 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.

Innovana Thinklabs'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
=	( (161.954	+	128.049)	/	2 )	/	296.551	*	365
=	145.0015					/	296.551	*	365
=	178.47

Innovana Thinklabs'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
=	( (128.049	+	141.488)	/	2 )	/	71.935	*	365 / 2
=	134.7685					/	71.935	*	365 / 2
=	341.91

Innovana Thinklabs Days Payable Related Terms

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Innovana Thinklabs (NSE:INNOVANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Innovana Thinklabs Ltd (NSE:INNOVANA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Plot No. D-41, Patrakar Colony, Raja Park, Near Jawahar Nagar Moti Dungri Vistar Yojna, Jaipur, RJ, IND, 302004

Website

https://www.innovanathinklabs.com

Innovana Thinklabs Ltd is engaged in software and application development business services to the retail user. Principally, the company designs, develop and maintain software systems and solutions, as well as create new applications and enhance the functionality of existing software products. Its product portfolio consists of application and software such as adblocker, disk cleanup, space reviver, file opener, and privacy protector. In addition, the company also produces application and software such as advance password manager, advanced identity protector, malware protection, disk speedup, systems boost, and web protection.

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