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SoftTech Engineers (NSE:SOFTTECH) Days Payable : 324.65 (As of Dec. 2023)


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What is SoftTech Engineers Days Payable?

SoftTech Engineers's average Accounts Payable for the three months ended in Dec. 2023 was ₹92.4 Mil. SoftTech Engineers's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹26.0 Mil. Hence, SoftTech Engineers's Days Payable for the three months ended in Dec. 2023 was 324.65.

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

NSE:SOFTTECH' s Days Payable Range Over the Past 10 Years
Min: 109.56   Med: 328   Max: 545.24
Current: 302.83

During the past 11 years, SoftTech Engineers's highest Days Payable was 545.24. The lowest was 109.56. And the median was 328.00.

NSE:SOFTTECH's Days Payable is ranked better than
88.6% of 2536 companies
in the Software industry
Industry Median: 50.42 vs NSE:SOFTTECH: 302.83

SoftTech Engineers's Days Payable increased from Dec. 2022 (317.33) to Dec. 2023 (324.65). It may suggest that SoftTech Engineers delayed paying its suppliers.


SoftTech Engineers Days Payable Historical Data

The historical data trend for SoftTech Engineers'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.

SoftTech Engineers Days Payable Chart

SoftTech Engineers Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 345.18 202.14 519.29 519.84 310.81

SoftTech Engineers Quarterly Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 317.33 244.09 166.53 334.55 324.65

Competitive Comparison of SoftTech Engineers's Days Payable

For the Software - Application subindustry, SoftTech Engineers'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.


SoftTech Engineers's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where SoftTech Engineers's Days Payable falls into.



SoftTech Engineers 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.

SoftTech Engineers'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
=( (91.865 + 58.661) / 2 ) / 88.386*365
=75.263 / 88.386*365
=310.81

SoftTech Engineers'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
=( (92.364 + 0) / 1 ) / 25.961*365 / 4
=92.364 / 25.961*365 / 4
=324.65

* 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.


SoftTech Engineers Days Payable Related Terms

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SoftTech Engineers (NSE:SOFTTECH) Business Description

Traded in Other Exchanges
Address
Baner Road, SoftTech Towers, S NO 1/1A/7 8 15 16 17 Plot No. B,C,D, 1-Baner, Opposite Royal Enfield Showroom, Pune, MH, IND, 411045
SoftTech Engineers Ltd is a software product company. The company develops software and intellectual property in the architecture, engineering, and construction (AEC) domains. Its product includes AutoDCR; PWIMS; Opticon; BIMDCR; and RuleBuddy. The company serves large infrastructure; real estate; government organizations and consultants companies. Geographically, it operates only in India.

SoftTech Engineers (NSE:SOFTTECH) Headlines

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