Yudiz Solutions (NSE:YUDIZ) Days Payable : 9.67 (As of Mar. 2023)

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What is Yudiz Solutions Days Payable?

Yudiz Solutions's average Accounts Payable for the six months ended in Mar. 2023 was ₹4.1 Mil. Yudiz Solutions's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹76.8 Mil. Hence, Yudiz Solutions's Days Payable for the six months ended in Mar. 2023 was 9.67.

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

NSE:YUDIZ' s Days Payable Range Over the Past 10 Years
Min: 12.34 Med: 15.86 Max: 37.66
Current: 12.34

During the past 4 years, Yudiz Solutions's highest Days Payable was 37.66. The lowest was 12.34. And the median was 15.86.

NSE:YUDIZ's Days Payable is ranked worse than
89.24% of 2536 companies
in the Software industry
Industry Median: 50.42 vs NSE:YUDIZ: 12.34

Yudiz Solutions's Days Payable increased from Mar. 2022 (0.00) to Mar. 2023 (9.67). It may suggest that Yudiz Solutions delayed paying its suppliers.

Yudiz Solutions Days Payable Historical Data

The historical data trend for Yudiz 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.

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Yudiz Solutions Days Payable Chart

Yudiz Solutions Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

37.66

17.88

13.83

12.85

Yudiz Solutions Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
Days Payable	-	-	-	14.33	9.67

Competitive Comparison of Yudiz Solutions's Days Payable

For the Information Technology Services subindustry, Yudiz 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.

Yudiz Solutions's Days Payable Distribution in the Software Industry

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

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

Yudiz 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.

Yudiz 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
=	( (8.052	+	3.19)	/	2 )	/	159.619	*	365
=	5.621					/	159.619	*	365
=	12.85

Yudiz Solutions's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (4.95	+	3.19)	/	2 )	/	76.819	*	365 / 2
=	4.07					/	76.819	*	365 / 2
=	9.67

Yudiz Solutions Days Payable Related Terms

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Yudiz Solutions (NSE:YUDIZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Yudiz Solutions Ltd (NSE:YUDIZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Iscon-Ambli Road, 13th Floor, B square 2, Ahmedabad, GJ, IND, 380054

Website

https://www.yudiz.com

Yudiz Solutions Ltd is engaged in the business of providing IT solutions and consultancy focused on providing scalable and secure solutions to shape a business idea by implementing the latest and cutting-edge technologies. It offers web, mobile, game and blockchain solutions for business. It is an ISO 9001:2015 certified IT development company and an ideal digital transformation and technology services company for customers' needs. The company has consistently delivered a competitive edge in the form of robust, fore-sighted, and qualitative solutions.

Yudiz Solutions (NSE:YUDIZ) Headlines

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