Lee & Nee Softwares (Exports) (BOM:517415) Days Payable : 22.61 (As of Dec. 2023)

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What is Lee & Nee Softwares (Exports) Days Payable?

Lee & Nee Softwares (Exports)'s average Accounts Payable for the three months ended in Dec. 2023 was ₹3.75 Mil. Lee & Nee Softwares (Exports)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹15.15 Mil. Hence, Lee & Nee Softwares (Exports)'s Days Payable for the three months ended in Dec. 2023 was 22.61.

The historical rank and industry rank for Lee & Nee Softwares (Exports)'s Days Payable or its related term are showing as below:

BOM:517415' s Days Payable Range Over the Past 10 Years
Min: 25.51 Med: 48.76 Max: 274.02
Current: 34.13

During the past 13 years, Lee & Nee Softwares (Exports)'s highest Days Payable was 274.02. The lowest was 25.51. And the median was 48.76.

BOM:517415's Days Payable is ranked worse than
62.98% of 2534 companies
in the Software industry
Industry Median: 50.345 vs BOM:517415: 34.13

Lee & Nee Softwares (Exports)'s Days Payable declined from Dec. 2022 (46.89) to Dec. 2023 (22.61). It may suggest that Lee & Nee Softwares (Exports) accelerated paying its suppliers.

Lee & Nee Softwares (Exports) Days Payable Historical Data

The historical data trend for Lee & Nee Softwares (Exports)'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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Lee & Nee Softwares (Exports) Days Payable Chart

Lee & Nee Softwares (Exports) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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58.02

39.50

30.54

25.51

30.21

Lee & Nee Softwares (Exports) 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															46.89	28.10	47.20	25.65	22.61

Competitive Comparison of Lee & Nee Softwares (Exports)'s Days Payable

For the Information Technology Services subindustry, Lee & Nee Softwares (Exports)'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.

Lee & Nee Softwares (Exports)'s Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Lee & Nee Softwares (Exports)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Lee & Nee Softwares (Exports)'s Days Payable falls into.

Lee & Nee Softwares (Exports) 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.

Lee & Nee Softwares (Exports)'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
=	( (2.676	+	6.422)	/	2 )	/	54.965	*	365
=	4.549					/	54.965	*	365
=	30.21

Lee & Nee Softwares (Exports)'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
=	( (3.753	+	0)	/	1 )	/	15.145	*	365 / 4
=	3.753					/	15.145	*	365 / 4
=	22.61

Lee & Nee Softwares (Exports) Days Payable Related Terms

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Lee & Nee Softwares (Exports) (BOM:517415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lee & Nee Softwares (Exports) Ltd (BOM:517415) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

14-B, Camac Street, Kolkata, WB, IND, 700017

Website

https://www.lnsel.com

Lee & Nee Softwares (Exports) Ltd is engaged in Information Technology and related services. It is engaged in the business of developing, designing, manufacturing, processing, assembling, computer software, and hardware products and allied products and providing ERP solutions and services for website design and development, mobile applications development, and digital marketing. It generates all its revenues from Computer Programming, Consultancy, and related activities.

Lee & Nee Softwares (Exports) (BOM:517415) Headlines

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