Nihar Info Global (BOM:531083) Days Payable : 252.50 (As of Dec. 2023)

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What is Nihar Info Global Days Payable?

Nihar Info Global's average Accounts Payable for the three months ended in Dec. 2023 was ₹13.13 Mil. Nihar Info Global's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹4.75 Mil. Hence, Nihar Info Global's Days Payable for the three months ended in Dec. 2023 was 252.50.

The historical rank and industry rank for Nihar Info Global's Days Payable or its related term are showing as below:

BOM:531083' s Days Payable Range Over the Past 10 Years
Min: 21.72 Med: 75.49 Max: 21524.86
Current: 92.33

During the past 13 years, Nihar Info Global's highest Days Payable was 21524.86. The lowest was 21.72. And the median was 75.49.

BOM:531083's Days Payable is ranked better than
66.88% of 2536 companies
in the Software industry
Industry Median: 50.01 vs BOM:531083: 92.33

Nihar Info Global's Days Payable increased from Dec. 2022 (79.31) to Dec. 2023 (252.50). It may suggest that Nihar Info Global delayed paying its suppliers.

Nihar Info Global Days Payable Historical Data

The historical data trend for Nihar Info Global'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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Nihar Info Global Days Payable Chart

Nihar Info Global Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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37.10

190.60

339.86

55.55

75.49

Nihar Info Global 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															79.31	24.73	21.56	126.73	252.50

Competitive Comparison of Nihar Info Global's Days Payable

For the Information Technology Services subindustry, Nihar Info Global'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.

Nihar Info Global's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Nihar Info Global's Days Payable distribution charts can be found below:

* The bar in red indicates where Nihar Info Global's Days Payable falls into.

Nihar Info Global 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.

Nihar Info Global'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
=	( (16.867	+	2.612)	/	2 )	/	47.091	*	365
=	9.7395					/	47.091	*	365
=	75.49

Nihar Info Global'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
=	( (13.13	+	0)	/	1 )	/	4.745	*	365 / 4
=	13.13					/	4.745	*	365 / 4
=	252.50

Nihar Info Global Days Payable Related Terms

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Nihar Info Global (BOM:531083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nihar Info Global Ltd (BOM:531083) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

H.No: 1-98/9/3/32T, Image Garden Road, 2nd Floor, Plot No: 50, Syno-70871, Silicon Valley, Madhapur, Hyderabad, TG, IND, 500 081

Website

http://www.nihar.info

Nihar Info Global Ltd is engaged in e-commerce and software business in India. The company undertakes development and/or trade-in sale, import or exports of computer software and carry out on the business of Research and development, designing, manufacturing, trading, and dealing in all type of computer software and hardware and render consultancy services in the field of software development and turnkey projects and solutions.

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