GlobalSpace Technologies (BOM:540654) Days Payable : 23.69 (As of Dec. 2023)

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What is GlobalSpace Technologies Days Payable?

GlobalSpace Technologies's average Accounts Payable for the three months ended in Dec. 2023 was ₹14.7 Mil. GlobalSpace Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹56.6 Mil. Hence, GlobalSpace Technologies's Days Payable for the three months ended in Dec. 2023 was 23.69.

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

BOM:540654' s Days Payable Range Over the Past 10 Years
Min: 29.99 Med: 92.27 Max: 374.98
Current: 56.65

During the past 11 years, GlobalSpace Technologies's highest Days Payable was 374.98. The lowest was 29.99. And the median was 92.27.

BOM:540654's Days Payable is ranked better than
53.04% of 2532 companies
in the Software industry
Industry Median: 50.275 vs BOM:540654: 56.65

GlobalSpace Technologies's Days Payable declined from Jun. 2022 (178.66) to Dec. 2023 (23.69). It may suggest that GlobalSpace Technologies accelerated paying its suppliers.

GlobalSpace Technologies Days Payable Historical Data

The historical data trend for GlobalSpace Technologies'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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GlobalSpace Technologies Days Payable Chart

GlobalSpace Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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374.98

44.56

31.07

216.35

41.00

GlobalSpace Technologies Quarterly Data
	Mar18	Sep18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
Days Payable	Get a 7-Day Free Trial															178.66	49.41	32.58	40.67	23.69

Competitive Comparison of GlobalSpace Technologies's Days Payable

For the Software - Application subindustry, GlobalSpace Technologies'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.

GlobalSpace Technologies's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where GlobalSpace Technologies's Days Payable falls into.

GlobalSpace Technologies 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.

GlobalSpace Technologies'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
=	( (10.845	+	14.688)	/	2 )	/	113.643	*	365
=	12.7665					/	113.643	*	365
=	41.00

GlobalSpace Technologies'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: Mar. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (14.688	+	0)	/	1 )	/	56.564	*	365 / 4
=	14.688					/	56.564	*	365 / 4
=	23.69

GlobalSpace Technologies Days Payable Related Terms

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GlobalSpace Technologies (BOM:540654) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GlobalSpace Technologies Ltd (BOM:540654) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office No. 605, A-1, B-Wing, Rupa Solitaire Building, 6th Floor, Sec-1, Millennium Business Park, MIDC, Mahape, Navi Mumbai, MH, IND, 400710

Website

https://www.globalspace.in

GlobalSpace Technologies Ltd is a software product company and an enterprise mobility solutions provider. The company provides technology-enabled business enhancement solutions. It serves pharma; BSFI; Education and other enterprises, Mobiles development, Website development, ERP software development, etc. The company generates revenue from the sale of products including accessories, Software, Professional fees, and others.

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