ITCONS E-Solutions (BOM:543806) Days Payable : 28.01 (As of Sep. 2023)

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What is ITCONS E-Solutions Days Payable?

ITCONS E-Solutions's average Accounts Payable for the six months ended in Sep. 2023 was ₹16.1 Mil. ITCONS E-Solutions's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹104.6 Mil. Hence, ITCONS E-Solutions's Days Payable for the six months ended in Sep. 2023 was 28.01.

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

BOM:543806' s Days Payable Range Over the Past 10 Years
Min: 15.66 Med: 545.19 Max: 1074.72
Current: 27.91

During the past 4 years, ITCONS E-Solutions's highest Days Payable was 1074.72. The lowest was 15.66. And the median was 545.19.

BOM:543806's Days Payable is ranked worse than
69.12% of 923 companies
in the Business Services industry
Industry Median: 47.39 vs BOM:543806: 27.91

ITCONS E-Solutions's Days Payable increased from Sep. 2022 (3.03) to Sep. 2023 (28.01). It may suggest that ITCONS E-Solutions delayed paying its suppliers.

ITCONS E-Solutions Days Payable Historical Data

The historical data trend for ITCONS E-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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ITCONS E-Solutions Days Payable Chart

ITCONS E-Solutions Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

1,074.72

15.66

ITCONS E-Solutions Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			-	-	3.03	27.21	28.01

Competitive Comparison of ITCONS E-Solutions's Days Payable

For the Staffing & Employment Services subindustry, ITCONS E-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.

ITCONS E-Solutions's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ITCONS E-Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where ITCONS E-Solutions's Days Payable falls into.

ITCONS E-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.

ITCONS E-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
=	( (3.763	+	15.706)	/	2 )	/	226.859	*	365
=	9.7345					/	226.859	*	365
=	15.66

ITCONS E-Solutions's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (15.706	+	16.394)	/	2 )	/	104.565	*	365 / 2
=	16.05					/	104.565	*	365 / 2
=	28.01

ITCONS E-Solutions Days Payable Related Terms

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ITCONS E-Solutions (BOM:543806) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ITCONS E-Solutions Ltd (BOM:543806) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jamna Lal Bajaj Marg, 3rd Floor, B-10, Bajaj Bhawan, Sector-3, Noida, UP, IND, 201301

Website

https://www.itconsinc.com

ITCONS E-Solutions Ltd is engaged in the business of providing human resource services to both public and private organizations mostly in the organized sector in diverse roles and responsibilities. The company's services include Manpower Supply & Recruitment Services; and Manpower Sourcing & Staffing Services. The Manpower Supply Services account for a majority of its revenues, and Manpower Souring Services contribute to the rest of its revenues.

ITCONS E-Solutions (BOM:543806) Headlines

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