FCS Software Solutions (NSE:FCSSOFT) Days Payable : 21.51 (As of Dec. 2023)

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What is FCS Software Solutions Days Payable?

FCS Software Solutions's average Accounts Payable for the three months ended in Dec. 2023 was ₹11.6 Mil. FCS Software Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹49.3 Mil. Hence, FCS Software Solutions's Days Payable for the three months ended in Dec. 2023 was 21.51.

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

NSE:FCSSOFT' s Days Payable Range Over the Past 10 Years
Min: 17.6 Med: 30.21 Max: 78.4
Current: 20.61

During the past 13 years, FCS Software Solutions's highest Days Payable was 78.40. The lowest was 17.60. And the median was 30.21.

NSE:FCSSOFT's Days Payable is ranked worse than
78.84% of 2528 companies
in the Software industry
Industry Median: 50.545 vs NSE:FCSSOFT: 20.61

FCS Software Solutions's Days Payable increased from Dec. 2022 (18.51) to Dec. 2023 (21.51). It may suggest that FCS Software Solutions delayed paying its suppliers.

FCS Software Solutions Days Payable Historical Data

The historical data trend for FCS Software 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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FCS Software Solutions Days Payable Chart

FCS Software Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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72.05

38.89

23.40

17.60

18.06

FCS Software Solutions 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															18.51	20.46	18.96	21.17	21.51

Competitive Comparison of FCS Software Solutions's Days Payable

For the Information Technology Services subindustry, FCS Software 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.

FCS Software Solutions's Days Payable Distribution in the Software Industry

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

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

FCS Software 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.

FCS Software 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
=	( (10.684	+	10.513)	/	2 )	/	214.145	*	365
=	10.5985					/	214.145	*	365
=	18.06

FCS Software Solutions'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
=	( (11.617	+	0)	/	1 )	/	49.289	*	365 / 4
=	11.617					/	49.289	*	365 / 4
=	21.51

FCS Software Solutions Days Payable Related Terms

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FCS Software Solutions (NSE:FCSSOFT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

532666:India

Address

Noida Dadri Road, Plot No. 83, Noida Phase - II, Gautam Budh Nagar, FCS House, Noida Special Economic Zone, Noida, UP, IND, 201 305

Website

https://www.fcsltd.com

FCS Software Solutions Ltd is a company that provides Information Technology (IT) services and solutions. The company business consists of software development and marketing and providing support services for Business Process Outsourcing (BPO), software development, and others. Its geographical segments include India and the USA. The company derives a majority of revenue from India. The company's division consists of IT and IT Enable Services; Education/E-Learning and Infrastructure Management. It generates maximum revenue from the IT and IT Enable Services division.

FCS Software Solutions (NSE:FCSSOFT) Headlines

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