G Tec Jainx Education (NSE:GTECJAINX) Days Payable : 38.06 (As of Sep. 2023)

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What is G Tec Jainx Education Days Payable?

G Tec Jainx Education's average Accounts Payable for the three months ended in Sep. 2023 was ₹1.83 Mil. G Tec Jainx Education's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹4.40 Mil. Hence, G Tec Jainx Education's Days Payable for the three months ended in Sep. 2023 was 38.06.

The historical rank and industry rank for G Tec Jainx Education's Days Payable or its related term are showing as below:

NSE:GTECJAINX' s Days Payable Range Over the Past 10 Years
Min: 24.26 Med: 72.26 Max: 117.62
Current: 75.08

During the past 7 years, G Tec Jainx Education's highest Days Payable was 117.62. The lowest was 24.26. And the median was 72.26.

NSE:GTECJAINX's Days Payable is ranked better than
72.77% of 213 companies
in the Education industry
Industry Median: 37.29 vs NSE:GTECJAINX: 75.08

G Tec Jainx Education's Days Payable declined from Jun. 2022 (81.21) to Sep. 2023 (38.06). It may suggest that G Tec Jainx Education accelerated paying its suppliers.

G Tec Jainx Education Days Payable Historical Data

The historical data trend for G Tec Jainx Education'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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G Tec Jainx Education Days Payable Chart

G Tec Jainx Education Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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81.71

67.57

112.16

117.62

72.26

G Tec Jainx Education Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															81.21	52.08	46.80	157.06	38.06

Competitive Comparison of G Tec Jainx Education's Days Payable

For the Education & Training Services subindustry, G Tec Jainx Education'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.

G Tec Jainx Education's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, G Tec Jainx Education's Days Payable distribution charts can be found below:

* The bar in red indicates where G Tec Jainx Education's Days Payable falls into.

G Tec Jainx Education 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.

G Tec Jainx Education'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
=	( (3.429	+	1.482)	/	2 )	/	12.403	*	365
=	2.4555					/	12.403	*	365
=	72.26

G Tec Jainx Education'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
=	( (1.482	+	2.184)	/	2 )	/	4.395	*	365 / 4
=	1.833					/	4.395	*	365 / 4
=	38.06

G Tec Jainx Education Days Payable Related Terms

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G Tec Jainx Education (NSE:GTECJAINX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » G Tec Jainx Education Ltd (NSE:GTECJAINX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pinnacle Corporate Park, Bandra Kurla Complex, Unit No. 12/A, Ninth Floor, A?Wing, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.keerti.org

G Tec Jainx Education Ltd Formerly Keerti Knowledge and Skills Ltd operates as an Information Technology training institute. The company's services include basic computer knowledge, internet, surfing, computer courses like Microsoft Office, accounting and financial management, inventory management, also various Programming Languages such as C++, .Net, Java, and Oracle, among others.

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