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Micropro Software Solutions (NSE:MICROPRO) Days Payable : 52.02 (As of Mar. 2023)


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What is Micropro Software Solutions Days Payable?

Micropro Software Solutions's average Accounts Payable for the six months ended in Mar. 2023 was ₹10.8 Mil. Micropro Software Solutions's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹75.7 Mil. Hence, Micropro Software Solutions's Days Payable for the six months ended in Mar. 2023 was 26.01.

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

NSE:MICROPRO' s Days Payable Range Over the Past 10 Years
Min: 38.33   Med: 43.69   Max: 52.02
Current: 52.02

During the past 3 years, Micropro Software Solutions's highest Days Payable was 52.02. The lowest was 38.33. And the median was 43.69.

NSE:MICROPRO's Days Payable is ranked better than
50.75% of 2526 companies
in the Software industry
Industry Median: 50.42 vs NSE:MICROPRO: 52.02

Micropro Software Solutions's Days Payable increased from Mar. 2021 (38.33) to Mar. 2023 (52.02). It may suggest that Micropro Software Solutions delayed paying its suppliers.

Micropro Software Solutions Days Payable Historical Data

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

Micropro Software Solutions Annual Data
Trend Mar21 Mar22 Mar23
Days Payable
38.33 43.69 52.02

Micropro Software Solutions Semi-Annual Data
Mar21 Mar22 Mar23
Days Payable 38.33 43.69 52.02

Competitive Comparison of Micropro Software Solutions's Days Payable

For the Information Technology Services subindustry, Micropro 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.

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

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

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


Micropro 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.

Micropro 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
=( (11.804 + 9.772) / 2 ) / 75.696*365
=10.788 / 75.696*365
=52.02

Micropro Software Solutions's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

Days Payable (Q: Mar. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2022 ) + Accounts Payable (Q: Mar. 2023 )) / count ) / Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=( (11.804 + 9.772) / 2 ) / 75.696*365 / 2
=10.788 / 75.696*365 / 2
=26.01

* 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.

Micropro Software Solutions Days Payable Related Terms

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Micropro Software Solutions (NSE:MICROPRO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Micropro Software Solutions Ltd (NSE:MICROPRO) » Definitions » Days Payable
Comparable Companies
Traded in Other Exchanges
N/A
Address
Gayatri Nagar Road, Plot NO. 28, 102 Wing A, 7th Floor, VIPL IT Park Building, Nagpur, MH, IND, 440022
Website
https://www.microproindia.com
Micropro Software Solutions Ltd is engaged in the business of providing software development, maintenance services as well as trading of hardware and software products. The company provides consulting along with technical services and IT solutions to its clients across different industries. The services offered by the company include IT Infrastructure Management, Manpower Services, Network and Security Services among others. It also offers software products such as HospyCare, OpenSys-Logix, OpenSys MicroBooks and others.

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