Tata Technologies (NSE:TATATECH) Days Payable : 58.75 (As of Mar. 2024)

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What is Tata Technologies Days Payable?

Tata Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ₹4,814 Mil. Tata Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹7,477 Mil. Hence, Tata Technologies's Days Payable for the three months ended in Mar. 2024 was 58.75.

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

NSE:TATATECH' s Days Payable Range Over the Past 10 Years
Min: 47.87 Med: 56.6 Max: 123.82
Current: 123.82

During the past 5 years, Tata Technologies's highest Days Payable was 123.82. The lowest was 47.87. And the median was 56.60.

NSE:TATATECH's Days Payable is ranked better than
74.44% of 2527 companies
in the Software industry
Industry Median: 49.58 vs NSE:TATATECH: 123.82

Tata Technologies's Days Payable declined from Dec. 2022 (63.54) to Mar. 2024 (58.75). It may suggest that Tata Technologies accelerated paying its suppliers.

Tata Technologies Days Payable Historical Data

The historical data trend for Tata 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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Tata Technologies Days Payable Chart

Tata Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

51.47

56.60

47.87

71.74

66.08

Tata Technologies Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial					63.54	64.42	-	51.92	58.75

Competitive Comparison of Tata Technologies's Days Payable

For the Information Technology Services subindustry, Tata 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.

Tata Technologies's Days Payable Distribution in the Software Industry

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

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

Tata 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.

Tata Technologies's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (6578.1	+	4813.8)	/	2 )	/	31460.6	*	365
=	5695.95					/	31460.6	*	365
=	66.08

Tata Technologies's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	4813.8)	/	1 )	/	7477.3	*	365 / 4
=	4813.8					/	7477.3	*	365 / 4
=	58.75

Tata Technologies Days Payable Related Terms

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Tata Technologies (NSE:TATATECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tata Technologies Ltd (NSE:TATATECH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

544028:India

Address

Plot No. 25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune, MH, IND, 411 057

Website

https://www.tatatechnologies.com/in

Tata Technologies Ltd is a engineering services company offering product development and digital solutions, including turnkey solutions, to original equipment manufacturers (OEMs) and their tier-1 suppliers. It endeavors to create value for its clients by helping them develop safer products, and cleaner and improve the quality of life for their end-customers. It has deep domain expertise in the automotive industry and leverages this expertise to serve its clients in adjacent industries, such as aerospace and transportation and construction heavy machinery. As an organization, it brings together diverse teams from different parts of the world with multiple skill sets to collaborate in real time and solve complex engineering problems for its clients.

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