Wipro (WIT) Change in Account Payables (2009 - 2023)
Wipro (WIT) posted quarterly Change in Account Payables of -$38.8 million for Q3 2023, down 125.88% year-over-year from $150.0 million in Q3 2022, and up 60.4% quarter-over-quarter from -$98.0 million in Q2 2023.
Wipro (WIT) Change in Account Payables (2009 - 2023) Analysis & Trends
Wipro (WIT) has reported Change in Account Payables for 10 consecutive years, with -$38.8 million the latest figure, recorded in Q3 2023.
- In Q3 2023, Change in Account Payables fell 125.88% year-over-year to -$38.8 million; the TTM figure through Sep 2023 stood at -$222.6 million (down 505.07% YoY), while the FY2024 annual figure was -$5.0 million, up 95.83% from the prior year.
- Change in Account Payables grew to -$38.8 million in Q3 2023 per WIT's latest filing, from -$98.0 million in the prior quarter.
- Across five years, Change in Account Payables topped out at $177.9 million in Q1 2022 and bottomed at -$191.2 million in Q2 2022.
- Historically, Change in Account Payables has averaged -$4.3 million across 5 years, with a median of -$9.8 million in 2019.
- Annual changes were most pronounced in 2021 — Change in Account Payables slumped 2176.52% — and 2022, when it surged 1289.04%.
- Wipro's Change in Account Payables stood at -$59.1 million in 2019, then surged by 106.67% to $3.9 million in 2020, then plunged by 2176.52% to -$81.8 million in 2021, then dropped by 4.34% to -$85.4 million in 2022, then surged by 54.54% to -$38.8 million in 2023.
- Business Quant data shows WIT's Change in Account Payables at -$38.8 million in Q3 2023, -$98.0 million in Q2 2023, and -$389275.3 in Q1 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Account Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.17 Bn | 210.81 Bn | 9.91 Bn | - |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 60.59 Mn |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | -39.00 Mn |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 4.00 Mn |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | - |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | - |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | - |
| 9 | Leidos Holdings | 17.81 Bn | 17.07 Bn | 817.00 Mn | - |
| 10 | Cdw | 17.49 Bn | 17.13 Bn | 1.32 Bn | 554.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | -38.81 Mn |
| Sep 30, 2023 | -38.81 Mn |
| Jun 30, 2023 | -98.01 Mn |
| Jun 30, 2023 | -98.01 Mn |
| Mar 31, 2023 | -389,275.27 |
| Mar 31, 2023 | -389,275.27 |
| Dec 31, 2022 | -85.37 Mn |
| Dec 31, 2022 | -85.37 Mn |
| Sep 30, 2022 | 149.97 Mn |
| Sep 30, 2022 | 149.97 Mn |
| Jun 30, 2022 | -191.15 Mn |
| Jun 30, 2022 | -191.15 Mn |
| Mar 31, 2022 | 177.94 Mn |
| Mar 31, 2022 | 177.94 Mn |
| Dec 31, 2021 | -81.81 Mn |
| Dec 31, 2021 | -81.81 Mn |
| Sep 30, 2021 | 10.80 Mn |
| Sep 30, 2021 | 10.80 Mn |
| Jun 30, 2021 | 22.31 Mn |
| Jun 30, 2021 | 22.31 Mn |