SYLA Technologies Co (SYLA Technologies Co) Days Payable

: 10.24 (As of Jun. 2023)

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SYLA Technologies Co's average Accounts Payable for the six months ended in Jun. 2023 was $2.8 Mil. SYLA Technologies Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $49.4 Mil. Hence, SYLA Technologies Co's Days Payable for the six months ended in Jun. 2023 was 10.24.

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

SYT' s Days Payable Range Over the Past 10 Years
Min: 6.69 Med: 7.98 Max: 9.64
Current: 7.52

During the past 3 years, SYLA Technologies Co's highest Days Payable was 9.64. The lowest was 6.69. And the median was 7.98.

SYT's Days Payable is ranked worse than
94.21% of 2522 companies
in the Software industry
Industry Median: 51.51 vs SYT: 7.52

SYLA Technologies Co's Days Payable declined from Jun. 2022 (11.80) to Jun. 2023 (10.24). It may suggest that SYLA Technologies Co accelerated paying its suppliers.

SYLA Technologies Co Days Payable Historical Data

The historical data trend for SYLA Technologies Co'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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SYLA Technologies Co Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

6.69

7.98

9.64

SYLA Technologies Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial			6.80	8.62	11.80	8.28	10.24

Competitive Comparison

For the Software - Application subindustry, SYLA Technologies Co'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.

SYLA Technologies Co Days Payable Distribution

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

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

SYLA Technologies Co 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.

SYLA Technologies Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (3.372	+	3.856)	/	2 )	/	136.767	*	365
=	3.614					/	136.767	*	365
=	9.64

SYLA Technologies Co's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (3.856	+	1.682)	/	2 )	/	49.361	*	365 / 2
=	2.769					/	49.361	*	365 / 2
=	10.24

SYLA Technologies Co Days Payable Related Terms

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SYLA Technologies Co (SYLA Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SYLA Technologies Co Ltd (NAS:SYT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-39 Hiroo, Ebisu Prime Square 7th Floor, Shibuya-ku, Tokyo, JPN

Website

https://www.syla-tech.jp

SYLA Technologies Co Ltd is a property technology company. It provides asset management platform systems that facilitate real estate crowd-funding as well as the purchase and sale of real estate.