DIP (DPRTF) Days Payable : 26.92 (As of Feb. 2024)

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What is DIP Days Payable?

DIP's average Accounts Payable for the three months ended in Feb. 2024 was $2.9 Mil. DIP's Cost of Goods Sold for the three months ended in Feb. 2024 was $9.9 Mil. Hence, DIP's Days Payable for the three months ended in Feb. 2024 was 26.92.

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

DPRTF' s Days Payable Range Over the Past 10 Years
Min: 26.75 Med: 29.34 Max: 33.04
Current: 27.39

During the past 13 years, DIP's highest Days Payable was 33.04. The lowest was 26.75. And the median was 29.34.

DPRTF's Days Payable is ranked worse than
69.91% of 924 companies
in the Business Services industry
Industry Median: 47.92 vs DPRTF: 27.39

DIP's Days Payable declined from Feb. 2023 (28.36) to Feb. 2024 (26.92). It may suggest that DIP accelerated paying its suppliers.

DIP Days Payable Historical Data

The historical data trend for DIP'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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DIP Days Payable Chart

DIP Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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28.91

29.12

28.45

31.09

29.69

DIP Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															28.36	28.44	28.75	26.54	26.92

Competitive Comparison of DIP's Days Payable

For the Staffing & Employment Services subindustry, DIP'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.

DIP's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, DIP's Days Payable distribution charts can be found below:

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

DIP 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.

DIP's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (3.294	+	3.04)	/	2 )	/	38.933	*	365
=	3.167					/	38.933	*	365
=	29.69

DIP's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (2.814	+	3.04)	/	2 )	/	9.923	*	365 / 4
=	2.927					/	9.923	*	365 / 4
=	26.92

DIP Days Payable Related Terms

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DIP (DPRTF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » DIP Corp (OTCPK:DPRTF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2379:Japan

Address

32nd Floor, Izumi Garden Tower, 1-6-1 Roppongi, Minato-ku, Tokyo, JPN, 106-6032

Website

http://www.dip-net.co.jp

Dip is a Japan-based technology company that mainly provides job information and employment agency services online. The company has five business divisions. The Baitoru Com segment offers job information to contractors and recruiting companies. The Job Engine segment provides job offering and career change information to recruiting companies. The Hatarako Net provides staff service job information to staffing companies. The Other division specializes in services for restaurant customers, while the Agent segment provides employment services for healthcare facilities.