Cube System (TSE:2335) Days Payable : 22.50 (As of Dec. 2023)

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What is Cube System Days Payable?

Cube System's average Accounts Payable for the three months ended in Dec. 2023 was 円882 Mil. Cube System's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,576 Mil. Hence, Cube System's Days Payable for the three months ended in Dec. 2023 was 22.50.

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

TSE:2335' s Days Payable Range Over the Past 10 Years
Min: 20.52 Med: 22.03 Max: 24.91
Current: 21.79

During the past 13 years, Cube System's highest Days Payable was 24.91. The lowest was 20.52. And the median was 22.03.

TSE:2335's Days Payable is ranked worse than
76.73% of 2531 companies
in the Software industry
Industry Median: 50.16 vs TSE:2335: 21.79

Cube System's Days Payable increased from Dec. 2022 (21.39) to Dec. 2023 (22.50). It may suggest that Cube System delayed paying its suppliers.

Cube System Days Payable Historical Data

The historical data trend for Cube System'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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Cube System Days Payable Chart

Cube System Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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21.48

21.02

22.34

22.05

22.17

Cube System Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															21.39	21.12	21.97	22.04	22.50

Competitive Comparison of Cube System's Days Payable

For the Information Technology Services subindustry, Cube System'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.

Cube System's Days Payable Distribution in the Software Industry

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

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

Cube System 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.

Cube System'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
=	( (753.109	+	796.239)	/	2 )	/	12755.607	*	365
=	774.674					/	12755.607	*	365
=	22.17

Cube System's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (886.823	+	876.655)	/	2 )	/	3575.848	*	365 / 4
=	881.739					/	3575.848	*	365 / 4
=	22.50

Cube System Days Payable Related Terms

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Cube System (TSE:2335) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cube System Inc (TSE:2335) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Osaki Wiz Tower, 2-11-1, Osaki, Shinagawa-ku, Tokyo, JPN, 141-0032

Website

http://www.cubesystem.co.jp

Cube System Inc is an independent information technology company. It organized into three service lines: system integration services, professional services and system outsourcing services. The system integration service includes business system design and development, system migration, downsizing, system transition and offshore development services. The system outsourcing services include the management of business applications, as well as the operation and management of systems. The professional service includes system consulting, system transition, database management and information infrastructure construction services.

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