Findex (TSE:3649) Days Payable : 6.39 (As of Dec. 2023)

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What is Findex Days Payable?

Findex's average Accounts Payable for the three months ended in Dec. 2023 was 円36 Mil. Findex's Cost of Goods Sold for the three months ended in Dec. 2023 was 円520 Mil. Hence, Findex's Days Payable for the three months ended in Dec. 2023 was 6.39.

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

TSE:3649' s Days Payable Range Over the Past 10 Years
Min: 5.71 Med: 17.76 Max: 30.9
Current: 10.13

During the past 13 years, Findex's highest Days Payable was 30.90. The lowest was 5.71. And the median was 17.76.

TSE:3649's Days Payable is ranked worse than
92.05% of 591 companies
in the Healthcare Providers & Services industry
Industry Median: 61.58 vs TSE:3649: 10.13

Findex's Days Payable declined from Dec. 2022 (10.59) to Dec. 2023 (6.39). It may suggest that Findex accelerated paying its suppliers.

Findex Days Payable Historical Data

The historical data trend for Findex'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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Findex Days Payable Chart

Findex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.08

5.71

18.78

30.59

11.82

Findex 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															10.59	14.18	11.03	6.37	6.39

Competitive Comparison of Findex's Days Payable

For the Health Information Services subindustry, Findex'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.

Findex's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Findex's Days Payable distribution charts can be found below:

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

Findex 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.

Findex's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (81.209	+	39.379)	/	2 )	/	1862.259	*	365
=	60.294					/	1862.259	*	365
=	11.82

Findex'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
=	( (33.47	+	39.379)	/	2 )	/	520.345	*	365 / 4
=	36.4245					/	520.345	*	365 / 4
=	6.39

Findex Days Payable Related Terms

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Findex (TSE:3649) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Findex Inc (TSE:3649) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-9-6, Sanbancho Matsuyama, Ehime, Matsuyama, JPN, 790-0003

Website

http://www.findex.co.jp

Findex Inc provides the systems that can be all managed images and documents of all departments to hospitals including university hospitals on the concept of integrated data management.

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