System Research Co (TSE:3771) Days Payable : 18.45 (As of Dec. 2023)

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What is System Research Co Days Payable?

System Research Co's average Accounts Payable for the three months ended in Dec. 2023 was 円915 Mil. System Research Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,528 Mil. Hence, System Research Co's Days Payable for the three months ended in Dec. 2023 was 18.45.

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

TSE:3771' s Days Payable Range Over the Past 10 Years
Min: 13.77 Med: 18.5 Max: 20.54
Current: 18.36

During the past 13 years, System Research Co's highest Days Payable was 20.54. The lowest was 13.77. And the median was 18.50.

TSE:3771's Days Payable is ranked worse than
81.76% of 2528 companies
in the Software industry
Industry Median: 50.5 vs TSE:3771: 18.36

System Research Co's Days Payable declined from Dec. 2022 (18.48) to Dec. 2023 (18.45). It may suggest that System Research Co accelerated paying its suppliers.

System Research Co Days Payable Historical Data

The historical data trend for System Research 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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System Research Co Days Payable Chart

System Research Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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20.54

19.42

18.64

18.39

18.61

System Research Co 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															18.48	18.54	18.19	18.18	18.45

Competitive Comparison of System Research Co's Days Payable

For the Software - Application subindustry, System Research 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.

System Research Co's Days Payable Distribution in the Software Industry

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

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

System Research 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.

System Research Co'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
=	( (821.77	+	885.608)	/	2 )	/	16740.363	*	365
=	853.689					/	16740.363	*	365
=	18.61

System Research Co'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
=	( (899.434	+	931.459)	/	2 )	/	4527.8	*	365 / 4
=	915.4465					/	4527.8	*	365 / 4
=	18.45

System Research Co Days Payable Related Terms

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System Research Co (TSE:3771) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » System Research Co Ltd (TSE:3771) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-12, Iwatsukahon-tori, Nakamura-ku, Nagoya, JPN, 453-0861

Website

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

System Research Co., Ltd is a software application service provider in Japan. The business of the company includes SI service operations, outsourcing business, web related business, software development work, software product business, and product sales.

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