Kinjiro Co (TSE:4013) Days Payable : 9.74 (As of Mar. 2024)

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What is Kinjiro Co Days Payable?

Kinjiro Co's average Accounts Payable for the three months ended in Mar. 2024 was 円45 Mil. Kinjiro Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円419 Mil. Hence, Kinjiro Co's Days Payable for the three months ended in Mar. 2024 was 9.74.

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

TSE:4013' s Days Payable Range Over the Past 10 Years
Min: 11.15 Med: 21.12 Max: 34.29
Current: 11.15

During the past 6 years, Kinjiro Co's highest Days Payable was 34.29. The lowest was 11.15. And the median was 21.12.

TSE:4013's Days Payable is ranked worse than
90.4% of 2532 companies
in the Software industry
Industry Median: 50.145 vs TSE:4013: 11.15

Kinjiro Co's Days Payable declined from Mar. 2023 (18.29) to Mar. 2024 (9.74). It may suggest that Kinjiro Co accelerated paying its suppliers.

Kinjiro Co Days Payable Historical Data

The historical data trend for Kinjiro 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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Kinjiro Co Days Payable Chart

Kinjiro Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.52

20.06

19.29

22.18

15.48

Kinjiro Co Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													18.29	13.74	11.57	9.48	9.74

Competitive Comparison of Kinjiro Co's Days Payable

For the Software - Application subindustry, Kinjiro 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.

Kinjiro Co's Days Payable Distribution in the Software Industry

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

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

Kinjiro 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.

Kinjiro Co'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
=	( (72.677	+	48.756)	/	2 )	/	1431.553	*	365
=	60.7165					/	1431.553	*	365
=	15.48

Kinjiro Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (48.756	+	40.602)	/	2 )	/	418.596	*	365 / 4
=	44.679					/	418.596	*	365 / 4
=	9.74

Kinjiro Co Days Payable Related Terms

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Kinjiro Co (TSE:4013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kinjiro Co Ltd (TSE:4013) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-14-1 Sotokanda, Chiyoda-ku, Tokyo, JPN, 101-0021

Website

https://www.nittsusystem.co.jp

Kinjiro Co Ltd, formerly Nittsusystem Co Ltd is engaged in provision of cloud-based and on-premises unified ERP services for Human Resource Management solutions. The company develops and sells ERP packages centered on work; provides ASP/SaaS services; Health x Life Development and sales of portal system; develops and sells of labor cost management system; hardware such as work terminals; and provides consulting to system construction and support. Its products include Kujiro Enterprise series; Work solutions, HR solutions, Payroll solutions, Healthcare solutions, Labor cost management system; and Employment information terminal.

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