Zuken Elmic (TSE:4770) Days Payable : 19.55 (As of Dec. 2023)

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What is Zuken Elmic Days Payable?

Zuken Elmic's average Accounts Payable for the three months ended in Dec. 2023 was 円22.0 Mil. Zuken Elmic's Cost of Goods Sold for the three months ended in Dec. 2023 was 円102.5 Mil. Hence, Zuken Elmic's Days Payable for the three months ended in Dec. 2023 was 19.55.

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

TSE:4770' s Days Payable Range Over the Past 10 Years
Min: 20.34 Med: 33.68 Max: 56.49
Current: 20.34

During the past 13 years, Zuken Elmic's highest Days Payable was 56.49. The lowest was 20.34. And the median was 33.68.

TSE:4770's Days Payable is ranked worse than
79.2% of 2524 companies
in the Software industry
Industry Median: 50.7 vs TSE:4770: 20.34

Zuken Elmic's Days Payable declined from Dec. 2022 (30.71) to Dec. 2023 (19.55). It may suggest that Zuken Elmic accelerated paying its suppliers.

Zuken Elmic Days Payable Historical Data

The historical data trend for Zuken Elmic'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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Zuken Elmic Days Payable Chart

Zuken Elmic Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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26.48

29.09

33.38

29.93

24.60

Zuken Elmic 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															30.71	20.52	20.20	21.41	19.55

Competitive Comparison of Zuken Elmic's Days Payable

For the Software - Application subindustry, Zuken Elmic'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.

Zuken Elmic's Days Payable Distribution in the Software Industry

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

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

Zuken Elmic 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.

Zuken Elmic'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
=	( (33.608	+	24.414)	/	2 )	/	430.503	*	365
=	29.011					/	430.503	*	365
=	24.60

Zuken Elmic'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
=	( (25.787	+	18.12)	/	2 )	/	102.474	*	365 / 4
=	21.9535					/	102.474	*	365 / 4
=	19.55

Zuken Elmic Days Payable Related Terms

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Zuken Elmic (TSE:4770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zuken Elmic Inc (TSE:4770) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1-1,Shin-Yokohama, Kouhoku-ku, Yokohama, Kanagawa, JPN, 222-8505

Website

http://www.elwsc.co.jp

Zuken Elmic Inc is engaged in providing communication systems, operating systems, system integration, and factory automation (FA) software packages in Japan. Its services include middleware libraries, embedded software design consulting, hardware design consulting, design platforms and design tools.

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