Daiwa Tsushin Co (TSE:7116) Days Payable : 15.49 (As of Dec. 2023)

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What is Daiwa Tsushin Co Days Payable?

Daiwa Tsushin Co's average Accounts Payable for the three months ended in Dec. 2023 was 円154 Mil. Daiwa Tsushin Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円909 Mil. Hence, Daiwa Tsushin Co's Days Payable for the three months ended in Dec. 2023 was 15.49.

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

TSE:7116' s Days Payable Range Over the Past 10 Years
Min: 15.61 Med: 16.49 Max: 19.94
Current: 18.04

During the past 3 years, Daiwa Tsushin Co's highest Days Payable was 19.94. The lowest was 15.61. And the median was 16.49.

TSE:7116's Days Payable is ranked worse than
81.08% of 925 companies
in the Business Services industry
Industry Median: 47.75 vs TSE:7116: 18.04

Daiwa Tsushin Co's Days Payable declined from Dec. 2022 (18.56) to Dec. 2023 (15.49). It may suggest that Daiwa Tsushin Co accelerated paying its suppliers.

Daiwa Tsushin Co Days Payable Historical Data

The historical data trend for Daiwa Tsushin 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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Daiwa Tsushin Co Days Payable Chart

Daiwa Tsushin Co Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

19.94

15.61

16.49

Daiwa Tsushin Co Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			18.56	15.36	26.41	19.43	15.49

Competitive Comparison of Daiwa Tsushin Co's Days Payable

For the Security & Protection Services subindustry, Daiwa Tsushin 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.

Daiwa Tsushin Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Daiwa Tsushin Co's Days Payable distribution charts can be found below:

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

Daiwa Tsushin 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.

Daiwa Tsushin 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
=	( (76.309	+	213.495)	/	2 )	/	3207.044	*	365
=	144.902					/	3207.044	*	365
=	16.49

Daiwa Tsushin 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
=	( (147.254	+	161.182)	/	2 )	/	908.704	*	365 / 4
=	154.218					/	908.704	*	365 / 4
=	15.49

Daiwa Tsushin Co Days Payable Related Terms

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Daiwa Tsushin Co (TSE:7116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Daiwa Tsushin Co Ltd (TSE:7116) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-180 Irie, Kanazawa-shi, Ishikawa, JPN, 921-8011

Website

https://www.daiwawa.com

Daiwa Tsushin Co Ltd operates in the security business. It is engaged in the planning and sales of security cameras, provision of solutions using face recognition technology and mobile business.

Daiwa Tsushin Co (TSE:7116) Headlines

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