Miroku Jyoho Service Co (TSE:9928) Days Payable : 26.50 (As of Dec. 2023)

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What is Miroku Jyoho Service Co Days Payable?

Miroku Jyoho Service Co's average Accounts Payable for the three months ended in Dec. 2023 was 円1,302 Mil. Miroku Jyoho Service Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,484 Mil. Hence, Miroku Jyoho Service Co's Days Payable for the three months ended in Dec. 2023 was 26.50.

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

TSE:9928' s Days Payable Range Over the Past 10 Years
Min: 27.6 Med: 30.24 Max: 38.54
Current: 27.6

During the past 13 years, Miroku Jyoho Service Co's highest Days Payable was 38.54. The lowest was 27.60. And the median was 30.24.

TSE:9928's Days Payable is ranked worse than
69.68% of 2526 companies
in the Software industry
Industry Median: 50.42 vs TSE:9928: 27.60

Miroku Jyoho Service Co's Days Payable declined from Dec. 2022 (29.33) to Dec. 2023 (26.50). It may suggest that Miroku Jyoho Service Co accelerated paying its suppliers.

Miroku Jyoho Service Co Days Payable Historical Data

The historical data trend for Miroku Jyoho Service 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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Miroku Jyoho Service Co Days Payable Chart

Miroku Jyoho Service Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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38.54

28.83

29.47

29.73

29.38

Miroku Jyoho Service 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															29.33	25.84	31.03	28.46	26.50

Competitive Comparison of Miroku Jyoho Service Co's Days Payable

For the Software - Application subindustry, Miroku Jyoho Service 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.

Miroku Jyoho Service Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Miroku Jyoho Service Co's Days Payable falls into.

Miroku Jyoho Service 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.

Miroku Jyoho Service 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
=	( (1235	+	1318)	/	2 )	/	15858	*	365
=	1276.5					/	15858	*	365
=	29.38

Miroku Jyoho Service 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
=	( (1303	+	1301)	/	2 )	/	4484	*	365 / 4
=	1302					/	4484	*	365 / 4
=	26.50

Miroku Jyoho Service Co Days Payable Related Terms

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Miroku Jyoho Service Co (TSE:9928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Miroku Jyoho Service Co Ltd (TSE:9928) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-29-1 Yotsuya, Tokyo, JPN, 160-0004

Website

http://www.mjs.co.jp

Miroku Jyoho Service Co Ltd offers systems, solutions, and services to accounting firms and their client companies, small and mid-sized companies and data-compatible financial accounting systems. The firm's products include software applications, hardware, and supplies. Its services include tax service, account processing service, management guidance service, IT support and provision of management information services and installation and software and hardware support services etc.

Miroku Jyoho Service Co (TSE:9928) Headlines

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