Sohgo Security Services Co (TSE:2331) Days Payable : 20.21 (As of Dec. 2023)

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What is Sohgo Security Services Co Days Payable?

Sohgo Security Services Co's average Accounts Payable for the three months ended in Dec. 2023 was 円22,467 Mil. Sohgo Security Services Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円101,453 Mil. Hence, Sohgo Security Services Co's Days Payable for the three months ended in Dec. 2023 was 20.21.

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

TSE:2331' s Days Payable Range Over the Past 10 Years
Min: 22.12 Med: 25.71 Max: 30.03
Current: 22.12

During the past 13 years, Sohgo Security Services Co's highest Days Payable was 30.03. The lowest was 22.12. And the median was 25.71.

TSE:2331's Days Payable is ranked worse than
75.51% of 927 companies
in the Business Services industry
Industry Median: 47.14 vs TSE:2331: 22.12

Sohgo Security Services Co's Days Payable declined from Dec. 2022 (21.64) to Dec. 2023 (20.21). It may suggest that Sohgo Security Services Co accelerated paying its suppliers.

Sohgo Security Services Co Days Payable Historical Data

The historical data trend for Sohgo Security Services 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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Sohgo Security Services Co Days Payable Chart

Sohgo Security Services Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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25.35

25.55

25.56

23.69

25.96

Sohgo Security Services 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															21.64	23.34	25.31	20.60	20.21

Competitive Comparison of Sohgo Security Services Co's Days Payable

For the Security & Protection Services subindustry, Sohgo Security Services 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.

Sohgo Security Services Co's Days Payable Distribution in the Business Services Industry

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

* The bar in red indicates where Sohgo Security Services Co's Days Payable falls into.

Sohgo Security Services 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.

Sohgo Security Services 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
=	( (23098	+	29669)	/	2 )	/	370998	*	365
=	26383.5					/	370998	*	365
=	25.96

Sohgo Security Services 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
=	( (21689	+	23244)	/	2 )	/	101453	*	365 / 4
=	22466.5					/	101453	*	365 / 4
=	20.21

Sohgo Security Services Co Days Payable Related Terms

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Sohgo Security Services Co (TSE:2331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sohgo Security Services Co Ltd (TSE:2331) » Definitions » Days Payable

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Traded in Other Exchanges

SOHGY:USA

Address

1-6-6 Moto-Akasaka, Minato-ku, Tokyo, JPN, 107-8511

Website

https://www.alsok.co.jp

Sohgo Security Services Co Ltd is a Japanese security services provider. The services and products offered include home security systems, personal security for senior citizens, children and women, life support such as housework contracting, listening-device inspection and long-term care, online security systems for corporations, electronic security systems with monitoring capabilities, ATM management systems, damage insurance, and housing complexes security services.

Sohgo Security Services Co (TSE:2331) Headlines

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