M3 (TSE:2413) Days Payable

: 127.92 (As of Dec. 2023)

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M3's average Accounts Payable for the three months ended in Dec. 2023 was 円35,544 Mil. M3's Cost of Goods Sold for the three months ended in Dec. 2023 was 円25,354 Mil. Hence, M3's Days Payable for the three months ended in Dec. 2023 was 127.92.

The historical rank and industry rank for M3's Days Payable or its related term are showing as below:

TSE:2413' s Days Payable Range Over the Past 10 Years
Min: 61.54 Med: 99.9 Max: 128.57
Current: 128.57

During the past 13 years, M3's highest Days Payable was 128.57. The lowest was 61.54. And the median was 99.90.

TSE:2413's Days Payable is ranked better than
75.21% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 61.52 vs TSE:2413: 128.57

M3's Days Payable increased from Dec. 2022 (112.51) to Dec. 2023 (127.92). It may suggest that M3 delayed paying its suppliers.

M3 Days Payable Historical Data

The historical data trend for M3'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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M3 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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100.66

99.95

104.99

106.49

118.02

M3 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															112.51	124.26	133.51	131.44	127.92

Competitive Comparison

For the Health Information Services subindustry, M3'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.

M3 Days Payable Distribution

For the Healthcare Providers & Services industry and Healthcare sector, M3's Days Payable distribution charts can be found below:

* The bar in red indicates where M3's Days Payable falls into.

M3 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.

M3'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
=	( (28978	+	32864)	/	2 )	/	95632	*	365
=	30921					/	95632	*	365
=	118.02

M3'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
=	( (36008	+	35080)	/	2 )	/	25354	*	365 / 4
=	35544					/	25354	*	365 / 4
=	127.92

M3 Days Payable Related Terms

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M3 (TSE:2413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » M3 Inc (TSE:2413) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MTHRY:USA MTHRF:USA 4YC:Germany

Address

Akasaka Intercity 10th floor, 1-11-44 Akasaka, Minato-ku, Tokyo, JPN, 105-0012

Website

http://corporate.m3.com

M3, Inc. is a Japan-based company engaged in providing medical-related services through the use of the Internet. It also supports marketing of pharmaceutical companies and medical equipment manufacturers. The company's business segment includes, Medical Portal segment, Evidence Solution segment, Overseas segment, Clinical Platform segment, Sales Platform segment, and Others. The company generates the majority of its revenue from Medical Portal segment.

M3 (TSE:2413) Headlines

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