Showa System Engineering (TSE:4752) Days Payable : 17.44 (As of Dec. 2023)

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What is Showa System Engineering Days Payable?

Showa System Engineering's average Accounts Payable for the three months ended in Dec. 2023 was 円329 Mil. Showa System Engineering's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,721 Mil. Hence, Showa System Engineering's Days Payable for the three months ended in Dec. 2023 was 17.44.

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

TSE:4752' s Days Payable Range Over the Past 10 Years
Min: 15.4 Med: 17.92 Max: 20.31
Current: 18.07

During the past 13 years, Showa System Engineering's highest Days Payable was 20.31. The lowest was 15.40. And the median was 17.92.

TSE:4752's Days Payable is ranked worse than
82.29% of 2519 companies
in the Software industry
Industry Median: 50.96 vs TSE:4752: 18.07

Showa System Engineering's Days Payable increased from Dec. 2022 (16.58) to Dec. 2023 (17.44). It may suggest that Showa System Engineering delayed paying its suppliers.

Showa System Engineering Days Payable Historical Data

The historical data trend for Showa System Engineering'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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Showa System Engineering Days Payable Chart

Showa System Engineering Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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15.54

17.40

17.68

16.57

18.43

Showa System Engineering 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															16.58	17.31	19.46	19.55	17.44

Competitive Comparison of Showa System Engineering's Days Payable

For the Information Technology Services subindustry, Showa System Engineering'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.

Showa System Engineering's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Showa System Engineering's Days Payable distribution charts can be found below:

* The bar in red indicates where Showa System Engineering's Days Payable falls into.

Showa System Engineering 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.

Showa System Engineering'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
=	( (253.296	+	338.168)	/	2 )	/	5856.511	*	365
=	295.732					/	5856.511	*	365
=	18.43

Showa System Engineering'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
=	( (340.588	+	317.089)	/	2 )	/	1720.627	*	365 / 4
=	328.8385					/	1720.627	*	365 / 4
=	17.44

Showa System Engineering Days Payable Related Terms

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Showa System Engineering (TSE:4752) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Showa System Engineering Corp (TSE:4752) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15-18, Kodenma-cho, Chuo-ku, Tokyo, JPN, 103-0001

Website

http://www.showa-sys-eng.co.jp

Showa System Engineering Corp is engaged in development of information systems, system integration, consulting on development and operation of information systems, and BPO entry service.

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