Innotech (Innotech) Days Payable : 34.75 (As of Dec. 2023)

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What is Innotech Days Payable?

Innotech's average Accounts Payable for the three months ended in Dec. 2023 was $18.73 Mil. Innotech's Cost of Goods Sold for the three months ended in Dec. 2023 was $49.19 Mil. Hence, Innotech's Days Payable for the three months ended in Dec. 2023 was 34.75.

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

INNCF' s Days Payable Range Over the Past 10 Years
Min: 24.84 Med: 32.36 Max: 37.74
Current: 36.52

During the past 13 years, Innotech's highest Days Payable was 37.74. The lowest was 24.84. And the median was 32.36.

INNCF's Days Payable is ranked worse than
81.68% of 2424 companies
in the Hardware industry
Industry Median: 68.08 vs INNCF: 36.52

Innotech's Days Payable declined from Dec. 2022 (42.16) to Dec. 2023 (34.75). It may suggest that Innotech accelerated paying its suppliers.

Innotech Days Payable Historical Data

The historical data trend for Innotech'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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Innotech Days Payable Chart

Innotech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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33.80

35.39

31.27

39.31

40.13

Innotech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															35.84	45.45	35.34	34.75	33.10

Competitive Comparison of Innotech's Days Payable

For the Electronics & Computer Distribution subindustry, Innotech'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.

Innotech's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Innotech's Days Payable distribution charts can be found below:

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

Innotech 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.

Innotech's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (22.843	+	18.543)	/	2 )	/	188.215	*	365
=	20.693					/	188.215	*	365
=	40.13

Innotech'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
=	( (18.993	+	18.469)	/	2 )	/	49.189	*	365 / 4
=	18.731					/	49.189	*	365 / 4
=	34.75

Innotech Days Payable Related Terms

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Innotech (Innotech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Innotech Corp (OTCPK:INNCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9880:Japan

Address

3-17-6, Shinyokohama Kouhoku-ku, Yokohama-shi, Kanagawa, JPN, 222-8580

Website

http://www.innotech.co.jp

Innotech Corp is engaged in the electronics distribution business segment. The company is involved in various business units that are integrated solution, which sells electronic design automation (EDA) software which assists designing of LSIs and electronic circuit boards; test solution, which provide various test solutions utilized during the semiconductor manufacturing process; intelligent system solution, which sells semiconductor devices, and other devices; advance products, which sell hard disk drives, and other memory products; and design analysis solution, which provide noise analysis service and design assistance tools. The company operates its business in Japan.

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