IWVTF (Intelligent Wave) Days Payable: 23.45 (As of Dec. 2025) — Near Median

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IWVTF Intelligent Wave Inc IWVTF
70 GF Score
Price $5.80
GF Value $7.53
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Intelligent Wave Days Payable?

Intelligent Wave IWVTF 70 Days Payable is 23.45 as of Dec. 2025, which is 2% below its 10-year median of 23.96. GuruFocus rates IWVTF with a GF Score™ of 70/100 and a GF Value™ of $7.53 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,603 Software companies, Intelligent Wave ranks worse than 85.86% on this metric.

Intelligent Wave's average Accounts Payable for the three months ended in Dec. 2025 was $5.3 Mil. Intelligent Wave's Cost of Goods Sold for the three months ended in Dec. 2025 was $20.7 Mil. Hence, Intelligent Wave's Days Payable for the three months ended in Dec. 2025 was 23.45.

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

IWVTF' s Days Payable Range Over the Past 10 Years
Min: 15.36   Med: 23.96   Max: 32.11
Current: 15.36

During the past 13 years, Intelligent Wave's highest Days Payable was 32.11. The lowest was 15.36. And the median was 23.96.

IWVTF's Days Payable is ranked worse than
85.86% of 2603 companies
in the Software industry
Industry Median: 52.78 vs IWVTF: 15.36

Intelligent Wave's Days Payable increased from Dec. 2024 (16.53) to Dec. 2025 (23.45). It may suggest that Intelligent Wave delayed paying its suppliers.


Intelligent Wave Days Payable Historical Data

* Premium members only.

The historical data trend for Intelligent Wave'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.

Intelligent Wave Days Payable Chart

Intelligent Wave Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.37 34.30 29.38 21.61 16.64

Intelligent Wave Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.65 13.01 19.68 23.45 11.53

IWVTF vs MSFT, ORCL, PLTR: Days Payable Comparison

For the Software - Infrastructure subindustry, Intelligent Wave'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.


Intelligent Wave Days Payable vs Software Industry

For the Software industry and Technology sector, Intelligent Wave's Days Payable distribution charts can be found below:

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


IWVTF
70GF Score
Intelligent Wave Inc IWVTF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Intelligent Wave 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.

Intelligent Wave's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (4.01 + 2.889) / 2 ) / 75.647*365
=3.4495 / 75.647*365
=16.64

Intelligent Wave's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (5.316 + 0) / 1 ) / 20.687*365 / 4
=5.316 / 20.687*365 / 4
=23.45

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 23.45 mean?
Intelligent Wave (IWVTF) has a Days Payable of 23.45 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Intelligent Wave and its competitors. This is near median its historical median of 23.96. Over the past decade, Intelligent Wave's Days Payable has ranged from 15.36 to 32.11. According to the industry distribution chart, Intelligent Wave ranks #2235 out of 2603 companies in the Software industry, placing it in the top 85.9%.
Is Intelligent Wave's Days Payable too high?
Intelligent Wave's current Days Payable of 23.45 is near median its 10-year median of 23.96. Over the past 10 years, this metric has ranged from a low of 15.36 to a high of 32.11. The Software industry median Days Payable is 52.78. Intelligent Wave's value of 23.45 is 55.6% below this industry median. Based on the distribution chart, Intelligent Wave ranks #2235 out of 2603 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Intelligent Wave has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intelligent Wave's Days Payable compare to MSFT and ORCL?
According to the Software industry distribution chart, Intelligent Wave ranks #2235 out of 2603 companies for Days Payable. This places Intelligent Wave in the lower half of its industry. The industry median Days Payable is 52.78. Intelligent Wave's value of 23.45 is 55.6% below this benchmark. Historically, Intelligent Wave's own Days Payable has ranged from 15.36 to 32.11 over the past decade. While the company's 10-year median is 23.96 vs. the industry median of 52.78, Intelligent Wave has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 52.78, based on 2,603 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Intelligent Wave's current Days Payable of 23.45 is 55.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Intelligent Wave and its competitors. For the Software industry, the median Days Payable is 52.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intelligent Wave's current Days Payable is 23.45, which is near median its own 10-year median of 23.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intelligent Wave stock overvalued right now?
Based on GuruFocus' analysis, Intelligent Wave (IWVTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.53, compared to a current price of $5.80 — trading 23% below its estimated fair value. The current Days Payable is 23.45, which is near median its 10-year median of 23.96 and 55.6% below the Software industry median of 52.78. Intelligent Wave's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Intelligent Wave (IWVTF), the current Days Payable is 23.45 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Intelligent Wave (IWVTF) Overvalued in 2026?

Based on GuruFocus' analysis, Intelligent Wave stock appears to be undervalued. The current stock price of $5.80 is trading 23% below its estimated GF Value™ of $7.53. GuruFocus considers Intelligent Wave to be Modestly Undervalued.

Key valuation signals for IWVTF:

  • Days Payable: 23.45 (near median its 10-year median of 23.96)
  • GF Value™: $7.53 vs. price of $5.80 (23% below fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 55.6% below the Software median (#2235 of 2603)

No single metric tells the full story. See the IWVTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Intelligent Wave Business Description

Other Exchanges 4847:Japan
Address -21-2, Shinkawa, Chuo-ku, Kayabacho Tower, Tokyo, JPN, 104-0033
Intelligent Wave Inc is engaged in sales of system development services and system products, including hardware and software. It operates in two business segments including the Financial Systems Solutions business, and the Product Solutions business. In the Financial Systems Solutions business, it offers value-added system development, through software and hardware integration, and maintenance services for customers operating primarily in the financial services industry. In the Product Solutions business, it deploys and maintains high value-added systems for data security and other solutions based on the in-house developed product as well as system software procured from third parties for customers operating in a range of industries and fields.
70GF Score

Get the complete analysis for IWVTF

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.80
Price
$7.53
GF Value