QLS Holdings Co (NGO:7075) Days Payable : 0.61 (As of Sep. 2023)

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What is QLS Holdings Co Days Payable?

QLS Holdings Co's average Accounts Payable for the three months ended in Sep. 2023 was 円22 Mil. QLS Holdings Co's Cost of Goods Sold for the three months ended in Sep. 2023 was 円3,229 Mil. Hence, QLS Holdings Co's Days Payable for the three months ended in Sep. 2023 was 0.61.

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

NGO:7075' s Days Payable Range Over the Past 10 Years
Min: 1.13 Med: 1.33 Max: 6.56
Current: 1.27

During the past 5 years, QLS Holdings Co's highest Days Payable was 6.56. The lowest was 1.13. And the median was 1.33.

NGO:7075's Days Payable is ranked worse than
98.06% of 928 companies
in the Business Services industry
Industry Median: 46.74 vs NGO:7075: 1.27

QLS Holdings Co's Days Payable increased from Sep. 2021 (0.51) to Sep. 2023 (0.61). It may suggest that QLS Holdings Co delayed paying its suppliers.

QLS Holdings Co Days Payable Historical Data

The historical data trend for QLS Holdings 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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QLS Holdings Co Days Payable Chart

QLS Holdings Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

6.56

1.62

1.13

1.14

1.33

QLS Holdings Co Quarterly Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial					0.51	0.59	0.62	0.70	0.61

Competitive Comparison of QLS Holdings Co's Days Payable

For the Consulting Services subindustry, QLS Holdings 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.

QLS Holdings Co's Days Payable Distribution in the Business Services Industry

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

* The bar in red indicates where QLS Holdings Co's Days Payable falls into.

QLS Holdings 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.

QLS Holdings 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
=	( (18.977	+	23.007)	/	2 )	/	5782.594	*	365
=	20.992					/	5782.594	*	365
=	1.33

QLS Holdings Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (23.007	+	20.17)	/	2 )	/	3229.302	*	365 / 4
=	21.5885					/	3229.302	*	365 / 4
=	0.61

QLS Holdings Co Days Payable Related Terms

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QLS Holdings Co (NGO:7075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » QLS Holdings Co Ltd (NGO:7075) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-5 Namba Naka, 3rd floor, Namba Muromachi Building, Naniwa-ku, Osaka- shi, Osaka, JPN, 545-0053

Website

https://www.qlshd.co.jp

QLS Holdings Co Ltd is a Japanese based company engaged in the control and management of the business activities of a stock company.

QLS Holdings Co (NGO:7075) Headlines

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