Thinca Co (TSE:149A) Days Payable : 27.36 (As of Dec. 2023)

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What is Thinca Co Days Payable?

Thinca Co's average Accounts Payable for the three months ended in Dec. 2023 was 円13.0 Mil. Thinca Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円43.5 Mil. Hence, Thinca Co's Days Payable for the three months ended in Dec. 2023 was 27.36.

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

TSE:149A' s Days Payable Range Over the Past 10 Years
Min: 26.47 Med: 28.03 Max: 111.82
Current: 111.82

During the past 3 years, Thinca Co's highest Days Payable was 111.82. The lowest was 26.47. And the median was 28.03.

TSE:149A's Days Payable is ranked better than
72.01% of 2526 companies
in the Software industry
Industry Median: 50.42 vs TSE:149A: 111.82

Thinca Co's Days Payable increased from . 20 (0.00) to Dec. 2023 (27.36). It may suggest that Thinca Co delayed paying its suppliers.

Thinca Co Days Payable Historical Data

The historical data trend for Thinca 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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Thinca Co Days Payable Chart

Thinca Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

28.42

26.47

28.03

Thinca Co Quarterly Data
	Dec21	Dec22	Sep23	Dec23
Days Payable	-	-	-	27.36

Competitive Comparison of Thinca Co's Days Payable

For the Software - Application subindustry, Thinca 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.

Thinca Co's Days Payable Distribution in the Software Industry

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

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

Thinca 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.

Thinca Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (13.9	+	12.61)	/	2 )	/	172.603	*	365
=	13.255					/	172.603	*	365
=	28.03

Thinca Co'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
=	( (13.478	+	12.61)	/	2 )	/	43.509	*	365 / 4
=	13.044					/	43.509	*	365 / 4
=	27.36

Thinca Co Days Payable Related Terms

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Thinca Co (TSE:149A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinca Co Ltd (TSE:149A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3 Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

Thinca Co Ltd is engaged in development and distribution of communication platform "KAICLOUD", and other related business.

Thinca Co (TSE:149A) Headlines

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