Hammock (TSE:173A) Days Payable : 21.03 (As of Mar. 2024)

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What is Hammock Days Payable?

Hammock's average Accounts Payable for the six months ended in Mar. 2024 was 円132 Mil. Hammock's Cost of Goods Sold for the six months ended in Mar. 2024 was 円2,284 Mil. Hence, Hammock's Days Payable for the six months ended in Mar. 2024 was 10.52.

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

TSE:173A' s Days Payable Range Over the Past 10 Years
Min: 21.03 Med: 21.3 Max: 23.25
Current: 21.03

During the past 3 years, Hammock's highest Days Payable was 23.25. The lowest was 21.03. And the median was 21.30.

TSE:173A's Days Payable is ranked worse than
77.09% of 2523 companies
in the Software industry
Industry Median: 48.75 vs TSE:173A: 21.03

Hammock's Days Payable declined from Mar. 2022 (23.25) to Mar. 2024 (21.03). It may suggest that Hammock accelerated paying its suppliers.

Hammock Days Payable Historical Data

The historical data trend for Hammock'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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Hammock Days Payable Chart

Hammock Annual Data

Trend

Mar22

Mar23

Mar24

Days Payable

23.25

21.30

21.03

Hammock Semi-Annual Data
	Mar22	Mar23	Mar24
Days Payable	23.25	21.30	21.03

Competitive Comparison of Hammock's Days Payable

For the Software - Infrastructure subindustry, Hammock'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.

Hammock's Days Payable Distribution in the Software Industry

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

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

Hammock 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.

Hammock'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
=	( (132.527	+	130.661)	/	2 )	/	2283.697	*	365
=	131.594					/	2283.697	*	365
=	21.03

Hammock's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (132.527	+	130.661)	/	2 )	/	2283.697	*	365 / 2
=	131.594					/	2283.697	*	365 / 2
=	10.52

Hammock Days Payable Related Terms

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Hammock Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hammock Inc (TSE:173A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3-21 Okubo, Shinjuku-ku, Tokyo, JPN, 169-0072

Website

https://www.hammock.jp

Hammock Inc is engaged in development and provision of business support systems and cloud services related to "IT asset management and security measures", "sales support and business card management", and "data entry using AI-based character recognition".

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