Quantum Solutions Co (TSE:2338) Days Payable : 12.80 (As of Aug. 2024)

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What is Quantum Solutions Co Days Payable?

Quantum Solutions Co's average Accounts Payable for the three months ended in Aug. 2024 was 円1.7 Mil. Quantum Solutions Co's Cost of Goods Sold for the three months ended in Aug. 2024 was 円12.0 Mil. Hence, Quantum Solutions Co's Days Payable for the three months ended in Aug. 2024 was 12.80.

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

TSE:2338' s Days Payable Range Over the Past 10 Years
Min: 5.92 Med: 15 Max: 1351.28
Current: 855.12

During the past 13 years, Quantum Solutions Co's highest Days Payable was 1351.28. The lowest was 5.92. And the median was 15.00.

TSE:2338's Days Payable is ranked better than
95.22% of 2551 companies
in the Software industry
Industry Median: 51.71 vs TSE:2338: 855.12

Quantum Solutions Co's Days Payable declined from Aug. 2023 (56.24) to Aug. 2024 (12.80). It may suggest that Quantum Solutions Co accelerated paying its suppliers.

Quantum Solutions Co Days Payable Historical Data

The historical data trend for Quantum Solutions 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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Quantum Solutions Co Days Payable Chart

Quantum Solutions Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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13.42

11.96

5.92

8.29

1,351.28

Quantum Solutions Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Payable	Get a 7-Day Free Trial															56.24	731.67	1,543.76	1,736.82	12.80

Competitive Comparison of Quantum Solutions Co's Days Payable

For the Information Technology Services subindustry, Quantum Solutions 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.

Quantum Solutions Co's Days Payable Distribution in the Software Industry

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

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

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Quantum Solutions 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.

Quantum Solutions Co's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (3.302	+	484.897)	/	2 )	/	65.935	*	365
=	244.0995					/	65.935	*	365
=	1,351.28

Quantum Solutions Co's Days Payable for the quarter that ended in Aug. 2024 is calculated as:

	Days Payable (Q: Aug. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2024 )	+	Accounts Payable (Q: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
=	( (0.842	+	2.536)	/	2 )	/	12.042	*	365 / 4
=	1.689					/	12.042	*	365 / 4
=	12.80

Quantum Solutions Co Days Payable Related Terms

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Quantum Solutions Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quantum Solutions Co Ltd (TSE:2338) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gran Tokyo South Tower, 9tjh floor, 1-9-2 Marunouchi Chiyoda City, Tokyo, JPN, 102-0073

Website

https://www.quantum-s.co.jp

Quantum Solutions Co Ltd engages in fintech business, content development and delivery, and software outsourcing development. It also develops and distributes content; and offers business and technical consulting, internet, business construction, and project support services.

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