Planet (TSE:2391) Days Payable : 53.13 (As of Jan. 2024)

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What is Planet Days Payable?

Planet's average Accounts Payable for the three months ended in Jan. 2024 was 円159 Mil. Planet's Cost of Goods Sold for the three months ended in Jan. 2024 was 円272 Mil. Hence, Planet's Days Payable for the three months ended in Jan. 2024 was 53.13.

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

TSE:2391' s Days Payable Range Over the Past 10 Years
Min: 51.84 Med: 55.34 Max: 99.63
Current: 51.84

During the past 13 years, Planet's highest Days Payable was 99.63. The lowest was 51.84. And the median was 55.34.

TSE:2391's Days Payable is ranked better than
50.81% of 2535 companies
in the Software industry
Industry Median: 49.81 vs TSE:2391: 51.84

Planet's Days Payable increased from Jan. 2023 (50.41) to Jan. 2024 (53.13). It may suggest that Planet delayed paying its suppliers.

Planet Days Payable Historical Data

The historical data trend for Planet'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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Planet Days Payable Chart

Planet Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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54.85

55.82

51.93

53.53

52.56

Planet Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															50.41	51.37	50.98	51.65	53.13

Competitive Comparison of Planet's Days Payable

For the Information Technology Services subindustry, Planet'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.

Planet's Days Payable Distribution in the Software Industry

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

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

Planet 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.

Planet's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (157.794	+	157.641)	/	2 )	/	1095.176	*	365
=	157.7175					/	1095.176	*	365
=	52.56

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

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (158.589	+	158.459)	/	2 )	/	272.28	*	365 / 4
=	158.524					/	272.28	*	365 / 4
=	53.13

Planet Days Payable Related Terms

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Planet (TSE:2391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Planet Inc (TSE:2391) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bunka Hoso Media Plus Building, Nippon Cultural Broadcasting, 3rd Floor 1-31 Hamamatsucho, Minato-ku, Tokyo, JPN, 105 0013

Website

http://www.planet-van.co.jp

Planet,Inc. is engaged in the construction, provision and operation of electronic data interchange (EDI) backbone platform. Services offered by the company include EDI (data exchange), Product database and Buyers' Net. EDI (data exchange) includes electronic data exchange with manufacturers, wholesale businesses and material suppliers such as ordering, shipping, billing/payment. Product database is a service that provides merchandise information registered by manufacturers in the distribution industry from the Internet. Buyers' Net is an information provision service on the Internet that efficiently supports information exchange between manufacturers, wholesale businesses and retailers. It provides information such as product information, industry news and company campaigns.

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