System Location Co (TSE:2480) Days Payable : 17.74 (As of Dec. 2023)

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What is System Location Co Days Payable?

System Location Co's average Accounts Payable for the three months ended in Dec. 2023 was 円18 Mil. System Location Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円92 Mil. Hence, System Location Co's Days Payable for the three months ended in Dec. 2023 was 17.74.

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

TSE:2480' s Days Payable Range Over the Past 10 Years
Min: 20.01 Med: 34.06 Max: 409.27
Current: 20.01

During the past 13 years, System Location Co's highest Days Payable was 409.27. The lowest was 20.01. And the median was 34.06.

TSE:2480's Days Payable is ranked worse than
78.01% of 923 companies
in the Business Services industry
Industry Median: 47.39 vs TSE:2480: 20.01

System Location Co's Days Payable declined from Dec. 2022 (21.57) to Dec. 2023 (17.74). It may suggest that System Location Co accelerated paying its suppliers.

System Location Co Days Payable Historical Data

The historical data trend for System Location 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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System Location Co Days Payable Chart

System Location Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

26.23

34.99

33.13

26.34

21.50

System Location Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															21.57	21.92	21.94	20.81	17.74

Competitive Comparison of System Location Co's Days Payable

For the Specialty Business Services subindustry, System Location 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.

System Location Co's Days Payable Distribution in the Business Services Industry

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

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

System Location 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.

System Location 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
=	( (14.204	+	21.095)	/	2 )	/	299.682	*	365
=	17.6495					/	299.682	*	365
=	21.50

System Location 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
=	( (19.497	+	16.355)	/	2 )	/	92.2	*	365 / 4
=	17.926					/	92.2	*	365 / 4
=	17.74

System Location Co Days Payable Related Terms

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System Location Co (TSE:2480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » System Location Co Ltd (TSE:2480) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-6-3, Higashiyama, Meguro-ku, Tokyo, JPN, 153-0043

Website

http://www.slc.jp

System Location Co., Ltd is engaged in providing business support for automobile related businesses. The services offered by the company include vehicle value calculation system, vehicle catalog database, new car sales support, and auto lease sales support portal site.

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