Soliton Systems KK (TSE:3040) Days Payable : 30.70 (As of Mar. 2024)

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What is Soliton Systems KK Days Payable?

Soliton Systems KK's average Accounts Payable for the three months ended in Mar. 2024 was 円850 Mil. Soliton Systems KK's Cost of Goods Sold for the three months ended in Mar. 2024 was 円2,525 Mil. Hence, Soliton Systems KK's Days Payable for the three months ended in Mar. 2024 was 30.70.

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

TSE:3040' s Days Payable Range Over the Past 10 Years
Min: 26.4 Med: 35.76 Max: 46.49
Current: 34.72

During the past 13 years, Soliton Systems KK's highest Days Payable was 46.49. The lowest was 26.40. And the median was 35.76.

TSE:3040's Days Payable is ranked worse than
62.27% of 2526 companies
in the Software industry
Industry Median: 49.695 vs TSE:3040: 34.72

Soliton Systems KK's Days Payable declined from Mar. 2023 (34.81) to Mar. 2024 (30.70). It may suggest that Soliton Systems KK accelerated paying its suppliers.

Soliton Systems KK Days Payable Historical Data

The historical data trend for Soliton Systems KK'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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Soliton Systems KK Days Payable Chart

Soliton Systems KK Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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36.55

34.96

32.26

26.40

31.59

Soliton Systems KK Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															34.81	41.24	36.93	32.30	30.70

Competitive Comparison of Soliton Systems KK's Days Payable

For the Software - Infrastructure subindustry, Soliton Systems KK'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.

Soliton Systems KK's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Soliton Systems KK's Days Payable falls into.

Soliton Systems KK 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.

Soliton Systems KK'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
=	( (934	+	883)	/	2 )	/	10497	*	365
=	908.5					/	10497	*	365
=	31.59

Soliton Systems KK'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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (883	+	816)	/	2 )	/	2525	*	365 / 4
=	849.5					/	2525	*	365 / 4
=	30.70

Soliton Systems KK Days Payable Related Terms

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Soliton Systems KK (TSE:3040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Soliton Systems KK (TSE:3040) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-3 Shinjuku, Shinjuku-ku, Tokyo, JPN

Website

http://www.soliton.co.jp

Soliton Systems K.K is engaged in IT security business, Video communication business, and Eco-device business. The IT security business involves the development and sale of products such as information leakage countermeasure, login authentication by electronic certificate, big data recording, cybersecurity measures, enterprise cloud service, and enterprise network integration. The Video communication business involves development and sales of "Smart-telecaster", a high-quality real-time image transmission system using mobile lines and Eco-device business engages in the development and sales of analog / digital mixed semiconductor devices and embedded systems.

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