Ascentech KK (TSE:3565) Days Payable : 24.34 (As of Apr. 2024)

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What is Ascentech KK Days Payable?

Ascentech KK's average Accounts Payable for the three months ended in Apr. 2024 was 円668 Mil. Ascentech KK's Cost of Goods Sold for the three months ended in Apr. 2024 was 円2,506 Mil. Hence, Ascentech KK's Days Payable for the three months ended in Apr. 2024 was 24.34.

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

TSE:3565' s Days Payable Range Over the Past 10 Years
Min: 22.76 Med: 32.01 Max: 54.17
Current: 29.38

During the past 10 years, Ascentech KK's highest Days Payable was 54.17. The lowest was 22.76. And the median was 32.01.

TSE:3565's Days Payable is ranked worse than
67.62% of 2526 companies
in the Software industry
Industry Median: 49.695 vs TSE:3565: 29.38

Ascentech KK's Days Payable declined from Apr. 2023 (33.65) to Apr. 2024 (24.34). It may suggest that Ascentech KK accelerated paying its suppliers.

Ascentech KK Days Payable Historical Data

The historical data trend for Ascentech 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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Ascentech KK Days Payable Chart

Ascentech KK Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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32.14

34.44

27.64

22.76

28.69

Ascentech KK Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Days Payable	Get a 7-Day Free Trial															33.65	25.98	34.33	29.23	24.34

Competitive Comparison of Ascentech KK's Days Payable

For the Information Technology Services subindustry, Ascentech 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.

Ascentech KK's Days Payable Distribution in the Software Industry

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

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

Ascentech 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.

Ascentech KK's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (344.326	+	447.012)	/	2 )	/	5033.964	*	365
=	395.669					/	5033.964	*	365
=	28.69

Ascentech KK's Days Payable for the quarter that ended in Apr. 2024 is calculated as:

	Days Payable (Q: Apr. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2024 )	+	Accounts Payable (Q: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
=	( (447.012	+	889.537)	/	2 )	/	2505.582	*	365 / 4
=	668.2745					/	2505.582	*	365 / 4
=	24.34

Ascentech KK Days Payable Related Terms

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Ascentech KK (TSE:3565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ascentech KK (TSE:3565) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9th floor, Kanda Warabi-cho, Chiyoda-ku, Tokyo, JPN, 171-0022

Website

https://www.ascentech.co.jp

Ascentech KK is engaged in product development and sales for Virtual Desktop Infrastructure and IT infrastructure solutions with technical consultation and support services. It also provides cloud services. Its services include VDI consulting service, infrastructure solution services, storage migration services.

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