Techmatrix (TSE:3762) Days Payable : 13.17 (As of Sep. 2024)

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What is Techmatrix Days Payable?

Techmatrix's average Accounts Payable for the three months ended in Sep. 2024 was 円1,703 Mil. Techmatrix's Cost of Goods Sold for the three months ended in Sep. 2024 was 円11,795 Mil. Hence, Techmatrix's Days Payable for the three months ended in Sep. 2024 was 13.17.

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

TSE:3762' s Days Payable Range Over the Past 10 Years
Min: 17.92 Med: 27.69 Max: 37.56
Current: 17.92

During the past 13 years, Techmatrix's highest Days Payable was 37.56. The lowest was 17.92. And the median was 27.69.

TSE:3762's Days Payable is ranked worse than
81.46% of 2551 companies
in the Software industry
Industry Median: 50.93 vs TSE:3762: 17.92

Techmatrix's Days Payable declined from Sep. 2023 (18.65) to Sep. 2024 (13.17). It may suggest that Techmatrix accelerated paying its suppliers.

Techmatrix Days Payable Historical Data

The historical data trend for Techmatrix'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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Techmatrix Days Payable Chart

Techmatrix Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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37.56

30.22

26.76

26.56

22.75

Techmatrix Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															21.20	19.19	21.50	13.17	17.19

Competitive Comparison of Techmatrix's Days Payable

For the Information Technology Services subindustry, Techmatrix'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.

Techmatrix's Days Payable Distribution in the Software Industry

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

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

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Techmatrix 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.

Techmatrix's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (2145.253	+	2230.641)	/	2 )	/	35100.536	*	365
=	2187.947					/	35100.536	*	365
=	22.75

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

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	1702.869)	/	1 )	/	11795.363	*	365 / 4
=	1702.869					/	11795.363	*	365 / 4
=	13.17

Techmatrix Days Payable Related Terms

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Techmatrix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Techmatrix Corp (TSE:3762) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-11-24 Mita Minato-ku, International Industrial Mita Second Building, Tokyo, JPN, 1088588

Website

http://www.techmatrix.co.jp

Techmatrix Corp is engaged in the information technology business and consulting business. Its business activities are divided into two operating divisions including Information Infrastructure Business that provides network security solutions and maintenance, operation and monitoring services combining its own technologies with overseas advanced technologies and products. Application service business provides its own package products development and cloud services in medical, customer-relationship management (CRM) and internet service fields. In addition, the company also offers products and solutions for outsourcing development of systems such as WEB and finance fields.

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