Keyware Solutions (TSE:3799) Days Payable : 21.04 (As of Mar. 2024)

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What is Keyware Solutions Days Payable?

Keyware Solutions's average Accounts Payable for the three months ended in Mar. 2024 was 円1,062 Mil. Keyware Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was 円4,609 Mil. Hence, Keyware Solutions's Days Payable for the three months ended in Mar. 2024 was 21.04.

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

TSE:3799' s Days Payable Range Over the Past 10 Years
Min: 20.99 Med: 21.53 Max: 28.86
Current: 21.44

During the past 13 years, Keyware Solutions's highest Days Payable was 28.86. The lowest was 20.99. And the median was 21.53.

TSE:3799's Days Payable is ranked worse than
76.62% of 2554 companies
in the Software industry
Industry Median: 49.265 vs TSE:3799: 21.44

Keyware Solutions's Days Payable declined from Mar. 2023 (21.93) to Mar. 2024 (21.04). It may suggest that Keyware Solutions accelerated paying its suppliers.

Keyware Solutions Days Payable Historical Data

The historical data trend for Keyware Solutions'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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Keyware Solutions Days Payable Chart

Keyware Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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21.05

23.10

28.86

28.65

24.60

Keyware Solutions 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															21.93	21.98	19.12	20.48	21.04

Competitive Comparison of Keyware Solutions's Days Payable

For the Information Technology Services subindustry, Keyware Solutions'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.

Keyware Solutions's Days Payable Distribution in the Software Industry

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

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

Keyware Solutions 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.

Keyware Solutions'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
=	( (1098.329	+	1149.595)	/	2 )	/	16675.709	*	365
=	1123.962					/	16675.709	*	365
=	24.60

Keyware Solutions'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
=	( (975.318	+	1149.595)	/	2 )	/	4608.863	*	365 / 4
=	1062.4565					/	4608.863	*	365 / 4
=	21.04

Keyware Solutions Days Payable Related Terms

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Keyware Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Keyware Solutions Inc (TSE:3799) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Kamikitazawa 5-37-18, Setagaya-ku, Tokyo, JPN, 156-8588

Website

http://www.keyware.co.jp

Keyware Solutions Inc is a Japan-based Information Technology (IT) service management company. It operates in two divisions including system development business and Integrated IT service business. System development business is mainly engaged in the construction and development of applications and systems related to social infrastructure. Integrated IT service division offers packaged software, hardware and support services. The company mainly caters to financial, distribution, manufacturing, communication, transportation, reporting, medical, government agency, and service industries.

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