Change Holdings (TSE:3962) Days Payable : 481.58 (As of Dec. 2024)

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What is Change Holdings Days Payable?

Change Holdings's average Accounts Payable for the three months ended in Dec. 2024 was 円25,876 Mil. Change Holdings's Cost of Goods Sold for the three months ended in Dec. 2024 was 円4,903 Mil. Hence, Change Holdings's Days Payable for the three months ended in Dec. 2024 was 481.58.

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

TSE:3962' s Days Payable Range Over the Past 10 Years
Min: 22.74 Med: 91.92 Max: 340.73
Current: 340.73

During the past 9 years, Change Holdings's highest Days Payable was 340.73. The lowest was 22.74. And the median was 91.92.

TSE:3962's Days Payable is ranked better than
89.81% of 2551 companies
in the Software industry
Industry Median: 50.93 vs TSE:3962: 340.73

Change Holdings's Days Payable increased from Dec. 2023 (192.63) to Dec. 2024 (481.58). It may suggest that Change Holdings delayed paying its suppliers.

Change Holdings Days Payable Historical Data

The historical data trend for Change Holdings'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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Change Holdings Days Payable Chart

Change Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Mar23

Mar24

Days Payable

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91.92

234.12

244.11

205.72

175.54

Change Holdings 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															192.63	183.99	148.02	171.54	481.58

Competitive Comparison of Change Holdings's Days Payable

For the Information Technology Services subindustry, Change Holdings'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.

Change Holdings's Days Payable Distribution in the Software Industry

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

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

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Change Holdings 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.

Change Holdings'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
=	( (5511	+	7929)	/	2 )	/	13973	*	365
=	6720					/	13973	*	365
=	175.54

Change Holdings's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (8377	+	43375)	/	2 )	/	4903	*	365 / 4
=	25876					/	4903	*	365 / 4
=	481.58

Change Holdings Days Payable Related Terms

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Change Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Change Holdings Inc (TSE:3962) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-17-1 Toranomon, 6th Floor, TOKYU REIT Toranomon Building, Minato-ku, Tokyo, JPN, 105-0001

Website

https://www.change-jp.com

Change Holdings Inc provides mobility, IoT (Internet of Things) data, security and IT human resources training services. It segments are: Public Tech and NEW-IT Transformation Business. The Public Tech segment covers local government support projects that aims to realize high value-added resident services by utilizing ICT technology to promote the improvement of local government business productivity. The NEW-IT Transformation Business segment promotes digital transformation through various algorithms such as AI, voice Internet, mobility, IoT, cloud, security, services utilizing basic technology, and training for digital human resources. It also provides digital transformation solutions by combining libraries based on customer needs to realize customer digital transformation.

Change Holdings Headlines

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