AsiaQuest Co (TSE:4261) Days Payable : 9.59 (As of Dec. 2023)

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What is AsiaQuest Co Days Payable?

AsiaQuest Co's average Accounts Payable for the three months ended in Dec. 2023 was 円50 Mil. AsiaQuest Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円479 Mil. Hence, AsiaQuest Co's Days Payable for the three months ended in Dec. 2023 was 9.59.

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

TSE:4261' s Days Payable Range Over the Past 10 Years
Min: 9.26 Med: 11.61 Max: 17.3
Current: 9.36

During the past 5 years, AsiaQuest Co's highest Days Payable was 17.30. The lowest was 9.26. And the median was 11.61.

TSE:4261's Days Payable is ranked worse than
92.7% of 2522 companies
in the Software industry
Industry Median: 50.7 vs TSE:4261: 9.36

AsiaQuest Co's Days Payable increased from Dec. 2022 (8.21) to Dec. 2023 (9.59). It may suggest that AsiaQuest Co delayed paying its suppliers.

AsiaQuest Co Days Payable Historical Data

The historical data trend for AsiaQuest Co'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.

* Premium members only.

AsiaQuest Co Days Payable Chart

AsiaQuest Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

17.30

15.77

11.61

9.26

10.31

AsiaQuest Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial							8.21	8.02	9.21	9.56	9.59

Competitive Comparison of AsiaQuest Co's Days Payable

For the Information Technology Services subindustry, AsiaQuest Co'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.

AsiaQuest Co's Days Payable Distribution in the Software Industry

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

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

AsiaQuest Co 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.

AsiaQuest Co'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
=	( (34.352	+	57.722)	/	2 )	/	1629.284	*	365
=	46.037					/	1629.284	*	365
=	10.31

AsiaQuest Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (43.104	+	57.722)	/	2 )	/	479.459	*	365 / 4
=	50.413					/	479.459	*	365 / 4
=	9.59

AsiaQuest Co Days Payable Related Terms

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AsiaQuest Co (TSE:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AsiaQuest Co Ltd (TSE:4261) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-11-13 Iidabashi, Iidabashi i-MARK ANNEX 6th Floor, Chiyoda-ku, Tokyo, JPN, 102-0072

Website

https://www.asia-quest.jp

AsiaQuest Co Ltd is involved in the Digital Transformation Business. It provides services thatsupport client's digital transformation, combined with experts consultation, system, application and product development.

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