SOFT99 (TSE:4464) Days Payable : 26.77 (As of Dec. 2023)

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What is SOFT99 Days Payable?

SOFT99's average Accounts Payable for the three months ended in Dec. 2023 was 円1,469 Mil. SOFT99's Cost of Goods Sold for the three months ended in Dec. 2023 was 円5,005 Mil. Hence, SOFT99's Days Payable for the three months ended in Dec. 2023 was 26.77.

The historical rank and industry rank for SOFT99's Days Payable or its related term are showing as below:

TSE:4464' s Days Payable Range Over the Past 10 Years
Min: 26.29 Med: 28.31 Max: 53.01
Current: 28.61

During the past 13 years, SOFT99's highest Days Payable was 53.01. The lowest was 26.29. And the median was 28.31.

TSE:4464's Days Payable is ranked worse than
82.48% of 1501 companies
in the Chemicals industry
Industry Median: 60.48 vs TSE:4464: 28.61

SOFT99's Days Payable declined from Dec. 2022 (28.24) to Dec. 2023 (26.77). It may suggest that SOFT99 accelerated paying its suppliers.

SOFT99 Days Payable Historical Data

The historical data trend for SOFT99'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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SOFT99 Days Payable Chart

SOFT99 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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27.75

26.29

26.81

28.75

27.86

SOFT99 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															28.24	28.36	29.93	29.20	26.77

Competitive Comparison of SOFT99's Days Payable

For the Specialty Chemicals subindustry, SOFT99'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.

SOFT99's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, SOFT99's Days Payable distribution charts can be found below:

* The bar in red indicates where SOFT99's Days Payable falls into.

SOFT99 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.

SOFT99's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1390.652	+	1595.435)	/	2 )	/	19559.493	*	365
=	1493.0435					/	19559.493	*	365
=	27.86

SOFT99'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
=	( (1406.782	+	1530.393)	/	2 )	/	5005.355	*	365 / 4
=	1468.5875					/	5005.355	*	365 / 4
=	26.77

SOFT99 Days Payable Related Terms

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SOFT99 (TSE:4464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SOFT99 Corp (TSE:4464) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-6-5 Tanimachi, Chuo-ku, Osaka, JPN, 540-0012

Website

http://www.soft99.co.jp

SOFT99 Corp is engaged in the manufacturing and sale of chemical products for auto and home care products. It offers products such as water block wax, cleaners, shampoo, car wash equipment, GlACO water repellant series, DIY repair paint and chemical products, synthetic snow tire chain, air freshener, eye glass cleaner and home care products. The products are exported to China, Taiwan, Singapore, Thailand, Malaysia, Indonesia, Vietnam, Russia, Ukraine, Germany, Poland, United Kingdom, Saudi Arabia, U.S.A, Brazil, Paraguay, Australia, and others.

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