i Cubed Systems (TSE:4495) Days Payable : 20.76 (As of Mar. 2024)

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What is i Cubed Systems Days Payable?

i Cubed Systems's average Accounts Payable for the three months ended in Mar. 2024 was 円46 Mil. i Cubed Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was 円203 Mil. Hence, i Cubed Systems's Days Payable for the three months ended in Mar. 2024 was 20.76.

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

TSE:4495' s Days Payable Range Over the Past 10 Years
Min: 26.36 Med: 34.17 Max: 45
Current: 26.36

During the past 6 years, i Cubed Systems's highest Days Payable was 45.00. The lowest was 26.36. And the median was 34.17.

TSE:4495's Days Payable is ranked worse than
71.95% of 2524 companies
in the Software industry
Industry Median: 49.575 vs TSE:4495: 26.36

i Cubed Systems's Days Payable declined from Mar. 2023 (36.60) to Mar. 2024 (20.76). It may suggest that i Cubed Systems accelerated paying its suppliers.

i Cubed Systems Days Payable Historical Data

The historical data trend for i Cubed Systems'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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i Cubed Systems Days Payable Chart

i Cubed Systems Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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30.09

44.35

31.49

45.00

36.84

i Cubed Systems Quarterly Data
	Jun18	Jun19	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															36.60	33.31	26.33	24.95	20.76

Competitive Comparison of i Cubed Systems's Days Payable

For the Software - Application subindustry, i Cubed Systems'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.

i Cubed Systems's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where i Cubed Systems's Days Payable falls into.

i Cubed Systems 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.

i Cubed Systems's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (59.19	+	64.668)	/	2 )	/	613.53	*	365
=	61.929					/	613.53	*	365
=	36.84

i Cubed Systems'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
=	( (46.496	+	46.088)	/	2 )	/	203.442	*	365 / 4
=	46.292					/	203.442	*	365 / 4
=	20.76

i Cubed Systems Days Payable Related Terms

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i Cubed Systems (TSE:4495) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » i Cubed Systems Inc (TSE:4495) » Definitions » Days Payable

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Traded in Other Exchanges

N/A

Address

4th Floor, 1st Meisei Building, 4-37-37 Tenjin, Chuo-ku, Fukuoka Prefecture, Fukuoka, JPN, 810-0001

Website

https://www.i3-systems.com

i Cubed Systems Inc is engaged in provision of mobile device management services for corporations. The company provides CLOMO's business application series that include Clomo browser, Clomo Mailer, Clomo Claender, Clomo Address book, and Clomo File sharing.

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