OPEN Group (TSE:6572) Days Payable : 283.96 (As of Aug. 2024)

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What is OPEN Group Days Payable?

OPEN Group's average Accounts Payable for the three months ended in Aug. 2024 was 円1,895 Mil. OPEN Group's Cost of Goods Sold for the three months ended in Aug. 2024 was 円609 Mil. Hence, OPEN Group's Days Payable for the three months ended in Aug. 2024 was 283.96.

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

TSE:6572' s Days Payable Range Over the Past 10 Years
Min: 41.2 Med: 48.44 Max: 302.99
Current: 255.68

During the past 9 years, OPEN Group's highest Days Payable was 302.99. The lowest was 41.20. And the median was 48.44.

TSE:6572's Days Payable is ranked better than
86.59% of 2535 companies
in the Software industry
Industry Median: 50.17 vs TSE:6572: 255.68

OPEN Group's Days Payable increased from Aug. 2023 (252.36) to Aug. 2024 (283.96). It may suggest that OPEN Group delayed paying its suppliers.

OPEN Group Days Payable Historical Data

The historical data trend for OPEN Group'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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OPEN Group Days Payable Chart

OPEN Group Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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41.20

44.44

195.73

259.63

302.99

OPEN Group Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Payable	Get a 7-Day Free Trial															252.36	250.41	237.71	273.39	283.96

Competitive Comparison of OPEN Group's Days Payable

For the Information Technology Services subindustry, OPEN Group'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.

OPEN Group's Days Payable Distribution in the Software Industry

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

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

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OPEN Group 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.

OPEN Group's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (1885.011	+	1796.076)	/	2 )	/	2217.201	*	365
=	1840.5435					/	2217.201	*	365
=	302.99

OPEN Group's Days Payable for the quarter that ended in Aug. 2024 is calculated as:

	Days Payable (Q: Aug. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2024 )	+	Accounts Payable (Q: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
=	( (2135.195	+	1654.217)	/	2 )	/	608.863	*	365 / 4
=	1894.706					/	608.863	*	365 / 4
=	283.96

OPEN Group Days Payable Related Terms

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OPEN Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OPEN Group Inc (TSE:6572) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

23-1 Toranomon, Minato-ku, Tokyo, JPN, 107-6013

Website

https://www.open-group.co.jp

OPEN Group Inc operates as a holding company, which provides Information processing services and consulting using RPA and AI development and promotion of new businesses using BizRobo Digital agency business.

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