Shinko (TSE:7120) Days Payable : 0.00 (As of Sep. 2024)

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What is Shinko Days Payable?

Shinko's average Accounts Payable for the three months ended in Sep. 2024 was 円1,069 Mil. Shinko's Cost of Goods Sold for the three months ended in Sep. 2024 was 円0 Mil.

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

TSE:7120' s Days Payable Range Over the Past 10 Years
Min: 30.83 Med: 37.98 Max: 40.56
Current: 30.83

During the past 4 years, Shinko's highest Days Payable was 40.56. The lowest was 30.83. And the median was 37.98.

TSE:7120's Days Payable is ranked worse than
65.12% of 2529 companies
in the Software industry
Industry Median: 50.37 vs TSE:7120: 30.83

Shinko's Days Payable declined from Jun. 2023 (33.94) to Sep. 2024 (0.00). It may suggest that Shinko accelerated paying its suppliers.

Shinko Days Payable Historical Data

The historical data trend for Shinko'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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Shinko Days Payable Chart

Shinko Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Payable

37.58

40.56

38.38

37.10

Shinko Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial				33.94	25.30	33.24	29.79	-

Competitive Comparison of Shinko's Days Payable

For the Information Technology Services subindustry, Shinko'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.

Shinko's Days Payable Distribution in the Software Industry

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

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

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Shinko 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.

Shinko'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
=	( (1229.928	+	1295.354)	/	2 )	/	12421.654	*	365
=	1262.641					/	12421.654	*	365
=	37.10

Shinko's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1295.354	+	842.464)	/	2 )	/	0	*	365 / 4
=	1068.909					/	0	*	365 / 4
=	N/A

Shinko Days Payable Related Terms

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Shinko Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shinko Inc (TSE:7120) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8F CS Tower, 5-20-8 Asakusabashi, Taito-ku, Tokyo, JPN, 111-0053

Website

https://www.kk-shinko.com

Shinko Inc is engaged in providing maintenance services for IT equipment and Staffing services. The company's services and products include; Maintenance services, human resource services, Introduction design and installation development services, and Network security-related products. The Maintenance services include Onsite maintenance service, Help desk service, Remote monitoring service, and call center service. The human resource services include an Engineer dispatch service and a Business contract. The Introduction design and installation development services include Network design and construction, Wireless environment construction, and Communication system construction.

Shinko Headlines

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