Rikei (TSE:8226) Days Payable : 35.22 (As of Mar. 2024)

View and export this data going back to 1988. Start your Free Trial

What is Rikei Days Payable?

Rikei's average Accounts Payable for the three months ended in Mar. 2024 was 円1,314 Mil. Rikei's Cost of Goods Sold for the three months ended in Mar. 2024 was 円3,406 Mil. Hence, Rikei's Days Payable for the three months ended in Mar. 2024 was 35.22.

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

TSE:8226' s Days Payable Range Over the Past 10 Years
Min: 44.09 Med: 54.59 Max: 90.48
Current: 44.09

During the past 13 years, Rikei's highest Days Payable was 90.48. The lowest was 44.09. And the median was 54.59.

TSE:8226's Days Payable is ranked worse than
53.87% of 2545 companies
in the Software industry
Industry Median: 49.25 vs TSE:8226: 44.09

Rikei's Days Payable declined from Mar. 2023 (42.48) to Mar. 2024 (35.22). It may suggest that Rikei accelerated paying its suppliers.

Rikei Days Payable Historical Data

The historical data trend for Rikei'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.

Rikei Days Payable Chart

Rikei Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

49.06

48.01

47.37

52.62

55.03

Rikei Quarterly Data
	Jun19	Sep19	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															42.48	43.56	46.65	44.60	35.22

Competitive Comparison of Rikei's Days Payable

For the Information Technology Services subindustry, Rikei'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.

Rikei's Days Payable Distribution in the Software Industry

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

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

Rikei 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.

Rikei'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
=	( (1135.822	+	1679.807)	/	2 )	/	9337.836	*	365
=	1407.8145					/	9337.836	*	365
=	55.03

Rikei'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
=	( (949.189	+	1679.807)	/	2 )	/	3405.878	*	365 / 4
=	1314.498					/	3405.878	*	365 / 4
=	35.22

Rikei Days Payable Related Terms

Thank you for viewing the detailed overview of Rikei's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Rikei Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rikei Corp (TSE:8226) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shinjuku Nomura Building, 1-26-2 Nishi Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0535

Website

http://www.rikei.co.jp

Rikei Corp is a solution provider for the IT and electronics industries. Rikei offers a wide variety of solutions and advanced products in the fields of system solutions such as IT infrastructure, office systems, digital marketing, business administration strategy, IoT, VR and information security. It also provides network solutions such as satellite communication, data transfer systems, digital video transfer systems, network systems for telecommunication operators and other private companies. In addition to solutions, it provides electronic components and devices, such as high-frequency components, adhesives for industrial use, testers for automotive audio and navigation equipment, power grid analysis systems, and defence-related machinery.

Rikei Headlines

No Headlines