Mental Health Technologies Co (TSE:9218) Days Payable : 18.39 (As of Mar. 2024)

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What is Mental Health Technologies Co Days Payable?

Mental Health Technologies Co's average Accounts Payable for the three months ended in Mar. 2024 was 円101 Mil. Mental Health Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円503 Mil. Hence, Mental Health Technologies Co's Days Payable for the three months ended in Mar. 2024 was 18.39.

The historical rank and industry rank for Mental Health Technologies Co's Days Payable or its related term are showing as below:

TSE:9218' s Days Payable Range Over the Past 10 Years
Min: 24.81 Med: 36.15 Max: 42.97
Current: 24.81

During the past 5 years, Mental Health Technologies Co's highest Days Payable was 42.97. The lowest was 24.81. And the median was 36.15.

TSE:9218's Days Payable is ranked worse than
81.15% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 62.09 vs TSE:9218: 24.81

Mental Health Technologies Co's Days Payable declined from Mar. 2023 (38.36) to Mar. 2024 (18.39). It may suggest that Mental Health Technologies Co accelerated paying its suppliers.

Mental Health Technologies Co Days Payable Historical Data

The historical data trend for Mental Health Technologies Co'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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Mental Health Technologies Co Days Payable Chart

Mental Health Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

40.29

32.53

32.82

42.97

36.15

Mental Health Technologies Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								38.36	28.48	28.45	27.35	18.39

Competitive Comparison of Mental Health Technologies Co's Days Payable

For the Medical Care Facilities subindustry, Mental Health Technologies Co'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.

Mental Health Technologies Co's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Mental Health Technologies Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Mental Health Technologies Co's Days Payable falls into.

Mental Health Technologies Co 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.

Mental Health Technologies Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (133.523	+	96.547)	/	2 )	/	1161.579	*	365
=	115.035					/	1161.579	*	365
=	36.15

Mental Health Technologies Co'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
=	( (96.547	+	106.362)	/	2 )	/	503.415	*	365 / 4
=	101.4545					/	503.415	*	365 / 4
=	18.39

Mental Health Technologies Co Days Payable Related Terms

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Mental Health Technologies Co (TSE:9218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Mental Health Technologies Co Ltd (TSE:9218) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-16-11 Akasaka, Tokai Akasaka Building 4th Floor, Minato-ku, Tokyo, JPN, 107- 0052

Website

https://www.mh-tec.co.jp

Mental Health Technologies Co Ltd is engaged in the mental health solution business, medical career support business and digital marketing business.

Mental Health Technologies Co (TSE:9218) Headlines

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