GRCS (TSE:9250) Days Payable : 19.45 (As of Feb. 2024)

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What is GRCS Days Payable?

GRCS's average Accounts Payable for the three months ended in Feb. 2024 was 円108 Mil. GRCS's Cost of Goods Sold for the three months ended in Feb. 2024 was 円509 Mil. Hence, GRCS's Days Payable for the three months ended in Feb. 2024 was 19.45.

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

TSE:9250' s Days Payable Range Over the Past 10 Years
Min: 17.49 Med: 18.48 Max: 20.63
Current: 17.63

During the past 5 years, GRCS's highest Days Payable was 20.63. The lowest was 17.49. And the median was 18.48.

TSE:9250's Days Payable is ranked worse than
82.44% of 2523 companies
in the Software industry
Industry Median: 49.74 vs TSE:9250: 17.63

GRCS's Days Payable increased from Feb. 2023 (19.11) to Feb. 2024 (19.45). It may suggest that GRCS delayed paying its suppliers.

GRCS Days Payable Historical Data

The historical data trend for GRCS'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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GRCS Days Payable Chart

GRCS Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

20.63

18.48

17.96

17.49

19.04

GRCS Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial								19.11	16.66	14.66	15.56	19.45

Competitive Comparison of GRCS's Days Payable

For the Information Technology Services subindustry, GRCS'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.

GRCS's Days Payable Distribution in the Software Industry

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

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

GRCS 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.

GRCS's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (123.127	+	84.708)	/	2 )	/	1991.967	*	365
=	103.9175					/	1991.967	*	365
=	19.04

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

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (84.708	+	132.137)	/	2 )	/	508.625	*	365 / 4
=	108.4225					/	508.625	*	365 / 4
=	19.45

GRCS Days Payable Related Terms

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GRCS (TSE:9250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GRCS Inc (TSE:9250) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9th Floor, MG Ichigaya Building, 1-9 Gobancho, Chiyoda-ku, Tokyo, JPN

Website

https://www.grcs.co.jp

GRCS Inc provide GRC solutions that visualize the risks surrounding a company and utilize IT to optimize company rules and social rules while utilizing them in management.

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