GSI Co (SSE:5579) Days Payable : 7.96 (As of Dec. 2023)

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What is GSI Co Days Payable?

GSI Co's average Accounts Payable for the three months ended in Dec. 2023 was 円66 Mil. GSI Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円754 Mil. Hence, GSI Co's Days Payable for the three months ended in Dec. 2023 was 7.96.

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

SSE:5579' s Days Payable Range Over the Past 10 Years
Min: 7.77 Med: 7.78 Max: 10.6
Current: 10.6

During the past 2 years, GSI Co's highest Days Payable was 10.60. The lowest was 7.77. And the median was 7.78.

SSE:5579's Days Payable is ranked worse than
90.99% of 2531 companies
in the Software industry
Industry Median: 50.13 vs SSE:5579: 10.60

GSI Co's Days Payable increased from Mar. 2022 (0.00) to Dec. 2023 (7.96). It may suggest that GSI Co delayed paying its suppliers.

GSI Co Days Payable Historical Data

The historical data trend for GSI 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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GSI Co Days Payable Chart

GSI Co Annual Data

Trend

Mar22

Mar23

Days Payable

7.77

7.78

GSI Co Quarterly Data
	Mar22	Mar23	Jun23	Sep23	Dec23
Days Payable	-	-	8.15	8.32	7.96

Competitive Comparison of GSI Co's Days Payable

For the Information Technology Services subindustry, GSI 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.

GSI Co's Days Payable Distribution in the Software Industry

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

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

GSI 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.

GSI Co's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (53.603	+	63.988)	/	2 )	/	2760.082	*	365
=	58.7955					/	2760.082	*	365
=	7.78

GSI Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (71.29	+	60.366)	/	2 )	/	754.172	*	365 / 4
=	65.828					/	754.172	*	365 / 4
=	7.96

GSI Co Days Payable Related Terms

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GSI Co (SSE:5579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GSI Co Ltd (SSE:5579) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kita 7-jo Nishi 1-1-2, SE Sapporo Building 13th Floor, Kita-ku, Sapporo, JPN, 060-0807

Website

https://www.glue-si.com

GSI Co Ltd is engaged in providing IT solution services that satisfy its customers. It is a system development business that specializes in providing system development to companies that are struggling with a lack of IT service development capabilities to utilize corporate digital technology.

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