Billing System (TSE:3623) Days Payable : 29.41 (As of Mar. 2024)

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What is Billing System Days Payable?

Billing System's average Accounts Payable for the three months ended in Mar. 2024 was 円202 Mil. Billing System's Cost of Goods Sold for the three months ended in Mar. 2024 was 円628 Mil. Hence, Billing System's Days Payable for the three months ended in Mar. 2024 was 29.41.

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

TSE:3623' s Days Payable Range Over the Past 10 Years
Min: 17.28 Med: 24.24 Max: 35.64
Current: 25.82

During the past 13 years, Billing System's highest Days Payable was 35.64. The lowest was 17.28. And the median was 24.24.

TSE:3623's Days Payable is ranked worse than
72.63% of 2536 companies
in the Software industry
Industry Median: 50.01 vs TSE:3623: 25.82

Billing System's Days Payable increased from Mar. 2023 (23.47) to Mar. 2024 (29.41). It may suggest that Billing System delayed paying its suppliers.

Billing System Days Payable Historical Data

The historical data trend for Billing System'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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Billing System Days Payable Chart

Billing System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.94

19.30

17.28

19.00

26.31

Billing System 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															23.47	22.49	25.33	27.15	29.41

Competitive Comparison of Billing System's Days Payable

For the Software - Infrastructure subindustry, Billing System'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.

Billing System's Days Payable Distribution in the Software Industry

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

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

Billing System 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.

Billing System'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
=	( (144.955	+	203.145)	/	2 )	/	2414.516	*	365
=	174.05					/	2414.516	*	365
=	26.31

Billing System'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
=	( (203.145	+	201.553)	/	2 )	/	627.744	*	365 / 4
=	202.349					/	627.744	*	365 / 4
=	29.41

Billing System Days Payable Related Terms

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Billing System (TSE:3623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Billing System Corp (TSE:3623) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imperial Hotel Tower 13F 1-1-1, Uchisaiwai, Tokyo, JPN, 100-0011

Website

http://www.billingjapan.co.jp

Billing System Corp is engaged in the provision of business contract services and consulting services. It operates in the following business divisions: The Settlement Support division which includes quick credit, agency payment and payment support services, in support of the streamlining for call-in, payment and cash management businesses through the company's settlement platform, the finance division which includes financing agency business between companies and commercial money lenders and other division is engaged in the provision of environmental business-related services, as well as consulting services.

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