Money Forward (TSE:3994) Days Payable : 10.73 (As of Feb. 2024)

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What is Money Forward Days Payable?

Money Forward's average Accounts Payable for the three months ended in Feb. 2024 was 円353 Mil. Money Forward's Cost of Goods Sold for the three months ended in Feb. 2024 was 円3,004 Mil. Hence, Money Forward's Days Payable for the three months ended in Feb. 2024 was 10.73.

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

TSE:3994' s Days Payable Range Over the Past 10 Years
Min: 9.03 Med: 17.74 Max: 27.9
Current: 9.03

During the past 9 years, Money Forward's highest Days Payable was 27.90. The lowest was 9.03. And the median was 17.74.

TSE:3994's Days Payable is ranked worse than
92.69% of 2531 companies
in the Software industry
Industry Median: 50.16 vs TSE:3994: 9.03

Money Forward's Days Payable declined from Feb. 2023 (11.19) to Feb. 2024 (10.73). It may suggest that Money Forward accelerated paying its suppliers.

Money Forward Days Payable Historical Data

The historical data trend for Money Forward'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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Money Forward Days Payable Chart

Money Forward Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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24.14

17.74

14.67

12.49

11.49

Money Forward Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															11.19	9.10	7.90	7.95	10.73

Competitive Comparison of Money Forward's Days Payable

For the Software - Application subindustry, Money Forward'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.

Money Forward's Days Payable Distribution in the Software Industry

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

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

Money Forward 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.

Money Forward'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
=	( (340.994	+	370.317)	/	2 )	/	11298.423	*	365
=	355.6555					/	11298.423	*	365
=	11.49

Money Forward'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
=	( (370.317	+	335.977)	/	2 )	/	3004.245	*	365 / 4
=	353.147					/	3004.245	*	365 / 4
=	10.73

Money Forward Days Payable Related Terms

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Money Forward (TSE:3994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Money Forward Inc (TSE:3994) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

47D:Germany

Address

21st Floor, msb Tamachi Tamachi Station Tower, S 3-1-21 Shibaura, Minato-ku, Tokyo, JPN, 108-0023

Website

https://corp.moneyforward.com

Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.

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