IPS (TSE:4390) Days Payable : 58.98 (As of Dec. 2023)

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What is IPS Days Payable?

IPS's average Accounts Payable for the three months ended in Dec. 2023 was 円1,131 Mil. IPS's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,749 Mil. Hence, IPS's Days Payable for the three months ended in Dec. 2023 was 58.98.

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

TSE:4390' s Days Payable Range Over the Past 10 Years
Min: 34.94 Med: 39.21 Max: 78.81
Current: 71.86

During the past 8 years, IPS's highest Days Payable was 78.81. The lowest was 34.94. And the median was 39.21.

TSE:4390's Days Payable is ranked worse than
64.93% of 345 companies
in the Telecommunication Services industry
Industry Median: 105.28 vs TSE:4390: 71.86

IPS's Days Payable declined from Dec. 2022 (84.08) to Dec. 2023 (58.98). It may suggest that IPS accelerated paying its suppliers.

IPS Days Payable Historical Data

The historical data trend for IPS'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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IPS Days Payable Chart

IPS Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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40.97

37.45

34.94

47.85

78.81

IPS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															84.08	79.64	92.98	75.74	58.98

Competitive Comparison of IPS's Days Payable

For the Telecom Services subindustry, IPS'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.

IPS's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, IPS's Days Payable distribution charts can be found below:

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

IPS 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.

IPS'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
=	( (1032	+	1781)	/	2 )	/	6514	*	365
=	1406.5					/	6514	*	365
=	78.81

IPS'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
=	( (1514	+	747)	/	2 )	/	1749	*	365 / 4
=	1130.5					/	1749	*	365 / 4
=	58.98

IPS Days Payable Related Terms

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IPS (TSE:4390) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » IPS Inc (TSE:4390) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-1-1 Tsukiji, Chuo-ku, 8th Floor, Togeki Building, Tokyo, JPN, 104-0045

Website

http://www.ipsism.co.jp

IPS Inc is engaged in the wholesale of international telecommunciation services for cable television operators, Internet connection services for corporations, telecommunciation services for call centers, and job placement and advertising services for recruiters.

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