OBIC Co (OBIC Co) Days Payable : 69.65 (As of Mar. 2024)

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What is OBIC Co Days Payable?

OBIC Co's average Accounts Payable for the three months ended in Mar. 2024 was $32.9 Mil. OBIC Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $43.1 Mil. Hence, OBIC Co's Days Payable for the three months ended in Mar. 2024 was 69.65.

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

OBIIF' s Days Payable Range Over the Past 10 Years
Min: 55.04 Med: 59.15 Max: 64.17
Current: 64.04

During the past 13 years, OBIC Co's highest Days Payable was 64.17. The lowest was 55.04. And the median was 59.15.

OBIIF's Days Payable is ranked better than
56.65% of 2533 companies
in the Software industry
Industry Median: 50.13 vs OBIIF: 64.04

OBIC Co's Days Payable increased from Mar. 2023 (61.97) to Mar. 2024 (69.65). It may suggest that OBIC Co delayed paying its suppliers.

OBIC Co Days Payable Historical Data

The historical data trend for OBIC 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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OBIC Co Days Payable Chart

OBIC Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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57.49

57.60

63.18

65.63

67.84

OBIC Co 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															61.97	65.65	60.59	63.90	69.65

Competitive Comparison of OBIC Co's Days Payable

For the Software - Application subindustry, OBIC 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.

OBIC Co's Days Payable Distribution in the Software Industry

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

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

OBIC 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.

OBIC Co's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (31.317	+	31.118)	/	2 )	/	167.95	*	365
=	31.2175					/	167.95	*	365
=	67.84

OBIC Co'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
=	( (34.741	+	31.118)	/	2 )	/	43.139	*	365 / 4
=	32.9295					/	43.139	*	365 / 4
=	69.65

OBIC Co Days Payable Related Terms

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OBIC Co (OBIC Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OBIC Co Ltd (OTCPK:OBIIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

4684:Japan OBL:Germany

Address

Obic Building, 2-4-15 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8328

Website

http://www.obic.co.jp

OBIC Co Ltd is a Japan-based IT service management company. Its principal operations are system integration services, system support services, office automation services, and package software services, providing customers with total solution services. The company's business segments include System Integration Services, OBIC7 series ERP software, System Support Services and Office Automation Services.

OBIC Co (OBIC Co) Headlines

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