Avant Group (TSE:3836) Days Payable : 18.24 (As of Mar. 2024)

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What is Avant Group Days Payable?

Avant Group's average Accounts Payable for the three months ended in Mar. 2024 was 円681 Mil. Avant Group's Cost of Goods Sold for the three months ended in Mar. 2024 was 円3,407 Mil. Hence, Avant Group's Days Payable for the three months ended in Mar. 2024 was 18.24.

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

TSE:3836' s Days Payable Range Over the Past 10 Years
Min: 18.9 Med: 22.01 Max: 39.55
Current: 18.94

During the past 13 years, Avant Group's highest Days Payable was 39.55. The lowest was 18.90. And the median was 22.01.

TSE:3836's Days Payable is ranked worse than
80.91% of 2536 companies
in the Software industry
Industry Median: 50.1 vs TSE:3836: 18.94

Avant Group's Days Payable increased from Mar. 2023 (18.15) to Mar. 2024 (18.24). It may suggest that Avant Group delayed paying its suppliers.

Avant Group Days Payable Historical Data

The historical data trend for Avant Group'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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Avant Group Days Payable Chart

Avant Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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22.18

20.12

18.90

20.93

19.68

Avant Group 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															18.15	18.39	19.60	20.64	18.24

Competitive Comparison of Avant Group's Days Payable

For the Software - Application subindustry, Avant Group'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.

Avant Group's Days Payable Distribution in the Software Industry

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

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

Avant Group 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.

Avant Group's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (662.316	+	634.758)	/	2 )	/	12028.711	*	365
=	648.537					/	12028.711	*	365
=	19.68

Avant Group'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
=	( (719.809	+	642.166)	/	2 )	/	3407.321	*	365 / 4
=	680.9875					/	3407.321	*	365 / 4
=	18.24

Avant Group Days Payable Related Terms

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Avant Group (TSE:3836) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Avant Group Corp (TSE:3836) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-15-2 Konan, 13th Floor, Shinagawa Intercity Building B, Minato-ku, Tokyo, JPN, 108-6113

Website

https://www.avantcorp.com

Avant Group Corp formerly, AVANT Corp is a holding company. The company through its subsidiaries is engaged in business solution package development, license sales, consulting service, support service, BI outsourcing business, BI and DWH consulting business, and BI and DWH equipment sales.

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