Digital Information Technologies (TSE:3916) Days Payable : 17.09 (As of Mar. 2024)

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What is Digital Information Technologies Days Payable?

Digital Information Technologies's average Accounts Payable for the three months ended in Mar. 2024 was 円722 Mil. Digital Information Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was 円3,853 Mil. Hence, Digital Information Technologies's Days Payable for the three months ended in Mar. 2024 was 17.09.

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

TSE:3916' s Days Payable Range Over the Past 10 Years
Min: 12.87 Med: 15.52 Max: 18.44
Current: 17.63

During the past 10 years, Digital Information Technologies's highest Days Payable was 18.44. The lowest was 12.87. And the median was 15.52.

TSE:3916's Days Payable is ranked worse than
82.57% of 2536 companies
in the Software industry
Industry Median: 50.1 vs TSE:3916: 17.63

Digital Information Technologies's Days Payable increased from Mar. 2023 (17.06) to Mar. 2024 (17.09). It may suggest that Digital Information Technologies delayed paying its suppliers.

Digital Information Technologies Days Payable Historical Data

The historical data trend for Digital Information Technologies'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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Digital Information Technologies Days Payable Chart

Digital Information Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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14.01

14.55

15.20

16.33

15.94

Digital Information Technologies 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															17.06	17.77	17.04	16.97	17.09

Competitive Comparison of Digital Information Technologies's Days Payable

For the Information Technology Services subindustry, Digital Information Technologies'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.

Digital Information Technologies's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Digital Information Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Digital Information Technologies's Days Payable falls into.

Digital Information Technologies 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.

Digital Information Technologies'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
=	( (592.636	+	615.14)	/	2 )	/	13830.624	*	365
=	603.888					/	13830.624	*	365
=	15.94

Digital Information Technologies'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
=	( (630.347	+	812.96)	/	2 )	/	3852.871	*	365 / 4
=	721.6535					/	3852.871	*	365 / 4
=	17.09

Digital Information Technologies Days Payable Related Terms

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Digital Information Technologies (TSE:3916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Information Technologies Corp (TSE:3916) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chuo-ku, Tokyo Hatchobori 4-chome, 5-4 FORECAST Sakurabashi the third floor, Tokyo, JPN

Website

https://www.ditgroup.jp

Digital Information Technologies Corp is a Japan-based information service company mainly engaged in operation of software development business and computer sales business. The company develops business systems, embedded devices, etc. for clients primarily in the fields of finance, communications. Its products include WebARGUS, a Website security solution; and xoBlos, an Excel work innovation platform.

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