Rakus Co (TSE:3923) Days Payable : 0.11 (As of Dec. 2023)

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What is Rakus Co Days Payable?

Rakus Co's average Accounts Payable for the three months ended in Dec. 2023 was 円4 Mil. Rakus Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,781 Mil. Hence, Rakus Co's Days Payable for the three months ended in Dec. 2023 was 0.11.

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

TSE:3923' s Days Payable Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.11
Current: 0.11

During the past 9 years, Rakus Co's highest Days Payable was 0.11. The lowest was 0.01. And the median was 0.04.

TSE:3923's Days Payable is ranked worse than
99.92% of 2525 companies
in the Software industry
Industry Median: 50.65 vs TSE:3923: 0.11

Rakus Co's Days Payable increased from Dec. 2022 (0.04) to Dec. 2023 (0.11). It may suggest that Rakus Co delayed paying its suppliers.

Rakus Co Days Payable Historical Data

The historical data trend for Rakus 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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Rakus Co Days Payable Chart

Rakus Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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0.03

0.02

0.01

0.06

0.08

Rakus Co 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															0.04	0.12	0.09	0.08	0.11

Competitive Comparison of Rakus Co's Days Payable

For the Information Technology Services subindustry, Rakus 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.

Rakus Co's Days Payable Distribution in the Software Industry

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

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

Rakus 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.

Rakus Co'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
=	( (1	+	3)	/	2 )	/	8622	*	365
=	2					/	8622	*	365
=	0.08

Rakus Co'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
=	( (3	+	4)	/	2 )	/	2781	*	365 / 4
=	3.5					/	2781	*	365 / 4
=	0.11

Rakus Co Days Payable Related Terms

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Rakus Co (TSE:3923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rakus Co Ltd (TSE:3923) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 - 27 - 11 Sendagaya Shibuya Ward, Aggreg Square Shinjuku 2nd Floor, 3rd Floor, Tokyo, JPN, 151-0051

Website

http://www.rakus.co.jp

Rakus Co Ltd provides information technology services in Japan. The Company's services include cloud services and email management software. The cloud services include the development and sales of transportation expenses, mail sharing and unified management system, mail delivery system and others. The dispatch of IT engineers services mainly provides employee dispatching services specializing in IT engineer, providing services includes Java system development, infrastructure construction and operation, and others.

Rakus Co (TSE:3923) Headlines

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