Kanamic Network Co (TSE:3939) Days Payable : 9.12 (As of Dec. 2023)

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What is Kanamic Network Co Days Payable?

Kanamic Network Co's average Accounts Payable for the three months ended in Dec. 2023 was 円46 Mil. Kanamic Network Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円461 Mil. Hence, Kanamic Network Co's Days Payable for the three months ended in Dec. 2023 was 9.12.

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

TSE:3939' s Days Payable Range Over the Past 10 Years
Min: 7.46 Med: 19.67 Max: 186.23
Current: 7.46

During the past 9 years, Kanamic Network Co's highest Days Payable was 186.23. The lowest was 7.46. And the median was 19.67.

TSE:3939's Days Payable is ranked worse than
94.08% of 591 companies
in the Healthcare Providers & Services industry
Industry Median: 61.58 vs TSE:3939: 7.46

Kanamic Network Co's Days Payable declined from Dec. 2022 (16.82) to Dec. 2023 (9.12). It may suggest that Kanamic Network Co accelerated paying its suppliers.

Kanamic Network Co Days Payable Historical Data

The historical data trend for Kanamic Network 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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Kanamic Network Co Days Payable Chart

Kanamic Network Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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9.57

18.77

19.67

26.39

15.87

Kanamic Network 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															16.82	6.51	4.93	7.51	9.12

Competitive Comparison of Kanamic Network Co's Days Payable

For the Health Information Services subindustry, Kanamic Network 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.

Kanamic Network Co's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kanamic Network Co's Days Payable distribution charts can be found below:

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

Kanamic Network 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.

Kanamic Network Co's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (49.42	+	50.79)	/	2 )	/	1152.135	*	365
=	50.105					/	1152.135	*	365
=	15.87

Kanamic Network 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
=	( (50.79	+	41.371)	/	2 )	/	460.836	*	365 / 4
=	46.0805					/	460.836	*	365 / 4
=	9.12

Kanamic Network Co Days Payable Related Terms

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Kanamic Network Co (TSE:3939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kanamic Network Co Ltd (TSE:3939) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0WT:Germany

Address

4-20-3 Ebisu, 31st floor, Ebisu Garden Place Tower, Shibuya-ku, Tokyo, JPN, 150-6031

Website

http://www.kanamic.net

Kanamic Network Co Ltd provides platforms and management systems for the health care industry. The firm develops software to support medical care and nursing care business management. It offers cloud services for construction of information sharing platform in the medical and nursing care field to local government staff, doctors, nurses, care managers; system integration and system solution business; Website production/management work; and planning, production, and sale of Web content and video, and various sales promotion tools. In addition, it offers management and system consulting services, and education and training services; and engages in planning and holding lectures, seminars, academic conferences.

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