Eltes Co (TSE:3967) Days Payable : 11.05 (As of Nov. 2023)

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What is Eltes Co Days Payable?

Eltes Co's average Accounts Payable for the three months ended in Nov. 2023 was 円131 Mil. Eltes Co's Cost of Goods Sold for the three months ended in Nov. 2023 was 円1,085 Mil. Hence, Eltes Co's Days Payable for the three months ended in Nov. 2023 was 11.05.

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

TSE:3967' s Days Payable Range Over the Past 10 Years
Min: 7.69 Med: 10.9 Max: 69.64
Current: 8.95

During the past 9 years, Eltes Co's highest Days Payable was 69.64. The lowest was 7.69. And the median was 10.90.

TSE:3967's Days Payable is ranked worse than
92.77% of 2531 companies
in the Software industry
Industry Median: 50.13 vs TSE:3967: 8.95

Eltes Co's Days Payable increased from Nov. 2022 (6.55) to Nov. 2023 (11.05). It may suggest that Eltes Co delayed paying its suppliers.

Eltes Co Days Payable Historical Data

The historical data trend for Eltes 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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Eltes Co Days Payable Chart

Eltes Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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7.69

7.96

10.86

12.71

8.19

Eltes Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															6.55	7.27	7.27	8.92	11.05

Competitive Comparison of Eltes Co's Days Payable

For the Software - Application subindustry, Eltes 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.

Eltes Co's Days Payable Distribution in the Software Industry

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

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

Eltes 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.

Eltes Co's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (52.697	+	70.535)	/	2 )	/	2747.459	*	365
=	61.616					/	2747.459	*	365
=	8.19

Eltes Co's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (128.099	+	134.654)	/	2 )	/	1084.658	*	365 / 4
=	131.3765					/	1084.658	*	365 / 4
=	11.05

Eltes Co Days Payable Related Terms

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Eltes Co (TSE:3967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eltes Co Ltd (TSE:3967) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-2-5, Kasumigaseki, 6th Floor, Kasumigaseki Building, Chiyoda-ku, Tokyo, JPN, 100-6006

Website

https://eltes.co.jp

Eltes Co Ltd provides consultation services based on digital risk technology for database risk and other large storage protection in Japan. It also offers internal fraud detection services that enable the prevention of information security breaches caused by internal factors; and a service that includes detection and diagnosis of security breaches caused by external factors.

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