Onward Holdings Co (Onward Holdings Co) Days Payable : 35.97 (As of Nov. 2023)

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What is Onward Holdings Co Days Payable?

Onward Holdings Co's average Accounts Payable for the three months ended in Nov. 2023 was $58 Mil. Onward Holdings Co's Cost of Goods Sold for the three months ended in Nov. 2023 was $146 Mil. Hence, Onward Holdings Co's Days Payable for the three months ended in Nov. 2023 was 35.97.

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

OKASY' s Days Payable Range Over the Past 10 Years
Min: 33.4 Med: 49.94 Max: 95.4
Current: 35.96

During the past 13 years, Onward Holdings Co's highest Days Payable was 95.40. The lowest was 33.40. And the median was 49.94.

OKASY's Days Payable is ranked worse than
69.24% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.48 vs OKASY: 35.96

Onward Holdings Co's Days Payable declined from Nov. 2022 (39.82) to Nov. 2023 (35.97). It may suggest that Onward Holdings Co accelerated paying its suppliers.

Onward Holdings Co Days Payable Historical Data

The historical data trend for Onward Holdings 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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Onward Holdings Co Days Payable Chart

Onward Holdings Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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49.41

55.28

47.63

35.65

38.98

Onward Holdings Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															35.21	34.57	40.04	35.97	35.07

Competitive Comparison of Onward Holdings Co's Days Payable

For the Apparel Manufacturing subindustry, Onward Holdings 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.

Onward Holdings Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Onward Holdings Co's Days Payable distribution charts can be found below:

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

Onward Holdings 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.

Onward Holdings Co's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (61.287	+	58.417)	/	2 )	/	560.418	*	365
=	59.852					/	560.418	*	365
=	38.98

Onward Holdings 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
=	( (56.7	+	58.385)	/	2 )	/	145.979	*	365 / 4
=	57.5425					/	145.979	*	365 / 4
=	35.97

Onward Holdings Co Days Payable Related Terms

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Onward Holdings Co (Onward Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Onward Holdings Co Ltd (OTCPK:OKASY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8016:Japan

Address

10-5, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8239

Website

http://www.onward-hd.co.jp

Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three fourths of Onward's sales are in Japan, and most of the company's remaining sales are in Europe. The company manufactures its products primarily in China.

Onward Holdings Co (Onward Holdings Co) Headlines

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