TEAR (TSE:2485) Days Payable : 17.90 (As of Dec. 2023)

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What is TEAR Days Payable?

TEAR's average Accounts Payable for the three months ended in Dec. 2023 was 円435 Mil. TEAR's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,217 Mil. Hence, TEAR's Days Payable for the three months ended in Dec. 2023 was 17.90.

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

TSE:2485' s Days Payable Range Over the Past 10 Years
Min: 13.72 Med: 16.13 Max: 42.09
Current: 16.25

During the past 13 years, TEAR's highest Days Payable was 42.09. The lowest was 13.72. And the median was 16.13.

TSE:2485's Days Payable is ranked worse than
74.75% of 99 companies
in the Personal Services industry
Industry Median: 29.65 vs TSE:2485: 16.25

TEAR's Days Payable increased from Dec. 2022 (14.75) to Dec. 2023 (17.90). It may suggest that TEAR delayed paying its suppliers.

TEAR Days Payable Historical Data

The historical data trend for TEAR'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.

* Premium members only.

TEAR Days Payable Chart

TEAR Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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15.96

14.90

13.72

13.76

15.04

TEAR 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															14.75	15.28	14.42	14.26	17.90

Competitive Comparison of TEAR's Days Payable

For the Personal Services subindustry, TEAR'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.

TEAR's Days Payable Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, TEAR's Days Payable distribution charts can be found below:

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

TEAR 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.

TEAR'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
=	( (323	+	361)	/	2 )	/	8299	*	365
=	342					/	8299	*	365
=	15.04

TEAR'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
=	( (361	+	509)	/	2 )	/	2217	*	365 / 4
=	435					/	2217	*	365 / 4
=	17.90

TEAR Days Payable Related Terms

Thank you for viewing the detailed overview of TEAR's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

TEAR (TSE:2485) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » TEAR Corp (TSE:2485) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2485:Japan

Address

3-35-1, Kurokawahontori, Nagoya, JPN

Website

http://www.tear.co.jp

TEAR Corp is engaged in the subcontracting of funeral services and legal requirements. The company also provides follow up according to contents of bereaved families and propose funeral business entrants and know how provided by franchise.

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