Pack (TSE:3950) Days Payable : 68.96 (As of Mar. 2024)

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What is Pack Days Payable?

Pack's average Accounts Payable for the three months ended in Mar. 2024 was 円12,793 Mil. Pack's Cost of Goods Sold for the three months ended in Mar. 2024 was 円16,928 Mil. Hence, Pack's Days Payable for the three months ended in Mar. 2024 was 68.96.

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

TSE:3950' s Days Payable Range Over the Past 10 Years
Min: 60.98 Med: 76.62 Max: 105.91
Current: 60.98

During the past 13 years, Pack's highest Days Payable was 105.91. The lowest was 60.98. And the median was 76.62.

TSE:3950's Days Payable is ranked better than
53.51% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.555 vs TSE:3950: 60.98

Pack's Days Payable declined from Mar. 2023 (74.97) to Mar. 2024 (68.96). It may suggest that Pack accelerated paying its suppliers.

Pack Days Payable Historical Data

The historical data trend for Pack'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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Pack Days Payable Chart

Pack Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.95

79.48

70.43

72.06

70.70

Pack Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															74.97	62.37	64.24	53.27	68.96

Competitive Comparison of Pack's Days Payable

For the Packaging & Containers subindustry, Pack'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.

Pack's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Pack's Days Payable distribution charts can be found below:

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

Pack 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.

Pack's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (14370	+	13890)	/	2 )	/	72949	*	365
=	14130					/	72949	*	365
=	70.70

Pack's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (13890	+	11696)	/	2 )	/	16928	*	365 / 4
=	12793					/	16928	*	365 / 4
=	68.96

Pack Days Payable Related Terms

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Pack (TSE:3950) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pack Corp (TSE:3950) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

OAP Tower 20F, 1-8-30, Temmabashi, Kita-ku, Osaka, JPN, 530-6020

Website

http://www.thepack.co.jp

Pack Corp is a paper and chemical products company. It manufactures and sells packaging paper products and containers. The product categories of the company include Bags and Tote Bags, Boxes, Corrugated Boxes, Film Packaging & Flexible Packaging, Wrapping Supplies & Secondary Materials, and Eco-Products.

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