Good Speed Co (TSE:7676) Days Payable : 7.66 (As of Dec. 2023)

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What is Good Speed Co Days Payable?

Good Speed Co's average Accounts Payable for the three months ended in Dec. 2023 was 円1,089 Mil. Good Speed Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円12,976 Mil. Hence, Good Speed Co's Days Payable for the three months ended in Dec. 2023 was 7.66.

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

TSE:7676' s Days Payable Range Over the Past 10 Years
Min: 4.37 Med: 7.08 Max: 14.98
Current: 8.75

During the past 7 years, Good Speed Co's highest Days Payable was 14.98. The lowest was 4.37. And the median was 7.08.

TSE:7676's Days Payable is ranked worse than
97.23% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs TSE:7676: 8.75

Good Speed Co's Days Payable declined from Dec. 2022 (13.54) to Dec. 2023 (7.66). It may suggest that Good Speed Co accelerated paying its suppliers.

Good Speed Co Days Payable Historical Data

The historical data trend for Good Speed 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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Good Speed Co Days Payable Chart

Good Speed Co Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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5.65

7.08

11.31

14.98

10.53

Good Speed 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															13.54	10.12	10.58	7.96	7.66

Competitive Comparison of Good Speed Co's Days Payable

For the Auto & Truck Dealerships subindustry, Good Speed 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.

Good Speed Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Good Speed Co's Days Payable distribution charts can be found below:

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

Good Speed 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.

Good Speed 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
=	( (2141.157	+	1061.597)	/	2 )	/	55501.849	*	365
=	1601.377					/	55501.849	*	365
=	10.53

Good Speed 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
=	( (1061.597	+	1116.722)	/	2 )	/	12976.209	*	365 / 4
=	1089.1595					/	12976.209	*	365 / 4
=	7.66

Good Speed Co Days Payable Related Terms

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Good Speed Co (TSE:7676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Good Speed Co Ltd (TSE:7676) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-28-23 Izumi, Higashi-ku, Takatake KANAME Building 8th Floor, Nagoya, JPN, 461-0001

Website

https://goodspeed-group.co.jp

Good Speed Co Ltd is a Japanese based company primarily involved in the automobile sector. The business activities of the group include sales of used cars, sales of parts and supplies, repair and inspection of automobiles, car rental business and others.

Good Speed Co (TSE:7676) Headlines

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