Tosei (TSE:8923) Days Payable : 29.39 (As of Feb. 2024)

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What is Tosei Days Payable?

Tosei's average Accounts Payable for the three months ended in Feb. 2024 was 円6,797 Mil. Tosei's Cost of Goods Sold for the three months ended in Feb. 2024 was 円21,101 Mil. Hence, Tosei's Days Payable for the three months ended in Feb. 2024 was 29.39.

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

TSE:8923' s Days Payable Range Over the Past 10 Years
Min: 22.41 Med: 39.09 Max: 52.13
Current: 52.13

During the past 13 years, Tosei's highest Days Payable was 52.13. The lowest was 22.41. And the median was 39.09.

TSE:8923's Days Payable is ranked worse than
69.41% of 1579 companies
in the Real Estate industry
Industry Median: 97.02 vs TSE:8923: 52.13

Tosei's Days Payable increased from Feb. 2023 (28.02) to Feb. 2024 (29.39). It may suggest that Tosei delayed paying its suppliers.

Tosei Days Payable Historical Data

The historical data trend for Tosei'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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Tosei Days Payable Chart

Tosei Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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48.15

44.25

46.45

42.57

43.76

Tosei 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															28.02	48.86	78.22	91.07	29.39

Competitive Comparison of Tosei's Days Payable

For the Real Estate - Diversified subindustry, Tosei'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.

Tosei's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tosei's Days Payable distribution charts can be found below:

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

Tosei 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.

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

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (5681.615	+	6107.625)	/	2 )	/	49161.218	*	365
=	5894.62					/	49161.218	*	365
=	43.76

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

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (6107.625	+	7485.914)	/	2 )	/	21100.858	*	365 / 4
=	6796.7695					/	21100.858	*	365 / 4
=	29.39

Tosei Days Payable Related Terms

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Tosei (TSE:8923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tosei Corp (TSE:8923) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-2-3 Toranomon, Toranomon Tosei Building, Minato-ku, Tokyo, JPN, 105-0001

Website

http://www.toseicorp.co.jp

Tosei Corp is a real estate company. The company's business segment includes Revitalization; Development; Rental; Fund and Consulting; Property Management and Hotel Business. In the Development Business, it examines the characteristics of acquired land and determines the use that will maximize its value, choosing from a diverse product lineup that includes office buildings, commercial facilities, condominiums and detached houses and hotels.

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