Sotetsu Holdings (TSE:9003) Days Payable : 19.21 (As of Dec. 2023)

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What is Sotetsu Holdings Days Payable?

Sotetsu Holdings's average Accounts Payable for the three months ended in Dec. 2023 was 円8,873 Mil. Sotetsu Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円42,147 Mil. Hence, Sotetsu Holdings's Days Payable for the three months ended in Dec. 2023 was 19.21.

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

TSE:9003' s Days Payable Range Over the Past 10 Years
Min: 15.39 Med: 20.1 Max: 28.37
Current: 17.23

During the past 13 years, Sotetsu Holdings's highest Days Payable was 28.37. The lowest was 15.39. And the median was 20.10.

TSE:9003's Days Payable is ranked worse than
93.39% of 469 companies
in the Conglomerates industry
Industry Median: 58.29 vs TSE:9003: 17.23

Sotetsu Holdings's Days Payable increased from Dec. 2022 (16.27) to Dec. 2023 (19.21). It may suggest that Sotetsu Holdings delayed paying its suppliers.

Sotetsu Holdings Days Payable Historical Data

The historical data trend for Sotetsu Holdings'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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Sotetsu Holdings Days Payable Chart

Sotetsu Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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15.39

16.12

16.06

16.34

18.20

Sotetsu Holdings 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															15.73	17.65	17.89	19.21	13.97

Competitive Comparison of Sotetsu Holdings's Days Payable

For the Conglomerates subindustry, Sotetsu Holdings'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.

Sotetsu Holdings's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sotetsu Holdings's Days Payable distribution charts can be found below:

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

Sotetsu Holdings 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.

Sotetsu Holdings's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (9307	+	8194)	/	2 )	/	175455	*	365
=	8750.5					/	175455	*	365
=	18.20

Sotetsu Holdings'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
=	( (9928	+	7818)	/	2 )	/	42147	*	365 / 4
=	8873					/	42147	*	365 / 4
=	19.21

Sotetsu Holdings Days Payable Related Terms

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Sotetsu Holdings (TSE:9003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sotetsu Holdings Inc (TSE:9003) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-9-14 Kita Saiwa Nishi-ku, Yokohama-shi, JPN, 220-0004

Website

http://www.sotetsu.co.jp

Sotetsu Holdings Inc is a Japanese operator of railway trains and busses. Next to the core business of transporting people and freight, the company operates a real estate business selling and leasing real estate and offers construction works and building maintenance services. Other business ventures include golf courses, hotels, and travel agents.

Sotetsu Holdings (TSE:9003) Headlines

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