eREX Co (TSE:9517) Days Payable : 20.80 (As of Dec. 2023)

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What is eREX Co Days Payable?

eREX Co's average Accounts Payable for the three months ended in Dec. 2023 was 円14,893 Mil. eREX Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円65,345 Mil. Hence, eREX Co's Days Payable for the three months ended in Dec. 2023 was 20.80.

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

TSE:9517' s Days Payable Range Over the Past 10 Years
Min: 22.23 Med: 29.59 Max: 37.71
Current: 24.96

During the past 10 years, eREX Co's highest Days Payable was 37.71. The lowest was 22.23. And the median was 29.59.

TSE:9517's Days Payable is ranked worse than
83.8% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.06 vs TSE:9517: 24.96

eREX Co's Days Payable declined from Dec. 2022 (31.92) to Dec. 2023 (20.80). It may suggest that eREX Co accelerated paying its suppliers.

eREX Co Days Payable Historical Data

The historical data trend for eREX 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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eREX Co Days Payable Chart

eREX Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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32.23

29.79

23.85

22.23

23.80

eREX 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															31.92	31.01	23.77	18.17	20.80

Competitive Comparison of eREX Co's Days Payable

For the Utilities - Renewable subindustry, eREX 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.

eREX Co's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, eREX Co's Days Payable distribution charts can be found below:

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

eREX 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.

eREX Co's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (16155	+	19137)	/	2 )	/	270577	*	365
=	17646					/	270577	*	365
=	23.80

eREX 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
=	( (15112	+	14674)	/	2 )	/	65345	*	365 / 4
=	14893					/	65345	*	365 / 4
=	20.80

eREX Co Days Payable Related Terms

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eREX Co (TSE:9517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » eREX Co Ltd (TSE:9517) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6HF:Germany

Address

2-2-1 Kyobashi, 14th Floor, Kyobashi Edglan, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.erex.co.jp

eREX Co Ltd is a holding company that engages in the electrical power business. Its services include retail sales of power, power market transactions, and power development. In its electric power retail business, it involves in the retail of electric power at an inexpensive price than electric utilities. In its power supplies development business, it involves the planning, design, and construction of power-generating equipment.

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