Nagase Brothers (TSE:9733) Days Payable : 2.80 (As of Dec. 2023)

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What is Nagase Brothers Days Payable?

Nagase Brothers's average Accounts Payable for the three months ended in Dec. 2023 was 円296 Mil. Nagase Brothers's Cost of Goods Sold for the three months ended in Dec. 2023 was 円9,643 Mil. Hence, Nagase Brothers's Days Payable for the three months ended in Dec. 2023 was 2.80.

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

TSE:9733' s Days Payable Range Over the Past 10 Years
Min: 3.46 Med: 5.24 Max: 49.67
Current: 3.46

During the past 13 years, Nagase Brothers's highest Days Payable was 49.67. The lowest was 3.46. And the median was 5.24.

TSE:9733's Days Payable is ranked worse than
90.14% of 213 companies
in the Education industry
Industry Median: 37.29 vs TSE:9733: 3.46

Nagase Brothers's Days Payable declined from Dec. 2022 (2.93) to Dec. 2023 (2.80). It may suggest that Nagase Brothers accelerated paying its suppliers.

Nagase Brothers Days Payable Historical Data

The historical data trend for Nagase Brothers'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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Nagase Brothers Days Payable Chart

Nagase Brothers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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4.95

4.94

5.03

4.57

4.27

Nagase Brothers 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															2.93	3.70	4.25	2.92	2.80

Competitive Comparison of Nagase Brothers's Days Payable

For the Education & Training Services subindustry, Nagase Brothers'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.

Nagase Brothers's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Nagase Brothers's Days Payable distribution charts can be found below:

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

Nagase Brothers 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.

Nagase Brothers'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
=	( (432	+	442)	/	2 )	/	37349	*	365
=	437					/	37349	*	365
=	4.27

Nagase Brothers'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
=	( (220	+	371)	/	2 )	/	9643	*	365 / 4
=	295.5					/	9643	*	365 / 4
=	2.80

Nagase Brothers Days Payable Related Terms

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Nagase Brothers (TSE:9733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Nagase Brothers Inc (TSE:9733) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-29-2 Kichijojiminami, Musashino-shi, Tokyo, JPN

Website

http://www.toshin.com

Nagase Brothers Inc operates cram schools. It offers educational services for elementary, junior high, and high school students. It also has business schools, elementary schools, and swimming schools; and offers entrance examination services, as well as publishes reference books.

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