Hard Off Co (TSE:2674) Days Payable : 2.33 (As of Dec. 2023)

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What is Hard Off Co Days Payable?

Hard Off Co's average Accounts Payable for the three months ended in Dec. 2023 was 円63 Mil. Hard Off Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,445 Mil. Hence, Hard Off Co's Days Payable for the three months ended in Dec. 2023 was 2.33.

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

TSE:2674' s Days Payable Range Over the Past 10 Years
Min: 2.13 Med: 6.37 Max: 22.01
Current: 2.56

During the past 13 years, Hard Off Co's highest Days Payable was 22.01. The lowest was 2.13. And the median was 6.37.

TSE:2674's Days Payable is ranked worse than
97.77% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.405 vs TSE:2674: 2.56

Hard Off Co's Days Payable increased from Dec. 2022 (1.89) to Dec. 2023 (2.33). It may suggest that Hard Off Co delayed paying its suppliers.

Hard Off Co Days Payable Historical Data

The historical data trend for Hard Off 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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Hard Off Co Days Payable Chart

Hard Off Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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6.87

5.28

2.91

2.13

2.60

Hard Off 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															1.89	2.58	2.78	2.68	2.33

Competitive Comparison of Hard Off Co's Days Payable

For the Specialty Retail subindustry, Hard Off 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.

Hard Off Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hard Off Co's Days Payable distribution charts can be found below:

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

Hard Off 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.

Hard Off 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
=	( (56.501	+	63.897)	/	2 )	/	8448.906	*	365
=	60.199					/	8448.906	*	365
=	2.60

Hard Off 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
=	( (62.116	+	62.946)	/	2 )	/	2445.293	*	365 / 4
=	62.531					/	2445.293	*	365 / 4
=	2.33

Hard Off Co Days Payable Related Terms

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Hard Off Co (TSE:2674) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hard Off Corporation Co Ltd (TSE:2674) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1-13 Shinei-cho, Niigata, JPN, 957-0063

Website

http://www.hardoff.co.jp

Hard Off Corporation Co Ltd is a Japan-based company engaged in the reuse business. Its business activities include the purchase of used and unnecessary items from the customers, carry out repair, maintenance, inspection, and cleaning and sell to the customers. Products offered by the Hard Off Corporation include a personal computer, musical instruments, furniture, clothing for men; women; and children, trading cards, game, plastic model, toy, car supplies, bags and accessories, books, wine, champagne, beer, sake, and shochu.

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