Echo Trading Co (TSE:7427) Days Payable : 64.56 (As of Nov. 2023)

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What is Echo Trading Co Days Payable?

Echo Trading Co's average Accounts Payable for the three months ended in Nov. 2023 was 円17,394 Mil. Echo Trading Co's Cost of Goods Sold for the three months ended in Nov. 2023 was 円24,586 Mil. Hence, Echo Trading Co's Days Payable for the three months ended in Nov. 2023 was 64.56.

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

TSE:7427' s Days Payable Range Over the Past 10 Years
Min: 12.25 Med: 54.09 Max: 67.19
Current: 64.29

During the past 13 years, Echo Trading Co's highest Days Payable was 67.19. The lowest was 12.25. And the median was 54.09.

TSE:7427's Days Payable is ranked better than
68.21% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.55 vs TSE:7427: 64.29

Echo Trading Co's Days Payable increased from Nov. 2022 (63.43) to Nov. 2023 (64.56). It may suggest that Echo Trading Co delayed paying its suppliers.

Echo Trading Co Days Payable Historical Data

The historical data trend for Echo Trading 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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Echo Trading Co Days Payable Chart

Echo Trading Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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52.10

59.70

67.19

60.81

56.07

Echo Trading Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															63.43	65.30	59.48	64.51	64.56

Competitive Comparison of Echo Trading Co's Days Payable

For the Packaged Foods subindustry, Echo Trading 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.

Echo Trading Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Echo Trading Co's Days Payable distribution charts can be found below:

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

Echo Trading 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.

Echo Trading Co's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (12356.342	+	13992.141)	/	2 )	/	85764.581	*	365
=	13174.2415					/	85764.581	*	365
=	56.07

Echo Trading Co's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (16920.073	+	17868.326)	/	2 )	/	24585.75	*	365 / 4
=	17394.1995					/	24585.75	*	365 / 4
=	64.56

Echo Trading Co Days Payable Related Terms

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Echo Trading Co (TSE:7427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Echo Trading Co Ltd (TSE:7427) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 No. 23 in Nishinomiya, Hyogo Prefecture Naruohama 2-chome, Nishinomiya, JPN, 663-8142

Website

http://www.echotd.co.jp

Echo Trading Co Ltd is a Japan-based company offering diversified products and services for pets. The company is engaged in specialty store business, wholesale business, product development business, education business, sales promotion business, event business, and internet business. Its specialty store business, wholesale business, and product development business are engaged in the production and distribution of pet food and pet supplies to pet home centers, supermarkets, and drug stores. Its internet business transmits information useful for pet owners and pet lives such as searching for pet-related facilities such as animal hospitals and trimming salons, and travel knowledge on pets.

Echo Trading Co (TSE:7427) Headlines

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