Invincible Investment (TSE:8963) Days Payable : 24.98 (As of Jun. 2023)

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What is Invincible Investment Days Payable?

Invincible Investment's average Accounts Payable for the six months ended in Jun. 2023 was 円614 Mil. Invincible Investment's Cost of Goods Sold for the six months ended in Jun. 2023 was 円4,488 Mil. Hence, Invincible Investment's Days Payable for the six months ended in Jun. 2023 was 24.98.

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

TSE:8963' s Days Payable Range Over the Past 10 Years
Min: 9.95 Med: 18.64 Max: 31.13
Current: 20.04

During the past 13 years, Invincible Investment's highest Days Payable was 31.13. The lowest was 9.95. And the median was 18.64.

TSE:8963's Days Payable is ranked worse than
90.51% of 527 companies
in the REITs industry
Industry Median: 125.84 vs TSE:8963: 20.04

Invincible Investment's Days Payable increased from Jun. 2022 (22.80) to Jun. 2023 (24.98). It may suggest that Invincible Investment delayed paying its suppliers.

Invincible Investment Days Payable Historical Data

The historical data trend for Invincible Investment'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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Invincible Investment Days Payable Chart

Invincible Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.42

19.86

31.13

28.13

23.96

Invincible Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															32.31	22.80	19.39	24.98	21.47

Competitive Comparison of Invincible Investment's Days Payable

For the REIT - Hotel & Motel subindustry, Invincible Investment'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.

Invincible Investment's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Invincible Investment's Days Payable distribution charts can be found below:

* The bar in red indicates where Invincible Investment's Days Payable falls into.

Invincible Investment 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.

Invincible Investment's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (774.133	+	629.231)	/	2 )	/	9105.261	*	365
=	701.682					/	9105.261	*	365
=	28.13

Invincible Investment's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (629.231	+	599.562)	/	2 )	/	4488.341	*	365 / 2
=	614.3965					/	4488.341	*	365 / 2
=	24.98

Invincible Investment Days Payable Related Terms

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Invincible Investment (TSE:8963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Invincible Investment Corp (TSE:8963) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Roppongi Hills Mori Tower 6-10-1 Roppongi, Minato-ku, Tokyo, JPN

Website

http://www.invincible-inv.co.jp

Invincible Investment Corp is a Japanese real estate investment trust. It aims to ensure steady asset growth and stable revenues from a medium-to-long-term perspective through investing in real estate properties. The company invests primarily in residential properties or hotels, or real estate assets and other assets backed by such residential properties or hotels and real estate-backed securities.

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