Ichigo Office REIT Investment (Ichigo Office REIT Investment) Days Payable : 71.73 (As of Oct. 2023)

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What is Ichigo Office REIT Investment Days Payable?

Ichigo Office REIT Investment's average Accounts Payable for the six months ended in Oct. 2023 was $8.2 Mil. Ichigo Office REIT Investment's Cost of Goods Sold for the six months ended in Oct. 2023 was $20.9 Mil. Hence, Ichigo Office REIT Investment's Days Payable for the six months ended in Oct. 2023 was 71.73.

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

FCRQF' s Days Payable Range Over the Past 10 Years
Min: 21.19 Med: 36.35 Max: 54.73
Current: 54.73

During the past 13 years, Ichigo Office REIT Investment's highest Days Payable was 54.73. The lowest was 21.19. And the median was 36.35.

FCRQF's Days Payable is ranked worse than
72.19% of 525 companies
in the REITs industry
Industry Median: 128.55 vs FCRQF: 54.73

Ichigo Office REIT Investment's Days Payable increased from Oct. 2022 (41.69) to Oct. 2023 (71.73). It may suggest that Ichigo Office REIT Investment delayed paying its suppliers.

Ichigo Office REIT Investment Days Payable Historical Data

The historical data trend for Ichigo Office REIT 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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Ichigo Office REIT Investment Days Payable Chart

Ichigo Office REIT Investment Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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42.88

43.43

42.60

40.81

39.94

Ichigo Office REIT Investment Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Days Payable	Get a 7-Day Free Trial															38.53	43.06	41.69	56.62	71.73

Competitive Comparison of Ichigo Office REIT Investment's Days Payable

For the REIT - Office subindustry, Ichigo Office REIT 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.

Ichigo Office REIT Investment's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Ichigo Office REIT Investment's Days Payable falls into.

Ichigo Office REIT 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.

Ichigo Office REIT Investment's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (3.913	+	5.382)	/	2 )	/	42.477	*	365
=	4.6475					/	42.477	*	365
=	39.94

Ichigo Office REIT Investment's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (11.07	+	5.382)	/	2 )	/	20.93	*	365 / 2
=	8.226					/	20.93	*	365 / 2
=	71.73

Ichigo Office REIT Investment Days Payable Related Terms

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Ichigo Office REIT Investment (Ichigo Office REIT Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ichigo Office REIT Investment Corp (OTCPK:FCRQF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8975:Japan

Address

1-1-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.ichigo-office.co.jp

Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.

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