Tokyu Land (FRA:TOL) Days Payable : 26.40 (As of Dec. 2013)

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What is Tokyu Land Days Payable?

Tokyu Land's average Accounts Payable for the three months ended in Dec. 2013 was €189 Mil. Tokyu Land's Cost of Goods Sold for the three months ended in Dec. 2013 was €654 Mil. Hence, Tokyu Land's Days Payable for the three months ended in Dec. 2013 was 26.40.

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

FRA:TOL's Days Payable is not ranked ^*
in the Real Estate industry.
Industry Median: 99.725
* Ranked among companies with meaningful Days Payable only.

Tokyu Land's Days Payable declined from Dec. 2012 (27.30) to Dec. 2013 (26.40). It may suggest that Tokyu Land accelerated paying its suppliers.

Tokyu Land Days Payable Historical Data

The historical data trend for Tokyu Land'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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Tokyu Land Days Payable Chart

Tokyu Land Annual Data

Trend

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Days Payable

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43.46

44.76

54.17

56.23

50.87

Tokyu Land Quarterly Data
	Dec08	Mar09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Days Payable	Get a 7-Day Free Trial															27.30	26.07	41.30	21.09	26.40

Competitive Comparison of Tokyu Land's Days Payable

For the Real Estate - Development subindustry, Tokyu Land'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.

Tokyu Land's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tokyu Land's Days Payable distribution charts can be found below:

* The bar in red indicates where Tokyu Land's Days Payable falls into.

Tokyu Land 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.

Tokyu Land's Days Payable for the fiscal year that ended in Mar. 2013 is calculated as

	Days Payable (A: Mar. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2012 )	+	Accounts Payable (A: Mar. 2013 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2013 )	*	Days in Period
=	( (594.945	+	470.132)	/	2 )	/	3820.85	*	365
=	532.5385					/	3820.85	*	365
=	50.87

Tokyu Land's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

	Days Payable (Q: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2013 )	+	Accounts Payable (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (263.99	+	114.298)	/	2 )	/	653.705	*	365 / 4
=	189.144					/	653.705	*	365 / 4
=	26.40

Tokyu Land Days Payable Related Terms

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Tokyu Land (FRA:TOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tokyu Land Corp (FRA:TOL) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Website

http://www.tokyu-land.co.jp

Tokyu Land Corp is a real estate company engaged in seven business segments, namely real estate sales, contracted construction, retail sales, leasing of real estate, property management, resorts and real estate agents and other.