Honma Golf (Honma Golf) Days Payable : 34.61 (As of Sep. 2023)

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What is Honma Golf Days Payable?

Honma Golf's average Accounts Payable for the six months ended in Sep. 2023 was $8.1 Mil. Honma Golf's Cost of Goods Sold for the six months ended in Sep. 2023 was $42.7 Mil. Hence, Honma Golf's Days Payable for the six months ended in Sep. 2023 was 34.61.

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

HNMGF' s Days Payable Range Over the Past 10 Years
Min: 29.15 Med: 51.22 Max: 69.85
Current: 43.3

During the past 10 years, Honma Golf's highest Days Payable was 69.85. The lowest was 29.15. And the median was 51.22.

HNMGF's Days Payable is ranked worse than
61.09% of 753 companies
in the Travel & Leisure industry
Industry Median: 57.9 vs HNMGF: 43.30

Honma Golf's Days Payable declined from Sep. 2022 (72.22) to Sep. 2023 (34.61). It may suggest that Honma Golf accelerated paying its suppliers.

Honma Golf Days Payable Historical Data

The historical data trend for Honma Golf'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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Honma Golf Days Payable Chart

Honma Golf Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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40.02

62.14

69.85

59.86

50.35

Honma Golf Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial														75.71	59.21	72.22	46.76	34.61

Competitive Comparison of Honma Golf's Days Payable

For the Leisure subindustry, Honma Golf'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.

Honma Golf's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Honma Golf's Days Payable distribution charts can be found below:

* The bar in red indicates where Honma Golf's Days Payable falls into.

Honma Golf 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.

Honma Golf'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
=	( (20.198	+	9.742)	/	2 )	/	108.531	*	365
=	14.97					/	108.531	*	365
=	50.35

Honma Golf's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (9.742	+	6.466)	/	2 )	/	42.733	*	365 / 2
=	8.104					/	42.733	*	365 / 2
=	34.61

Honma Golf Days Payable Related Terms

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Honma Golf (Honma Golf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Honma Golf Ltd (OTCPK:HNMGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

06858:Hong Kong

Address

35th Floor, Roppongi Hills, Mori Tower, P.O. Box No. 62, 6-10-1, Roppongi, Minatoku, Tokyo, JPN

Website

https://www.honmagolf.com

Honma Golf Ltd is an investment holding company. It is engaged in the design, manufacturing, and sale of golf-related products and the rendering of services relating to such products. Geographically, it derives a majority of revenue from Japan and also has a presence in Korea, China, North America, Europe, and the Rest of the world. The group currently offers golf clubs mainly under three major product families, namely BERES, TOUR WORLD and Be ZEAL.

Honma Golf (Honma Golf) Headlines

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