Renaissance (TSE:2378) Days Payable : 0.51 (As of Dec. 2023)

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What is Renaissance Days Payable?

Renaissance's average Accounts Payable for the three months ended in Dec. 2023 was 円56 Mil. Renaissance's Cost of Goods Sold for the three months ended in Dec. 2023 was 円9,883 Mil. Hence, Renaissance's Days Payable for the three months ended in Dec. 2023 was 0.51.

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

TSE:2378' s Days Payable Range Over the Past 10 Years
Min: 0.51 Med: 0.65 Max: 2.86
Current: 0.62

During the past 13 years, Renaissance's highest Days Payable was 2.86. The lowest was 0.51. And the median was 0.65.

TSE:2378's Days Payable is ranked worse than
99.57% of 931 companies
in the Media - Diversified industry
Industry Median: 79.27 vs TSE:2378: 0.62

Renaissance's Days Payable stayed the same from Dec. 2022 (0.51) to Dec. 2023 (0.51). stayed the same

Renaissance Days Payable Historical Data

The historical data trend for Renaissance'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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Renaissance Days Payable Chart

Renaissance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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0.66

0.56

0.51

0.56

0.65

Renaissance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															0.53	0.65	0.63	0.51	0.64

Competitive Comparison of Renaissance's Days Payable

For the Entertainment subindustry, Renaissance'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.

Renaissance's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Renaissance's Days Payable distribution charts can be found below:

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

Renaissance 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.

Renaissance's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (54.479	+	87.888)	/	2 )	/	39961.151	*	365
=	71.1835					/	39961.151	*	365
=	0.65

Renaissance's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (52.984	+	58.508)	/	2 )	/	9883.335	*	365 / 4
=	55.746					/	9883.335	*	365 / 4
=	0.51

Renaissance Days Payable Related Terms

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Renaissance (TSE:2378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Renaissance Inc (TSE:2378) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-10-14, Sumida-ku, Tokyo, JPN, 136-0026

Website

http://www.s-renaissance.co.jp

Renaissance Inc is mainly engaged in the operation of sports clubs in Japan. Its business activities include fitness club, swimming school, tennis school, golf school, health promotion business at local governments and enterprises, nursing care rehabilitation business, other related business.

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