World Holdings Co (TSE:2429) Days Payable : 4.55 (As of Mar. 2024)

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What is World Holdings Co Days Payable?

World Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was 円2,351 Mil. World Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円47,149 Mil. Hence, World Holdings Co's Days Payable for the three months ended in Mar. 2024 was 4.55.

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

TSE:2429' s Days Payable Range Over the Past 10 Years
Min: 3.61 Med: 7.08 Max: 17.96
Current: 3.61

During the past 13 years, World Holdings Co's highest Days Payable was 17.96. The lowest was 3.61. And the median was 7.08.

TSE:2429's Days Payable is ranked worse than
95.77% of 921 companies
in the Business Services industry
Industry Median: 47.69 vs TSE:2429: 3.61

World Holdings Co's Days Payable increased from Mar. 2023 (3.55) to Mar. 2024 (4.55). It may suggest that World Holdings Co delayed paying its suppliers.

World Holdings Co Days Payable Historical Data

The historical data trend for World Holdings Co'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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World Holdings Co Days Payable Chart

World Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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9.55

6.17

5.39

4.42

4.59

World Holdings Co 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															3.55	3.51	3.01	3.95	4.55

Competitive Comparison of World Holdings Co's Days Payable

For the Staffing & Employment Services subindustry, World Holdings Co'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.

World Holdings Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, World Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where World Holdings Co's Days Payable falls into.

World Holdings Co 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.

World Holdings Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1494	+	2935)	/	2 )	/	176123	*	365
=	2214.5					/	176123	*	365
=	4.59

World Holdings Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2935	+	1766)	/	2 )	/	47149	*	365 / 4
=	2350.5					/	47149	*	365 / 4
=	4.55

World Holdings Co Days Payable Related Terms

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World Holdings Co (TSE:2429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » World Holdings Co Ltd (TSE:2429) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hakata Station 2-1-1, Fukuoka Asahi Building, 6th Floor, Fukuoka, JPN, 802-0077

Website

http://world-hd.co.jp

World Holdings Co Ltd is a Japan based company engaged in the human resource and education business, real estate business and information communication business. In the human resource and education business, the company offers contract and temporary placement services and management skills for manufacturing and contracting business to other companies. The real estate business area of the company comprises detached housing sales business, residential condominium sale business, property business, building management business and brokerage business.

World Holdings Co (TSE:2429) Headlines

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