Shinto Holdings (TSE:2776) Days Payable : 40.33 (As of Jul. 2024)

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What is Shinto Holdings Days Payable?

Shinto Holdings's average Accounts Payable for the three months ended in Jul. 2024 was 円563 Mil. Shinto Holdings's Cost of Goods Sold for the three months ended in Jul. 2024 was 円1,275 Mil. Hence, Shinto Holdings's Days Payable for the three months ended in Jul. 2024 was 40.33.

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

TSE:2776' s Days Payable Range Over the Past 10 Years
Min: 4.38 Med: 92.29 Max: 481.55
Current: 21.88

During the past 13 years, Shinto Holdings's highest Days Payable was 481.55. The lowest was 4.38. And the median was 92.29.

TSE:2776's Days Payable is ranked worse than
84.13% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.93 vs TSE:2776: 21.88

Shinto Holdings's Days Payable increased from Jul. 2023 (7.37) to Jul. 2024 (40.33). It may suggest that Shinto Holdings delayed paying its suppliers.

Shinto Holdings Days Payable Historical Data

The historical data trend for Shinto Holdings'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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Shinto Holdings Days Payable Chart

Shinto Holdings Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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94.86

13.78

4.38

19.07

12.09

Shinto Holdings Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Days Payable	Get a 7-Day Free Trial															7.37	2.28	4.50	8.76	40.33

Competitive Comparison of Shinto Holdings's Days Payable

For the Apparel Manufacturing subindustry, Shinto Holdings'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.

Shinto Holdings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shinto Holdings's Days Payable distribution charts can be found below:

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

Shinto Holdings 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.

Shinto Holdings's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (305.551	+	102.716)	/	2 )	/	6160.338	*	365
=	204.1335					/	6160.338	*	365
=	12.09

Shinto Holdings's Days Payable for the quarter that ended in Jul. 2024 is calculated as:

	Days Payable (Q: Jul. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2024 )	+	Accounts Payable (Q: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
=	( (3.631	+	1123.148)	/	2 )	/	1274.699	*	365 / 4
=	563.3895					/	1274.699	*	365 / 4
=	40.33

Shinto Holdings Days Payable Related Terms

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Shinto Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shinto Holdings Inc (TSE:2776) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-17-17 Kamezawa Sumida-Ku, Tokyo, JPN, 130-0014

Website

http://www.crymson.co.jp

Shinto Holdings Inc is engaged in the manufacturing and sale of casual wears, including tee-shirts, training clothes, and knitted products. It operates in three segments namely: wholesale, retail, and licensing.

Shinto Holdings Headlines

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