Tokaido REIT (TSE:2989) Days Payable : 74.19 (As of Jul. 2023)

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What is Tokaido REIT Days Payable?

Tokaido REIT's average Accounts Payable for the six months ended in Jul. 2023 was 円199 Mil. Tokaido REIT's Cost of Goods Sold for the six months ended in Jul. 2023 was 円490 Mil. Hence, Tokaido REIT's Days Payable for the six months ended in Jul. 2023 was 74.19.

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

TSE:2989' s Days Payable Range Over the Past 10 Years
Min: 56.03 Med: 80.21 Max: 86.95
Current: 56.03

During the past 3 years, Tokaido REIT's highest Days Payable was 86.95. The lowest was 56.03. And the median was 80.21.

TSE:2989's Days Payable is ranked worse than
70.38% of 530 companies
in the REITs industry
Industry Median: 125.385 vs TSE:2989: 56.03

Tokaido REIT's Days Payable increased from Jul. 2022 (37.06) to Jul. 2023 (74.19). It may suggest that Tokaido REIT delayed paying its suppliers.

Tokaido REIT Days Payable Historical Data

The historical data trend for Tokaido REIT'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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Tokaido REIT Days Payable Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

Days Payable

86.95

73.47

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Days Payable	Get a 7-Day Free Trial			55.48	37.06	47.08	74.19	93.27

Competitive Comparison of Tokaido REIT's Days Payable

For the REIT - Diversified subindustry, Tokaido REIT'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.

Tokaido REIT's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tokaido REIT's Days Payable distribution charts can be found below:

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

Tokaido REIT 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.

Tokaido REIT's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (87.156	+	265.642)	/	2 )	/	876.355	*	365
=	176.399					/	876.355	*	365
=	73.47

Tokaido REIT's Days Payable for the quarter that ended in Jul. 2023 is calculated as:

	Days Payable (Q: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2023 )	+	Accounts Payable (Q: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
=	( (132.724	+	265.642)	/	2 )	/	489.947	*	365 / 2
=	199.183					/	489.947	*	365 / 2
=	74.19

Tokaido REIT Days Payable Related Terms

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Tokaido REIT (TSE:2989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokaido REIT Inc (TSE:2989) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.

Tokaido REIT (TSE:2989) Headlines

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