Tosei Reit Investment (TSE:3451) Days Payable : 29.97 (As of Oct. 2023)

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What is Tosei Reit Investment Days Payable?

Tosei Reit Investment's average Accounts Payable for the six months ended in Oct. 2023 was 円257 Mil. Tosei Reit Investment's Cost of Goods Sold for the six months ended in Oct. 2023 was 円1,564 Mil. Hence, Tosei Reit Investment's Days Payable for the six months ended in Oct. 2023 was 29.97.

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

TSE:3451' s Days Payable Range Over the Past 10 Years
Min: 15.41 Med: 22.62 Max: 57.83
Current: 26.13

During the past 9 years, Tosei Reit Investment's highest Days Payable was 57.83. The lowest was 15.41. And the median was 22.62.

TSE:3451's Days Payable is ranked worse than
86.48% of 525 companies
in the REITs industry
Industry Median: 128.81 vs TSE:3451: 26.13

Tosei Reit Investment's Days Payable increased from Oct. 2022 (22.68) to Oct. 2023 (29.97). It may suggest that Tosei Reit Investment delayed paying its suppliers.

Tosei Reit Investment Days Payable Historical Data

The historical data trend for Tosei Reit Investment'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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Tosei Reit Investment Days Payable Chart

Tosei Reit Investment Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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15.41

18.72

20.63

18.28

22.62

Tosei Reit Investment Semi-Annual Data
	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Days Payable	Get a 7-Day Free Trial													27.67	23.09	22.68	25.77	29.97

Competitive Comparison of Tosei Reit Investment's Days Payable

For the REIT - Diversified subindustry, Tosei Reit Investment'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.

Tosei Reit Investment's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Tosei Reit Investment's Days Payable falls into.

Tosei Reit Investment 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.

Tosei Reit Investment's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (155.38	+	230.914)	/	2 )	/	3116.269	*	365
=	193.147					/	3116.269	*	365
=	22.62

Tosei Reit Investment's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (282.899	+	230.914)	/	2 )	/	1564.287	*	365 / 2
=	256.9065					/	1564.287	*	365 / 2
=	29.97

Tosei Reit Investment Days Payable Related Terms

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Tosei Reit Investment (TSE:3451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tosei Reit Investment Corp (TSE:3451) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo, JPN

Website

http://www.toseicorp.co.jp

Tosei Reit Investment Corp is a Japanese company operating in the real estate industry. The company invests in real estate and other assets and the investments are spread across Offices, Commercial facility and Housing.

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