HITO-Communications Holdings (TSE:4433) Days Payable : 48.06 (As of Aug. 2024)

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What is HITO-Communications Holdings Days Payable?

HITO-Communications Holdings's average Accounts Payable for the three months ended in Aug. 2024 was 円5,888 Mil. HITO-Communications Holdings's Cost of Goods Sold for the three months ended in Aug. 2024 was 円11,180 Mil. Hence, HITO-Communications Holdings's Days Payable for the three months ended in Aug. 2024 was 48.06.

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

TSE:4433' s Days Payable Range Over the Past 10 Years
Min: 18.21 Med: 28.82 Max: 45.93
Current: 45.25

During the past 13 years, HITO-Communications Holdings's highest Days Payable was 45.93. The lowest was 18.21. And the median was 28.82.

TSE:4433's Days Payable is ranked worse than
50.98% of 916 companies
in the Business Services industry
Industry Median: 45.96 vs TSE:4433: 45.25

HITO-Communications Holdings's Days Payable increased from Aug. 2023 (42.24) to Aug. 2024 (48.06). It may suggest that HITO-Communications Holdings delayed paying its suppliers.

HITO-Communications Holdings Days Payable Historical Data

The historical data trend for HITO-Communications 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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HITO-Communications Holdings Days Payable Chart

HITO-Communications Holdings Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Days Payable

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22.93

24.04

36.08

38.51

45.93

HITO-Communications Holdings Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Payable	Get a 7-Day Free Trial															42.24	43.84	47.23	41.50	48.06

Competitive Comparison of HITO-Communications Holdings's Days Payable

For the Staffing & Employment Services subindustry, HITO-Communications 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.

HITO-Communications Holdings's Days Payable Distribution in the Business Services Industry

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

* The bar in red indicates where HITO-Communications Holdings's Days Payable falls into.

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HITO-Communications 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.

HITO-Communications Holdings's Days Payable for the fiscal year that ended in Aug. 2024 is calculated as

	Days Payable (A: Aug. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2023 )	+	Accounts Payable (A: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2024 )	*	Days in Period
=	( (5445	+	6246)	/	2 )	/	46450	*	365
=	5845.5					/	46450	*	365
=	45.93

HITO-Communications Holdings's Days Payable for the quarter that ended in Aug. 2024 is calculated as:

	Days Payable (Q: Aug. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2024 )	+	Accounts Payable (Q: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
=	( (5530	+	6246)	/	2 )	/	11180	*	365 / 4
=	5888					/	11180	*	365 / 4
=	48.06

HITO-Communications Holdings Days Payable Related Terms

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HITO-Communications Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HITO-Communications Holdings Inc (TSE:4433) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-6 Higashi-Ikebukuro, Toshima Ward, Tokyo, JPN, 170-0013

Website

http://www.hitocom-hd.com

HITO-Communications Holdings Inc is engaged in business outsourcing industry placement and pay the general worker dispatching undertaking. Its services include Sales Outsourcing, Sales Promotion, Staffing services, and Tourism Staffing services among others.

HITO-Communications Holdings Headlines

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