TOW Co (TSE:4767) Days Payable : 48.70 (As of Dec. 2023)

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What is TOW Co Days Payable?

TOW Co's average Accounts Payable for the three months ended in Dec. 2023 was 円2,458 Mil. TOW Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,605 Mil. Hence, TOW Co's Days Payable for the three months ended in Dec. 2023 was 48.70.

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

TSE:4767' s Days Payable Range Over the Past 10 Years
Min: 38.22 Med: 45.6 Max: 76.36
Current: 53.5

During the past 13 years, TOW Co's highest Days Payable was 76.36. The lowest was 38.22. And the median was 45.60.

TSE:4767's Days Payable is ranked worse than
62.65% of 929 companies
in the Media - Diversified industry
Industry Median: 78.37 vs TSE:4767: 53.50

TOW Co's Days Payable declined from Dec. 2022 (48.81) to Dec. 2023 (48.70). It may suggest that TOW Co accelerated paying its suppliers.

TOW Co Days Payable Historical Data

The historical data trend for TOW 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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TOW Co Days Payable Chart

TOW Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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51.74

58.07

76.36

47.04

38.22

TOW Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															48.81	65.19	44.40	42.24	48.70

Competitive Comparison of TOW Co's Days Payable

For the Advertising Agencies subindustry, TOW 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.

TOW Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TOW Co's Days Payable distribution charts can be found below:

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

TOW 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.

TOW Co's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1081.852	+	986.011)	/	2 )	/	9873.781	*	365
=	1033.9315					/	9873.781	*	365
=	38.22

TOW Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1975.402	+	2939.669)	/	2 )	/	4605.1	*	365 / 4
=	2457.5355					/	4605.1	*	365 / 4
=	48.70

TOW Co Days Payable Related Terms

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TOW Co (TSE:4767) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TOW Co Ltd (TSE:4767) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chome No. 3 No. 13 Hulic Kamiyacho building 3 Floor, Toranomon, Minato-ku, Tokyo, JPN, 105-0001

Website

http://www.tow.co.jp

TOW Co Ltd is a Japan-based company mainly engaged in the management, production, and planning of events. It also provides promotions and public relation services to the companies. The company has operations in Japan and overseas.

TOW Co (TSE:4767) Headlines

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