Atrae (TSE:6194) Days Payable : 22.56 (As of Dec. 2023)

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What is Atrae Days Payable?

Atrae's average Accounts Payable for the three months ended in Dec. 2023 was 円59 Mil. Atrae's Cost of Goods Sold for the three months ended in Dec. 2023 was 円238 Mil. Hence, Atrae's Days Payable for the three months ended in Dec. 2023 was 22.56.

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

TSE:6194' s Days Payable Range Over the Past 10 Years
Min: 8.85 Med: 18.53 Max: 25.09
Current: 25.09

During the past 9 years, Atrae's highest Days Payable was 25.09. The lowest was 8.85. And the median was 18.53.

TSE:6194's Days Payable is ranked worse than
73.05% of 924 companies
in the Business Services industry
Industry Median: 47.74 vs TSE:6194: 25.09

Atrae's Days Payable declined from Dec. 2022 (22.84) to Dec. 2023 (22.56). It may suggest that Atrae accelerated paying its suppliers.

Atrae Days Payable Historical Data

The historical data trend for Atrae'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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Atrae Days Payable Chart

Atrae Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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18.52

20.97

16.50

8.85

11.89

Atrae 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															22.84	22.92	22.70	23.07	22.56

Competitive Comparison of Atrae's Days Payable

For the Staffing & Employment Services subindustry, Atrae'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.

Atrae's Days Payable Distribution in the Business Services Industry

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

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

Atrae 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.

Atrae's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (25.258	+	27.806)	/	2 )	/	814.27	*	365
=	26.532					/	814.27	*	365
=	11.89

Atrae'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
=	( (27.806	+	89.993)	/	2 )	/	238.238	*	365 / 4
=	58.8995					/	238.238	*	365 / 4
=	22.56

Atrae Days Payable Related Terms

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Atrae (TSE:6194) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Atrae Inc (TSE:6194) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-10-4 Mita, 2nd Floor, Azabujuban Nissin Building, Minato-ku, Tokyo, JPN, 108-0073

Website

https://www.atrae.co.jp

Atrae Inc is an IT service provider in Human Resources field. The company mainly offers the contingent fee typed job site which utilizes big data, as well as planning new business. plans, develops, and manages job information Websites in Japan. It operates green-japan.com, a job media of IT/Web trade, which supports the employment of growing companies; yenta.talentbase.io/yenta/, a matching app that connects business professionals utilizing A.I. technology; and wevox.io/product/, a platform for organizational improvement, as well as provides Web services.

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