INEST (TSE:7111) Days Payable : 726.64 (As of Dec. 2023)

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What is INEST Days Payable?

INEST's average Accounts Payable for the three months ended in Dec. 2023 was 円1,513 Mil. INEST's Cost of Goods Sold for the three months ended in Dec. 2023 was 円190 Mil. Hence, INEST's Days Payable for the three months ended in Dec. 2023 was 726.64.

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

TSE:7111' s Days Payable Range Over the Past 10 Years
Min: 810.59 Med: 1293.02 Max: 1293.02
Current: 810.59

During the past 1 years, INEST's highest Days Payable was 1293.02. The lowest was 810.59. And the median was 1293.02.

TSE:7111's Days Payable is ranked better than
96.56% of 929 companies
in the Business Services industry
Industry Median: 46.74 vs TSE:7111: 810.59

INEST's Days Payable declined from Dec. 2022 (1,149.15) to Dec. 2023 (726.64). It may suggest that INEST accelerated paying its suppliers.

INEST Days Payable Historical Data

The historical data trend for INEST'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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INEST Days Payable Chart

INEST Annual Data

Trend

Mar23

Days Payable

1,293.02

INEST Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	1,149.15	712.76	964.16	778.59	726.64

Competitive Comparison of INEST's Days Payable

For the Specialty Business Services subindustry, INEST'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.

INEST's Days Payable Distribution in the Business Services Industry

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

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

INEST 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.

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

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: . 20 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (	+	1541)	/	1 )	/	435	*	365
=	1541					/	435	*	365
=	1,293.02

INEST'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
=	( (1083	+	1943)	/	2 )	/	190	*	365 / 4
=	1513					/	190	*	365 / 4
=	726.64

INEST Days Payable Related Terms

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INEST (TSE:7111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » INEST Inc (TSE:7111) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-25-9 Higashi-Ikebukuro, 8th Floor, Takase Building, Toshima-ku, Tokyo, JPN, 170-0013

Website

https://www.inest-inc.co.jp

INEST Inc is a Japan-based company mainly engaged in sales support and solution support for corporate companies and individual consumers. The Company is engaged in business management of group companies and related businesses.

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