Cube Co (TSE:7112) Days Payable : 36.77 (As of Dec. 2023)

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What is Cube Co Days Payable?

Cube Co's average Accounts Payable for the three months ended in Dec. 2023 was 円170 Mil. Cube Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円421 Mil. Hence, Cube Co's Days Payable for the three months ended in Dec. 2023 was 36.77.

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

TSE:7112' s Days Payable Range Over the Past 10 Years
Min: 8.48 Med: 19.48 Max: 52.06
Current: 52.06

During the past 4 years, Cube Co's highest Days Payable was 52.06. The lowest was 8.48. And the median was 19.48.

TSE:7112's Days Payable is ranked worse than
53.48% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs TSE:7112: 52.06

Cube Co's Days Payable increased from Sep. 2022 (34.63) to Dec. 2023 (36.77). It may suggest that Cube Co delayed paying its suppliers.

Cube Co Days Payable Historical Data

The historical data trend for Cube 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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Cube Co Days Payable Chart

Cube Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

34.26

26.55

12.40

8.48

Cube Co Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			34.63	34.34	-	38.08	36.77

Competitive Comparison of Cube Co's Days Payable

For the Apparel Manufacturing subindustry, Cube 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.

Cube Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cube Co's Days Payable distribution charts can be found below:

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

Cube 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.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (64.844	+	32.839)	/	2 )	/	2101.791	*	365
=	48.8415					/	2101.791	*	365
=	8.48

Cube 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
=	( (306.241	+	32.839)	/	2 )	/	420.775	*	365 / 4
=	169.54					/	420.775	*	365 / 4
=	36.77

Cube Co Days Payable Related Terms

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Cube Co (TSE:7112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cube Co Ltd (TSE:7112) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-17-7 Akasaka, Minato-ku, Tokyo, JPN, 107-0052

Website

https://www.cube-co.com

Cube Co Ltd is a manufacturer and retailer of private-label MARK & LONA apparel and goods.

Cube Co (TSE:7112) Headlines

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