IRRC (TSE:7325) Days Payable : 14.76 (As of Mar. 2024)

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What is IRRC Days Payable?

IRRC's average Accounts Payable for the three months ended in Mar. 2024 was 円73 Mil. IRRC's Cost of Goods Sold for the three months ended in Mar. 2024 was 円451 Mil. Hence, IRRC's Days Payable for the three months ended in Mar. 2024 was 14.76.

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

TSE:7325' s Days Payable Range Over the Past 10 Years
Min: 14.48 Med: 22.82 Max: 31.76
Current: 19.02

During the past 8 years, IRRC's highest Days Payable was 31.76. The lowest was 14.48. And the median was 22.82.

TSE:7325's Days Payable is ranked worse than
71.43% of 49 companies
in the Insurance industry
Industry Median: 56.92 vs TSE:7325: 19.02

IRRC's Days Payable declined from Mar. 2023 (38.87) to Mar. 2024 (14.76). It may suggest that IRRC accelerated paying its suppliers.

IRRC Days Payable Historical Data

The historical data trend for IRRC'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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IRRC Days Payable Chart

IRRC Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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15.49

22.82

27.41

24.36

31.76

IRRC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															38.87	28.54	32.70	11.30	14.76

Competitive Comparison of IRRC's Days Payable

For the Insurance - Life subindustry, IRRC'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.

IRRC's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, IRRC's Days Payable distribution charts can be found below:

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

IRRC 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.

IRRC'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
=	( (60.662	+	111.495)	/	2 )	/	989.097	*	365
=	86.0785					/	989.097	*	365
=	31.76

IRRC's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (71.792	+	73.976)	/	2 )	/	450.515	*	365 / 4
=	72.884					/	450.515	*	365 / 4
=	14.76

IRRC Days Payable Related Terms

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IRRC (TSE:7325) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » IRRC Corp (TSE:7325) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 20 Hongo Center Building 4th floor, Bunkyo-ku, No. 20 - 27, Hongo, Tokyo, JPN, 113-0033

Website

https://www.irrc.co.jp

IRRC Corp operates life insurance agency. The company products include insurance sales business, solution business, and system business.

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