Current Motor (TSE:7690) Days Payable : 10.52 (As of Apr. 2024)

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What is Current Motor Days Payable?

Current Motor's average Accounts Payable for the six months ended in Apr. 2024 was 円273 Mil. Current Motor's Cost of Goods Sold for the six months ended in Apr. 2024 was 円4,729 Mil. Hence, Current Motor's Days Payable for the six months ended in Apr. 2024 was 10.52.

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

TSE:7690' s Days Payable Range Over the Past 10 Years
Min: 6.06 Med: 9.5 Max: 13.75
Current: 11.89

During the past 6 years, Current Motor's highest Days Payable was 13.75. The lowest was 6.06. And the median was 9.50.

TSE:7690's Days Payable is not ranked
in the Vehicles & Parts industry.
Industry Median: 66.62 vs TSE:7690: 11.89

Current Motor's Days Payable declined from Apr. 2023 (11.78) to Apr. 2024 (10.52). It may suggest that Current Motor accelerated paying its suppliers.

Current Motor Days Payable Historical Data

The historical data trend for Current Motor'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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Current Motor Days Payable Chart

Current Motor Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

Get a 7-Day Free Trial

6.06

9.47

8.19

13.75

10.85

Current Motor Semi-Annual Data
	Oct18	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Days Payable	Get a 7-Day Free Trial						10.94	12.96	11.78	12.01	10.52

Competitive Comparison of Current Motor's Days Payable

For the Auto & Truck Dealerships subindustry, Current Motor'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.

Current Motor's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Current Motor's Days Payable distribution charts can be found below:

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

Current Motor 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.

Current Motor's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (274.917	+	211.687)	/	2 )	/	8185.923	*	365
=	243.302					/	8185.923	*	365
=	10.85

Current Motor's Days Payable for the quarter that ended in Apr. 2024 is calculated as:

	Days Payable (Q: Apr. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
=	( (211.687	+	333.349)	/	2 )	/	4729.409	*	365 / 2
=	272.518					/	4729.409	*	365 / 2
=	10.52

Current Motor Days Payable Related Terms

Thank you for viewing the detailed overview of Current Motor's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Current Motor (TSE:7690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Current Motor Corp (TSE:7690) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-1-19 Utsukushigaoka, Aoba-ku, Kanagawa Prefecture, Yokohama-Shi, JPN, 225-0002

Website

https://www.currentmotor.co.jp

Current Motor Corp is engaged in sale and purchase of various car models. The company also provides repair and maintenance business and provide specialized parts for imported cars.

Current Motor (TSE:7690) Headlines

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