Japan Excellent (TSE:8987) Days Payable : 35.52 (As of Jun. 2024)

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What is Japan Excellent Days Payable?

Japan Excellent's average Accounts Payable for the six months ended in Jun. 2024 was 円1,164 Mil. Japan Excellent's Cost of Goods Sold for the six months ended in Jun. 2024 was 円5,979 Mil. Hence, Japan Excellent's Days Payable for the six months ended in Jun. 2024 was 35.52.

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

TSE:8987' s Days Payable Range Over the Past 10 Years
Min: 27.81 Med: 44.98 Max: 65.2
Current: 38.64

During the past 13 years, Japan Excellent's highest Days Payable was 65.20. The lowest was 27.81. And the median was 44.98.

TSE:8987's Days Payable is ranked worse than
76.47% of 561 companies
in the REITs industry
Industry Median: 107.32 vs TSE:8987: 38.64

Japan Excellent's Days Payable increased from Jun. 2023 (28.35) to Jun. 2024 (35.52). It may suggest that Japan Excellent delayed paying its suppliers.

Japan Excellent Days Payable Historical Data

The historical data trend for Japan Excellent'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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Japan Excellent Days Payable Chart

Japan Excellent Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.45

65.20

54.61

46.23

33.57

Japan Excellent Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															43.55	38.14	28.35	42.66	35.52

Competitive Comparison of Japan Excellent's Days Payable

For the REIT - Office subindustry, Japan Excellent'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.

Japan Excellent's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Japan Excellent's Days Payable distribution charts can be found below:

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

Japan Excellent 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.

Japan Excellent'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
=	( (1356.841	+	1261.692)	/	2 )	/	14237.251	*	365
=	1309.2665					/	14237.251	*	365
=	33.57

Japan Excellent's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1261.692	+	1065.656)	/	2 )	/	5979.329	*	365 / 2
=	1163.674					/	5979.329	*	365 / 2
=	35.52

Japan Excellent Days Payable Related Terms

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Japan Excellent Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Excellent Inc (TSE:8987) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-20 Akasaka, Minato-ku, Tokyo, JPN, 107-0052

Website

http://www.excellent-reit.co.jp

Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.

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