Zero Co (TSE:9028) Days Payable : 22.82 (As of Mar. 2024)

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What is Zero Co Days Payable?

Zero Co's average Accounts Payable for the three months ended in Mar. 2024 was 円8,906 Mil. Zero Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円35,610 Mil. Hence, Zero Co's Days Payable for the three months ended in Mar. 2024 was 22.82.

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

TSE:9028' s Days Payable Range Over the Past 10 Years
Min: 21.61 Med: 29.51 Max: 33.74
Current: 26.59

During the past 13 years, Zero Co's highest Days Payable was 33.74. The lowest was 21.61. And the median was 29.51.

TSE:9028's Days Payable is ranked worse than
88.21% of 1264 companies
in the Vehicles & Parts industry
Industry Median: 66.77 vs TSE:9028: 26.59

Zero Co's Days Payable increased from Mar. 2023 (22.27) to Mar. 2024 (22.82). It may suggest that Zero Co delayed paying its suppliers.

Zero Co Days Payable Historical Data

The historical data trend for Zero 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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Zero Co Days Payable Chart

Zero Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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31.34

30.42

28.17

28.60

27.16

Zero Co 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															22.27	28.44	28.84	26.65	22.82

Competitive Comparison of Zero Co's Days Payable

For the Auto & Truck Dealerships subindustry, Zero 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.

Zero Co's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Zero 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.

Zero Co'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
=	( (8433	+	9077)	/	2 )	/	117661	*	365
=	8755					/	117661	*	365
=	27.16

Zero Co'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
=	( (8207	+	9604)	/	2 )	/	35610	*	365 / 4
=	8905.5					/	35610	*	365 / 4
=	22.82

Zero Co Days Payable Related Terms

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Zero Co (TSE:9028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zero Co Ltd (TSE:9028) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Solid Square West Tower 6th floor, Kanagawa, JPN

Website

http://www.zero-group.co.jp

Zero Co Ltd provides transportation services including new and used vehicle transportation, door-to-door transportation of private cars and motorbikes, new and heavy vehicle maintenance, handling and vehicle inspection at the auto auction.

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