ASNOVA Co (TSE:9223) Days Payable : 59.98 (As of Dec. 2023)

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What is ASNOVA Co Days Payable?

ASNOVA Co's average Accounts Payable for the three months ended in Dec. 2023 was 円468 Mil. ASNOVA Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円711 Mil. Hence, ASNOVA Co's Days Payable for the three months ended in Dec. 2023 was 59.98.

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

TSE:9223' s Days Payable Range Over the Past 10 Years
Min: 2.68 Med: 5.28 Max: 39.65
Current: 39.65

During the past 4 years, ASNOVA Co's highest Days Payable was 39.65. The lowest was 2.68. And the median was 5.28.

TSE:9223's Days Payable is ranked worse than
56.94% of 929 companies
in the Business Services industry
Industry Median: 46.74 vs TSE:9223: 39.65

ASNOVA Co's Days Payable increased from Dec. 2022 (32.02) to Dec. 2023 (59.98). It may suggest that ASNOVA Co delayed paying its suppliers.

ASNOVA Co Days Payable Historical Data

The historical data trend for ASNOVA 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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ASNOVA Co Days Payable Chart

ASNOVA Co Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

3.80

2.68

6.75

13.96

ASNOVA Co Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial						32.02	11.10	32.12	77.32	59.98

Competitive Comparison of ASNOVA Co's Days Payable

For the Rental & Leasing Services subindustry, ASNOVA 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.

ASNOVA Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ASNOVA Co's Days Payable distribution charts can be found below:

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

ASNOVA 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.

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

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (61.926	+	116.681)	/	2 )	/	2335.099	*	365
=	89.3035					/	2335.099	*	365
=	13.96

ASNOVA 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
=	( (799.326	+	135.698)	/	2 )	/	711.286	*	365 / 4
=	467.512					/	711.286	*	365 / 4
=	59.98

ASNOVA Co Days Payable Related Terms

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ASNOVA Co (TSE:9223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ASNOVA Co Ltd (TSE:9223) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-60 Hiraike-cho, 12 Global Gate 26th Floor, Nakamura-ku, Aichi, Nagoya-shi, JPN, 453-6126

Website

https://www.asnova.co.jp

ASNOVA Co Ltd is engaged in the scaffolding rental related business.

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