Caster Co (TSE:9331) Days Payable : 5.66 (As of Aug. 2023)

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What is Caster Co Days Payable?

Caster Co's average Accounts Payable for the six months ended in Aug. 2023 was 円40 Mil. Caster Co's Cost of Goods Sold for the six months ended in Aug. 2023 was 円2,561 Mil. Hence, Caster Co's Days Payable for the six months ended in Aug. 2023 was 2.83.

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

TSE:9331' s Days Payable Range Over the Past 10 Years
Min: 5.66 Med: 6.32 Max: 8.23
Current: 5.66

During the past 3 years, Caster Co's highest Days Payable was 8.23. The lowest was 5.66. And the median was 6.32.

TSE:9331's Days Payable is ranked worse than
93.51% of 925 companies
in the Business Services industry
Industry Median: 46.77 vs TSE:9331: 5.66

Caster Co's Days Payable declined from Aug. 2021 (8.23) to Aug. 2023 (5.66). It may suggest that Caster Co accelerated paying its suppliers.

Caster Co Days Payable Historical Data

The historical data trend for Caster 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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Caster Co Days Payable Chart

Caster Co Annual Data

Trend

Aug21

Aug22

Aug23

Days Payable

8.23

6.32

5.66

Caster Co Semi-Annual Data
	Aug21	Aug22	Aug23
Days Payable	8.23	6.32	5.66

Competitive Comparison of Caster Co's Days Payable

For the Staffing & Employment Services subindustry, Caster 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.

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

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

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

Caster 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.

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

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (41.534	+	37.899)	/	2 )	/	2560.821	*	365
=	39.7165					/	2560.821	*	365
=	5.66

Caster Co's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2022 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (41.534	+	37.899)	/	2 )	/	2560.821	*	365 / 2
=	39.7165					/	2560.821	*	365 / 2
=	2.83

Caster Co Days Payable Related Terms

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Caster Co (TSE:9331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Caster Co Ltd (TSE:9331) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11365-1 Kanoda, Saito, Miyazaki, JPN, 881-0104

Website

https://caster.co.jp

Caster Co Ltd is engaged in human resource business operation that includes remote assistance. It has a motive to make remote work the norm.

Caster Co (TSE:9331) Headlines

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