Horai Co (TSE:9679) Days Payable : 10.35 (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

What is Horai Co Days Payable?

Horai Co's average Accounts Payable for the three months ended in Dec. 2023 was 円115 Mil. Horai Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,014 Mil. Hence, Horai Co's Days Payable for the three months ended in Dec. 2023 was 10.35.

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

TSE:9679' s Days Payable Range Over the Past 10 Years
Min: 6.52 Med: 7.18 Max: 10.29
Current: 10.04

During the past 13 years, Horai Co's highest Days Payable was 10.29. The lowest was 6.52. And the median was 7.18.

TSE:9679's Days Payable is ranked worse than
83.67% of 49 companies
in the Insurance industry
Industry Median: 48.44 vs TSE:9679: 10.04

Horai Co's Days Payable declined from Dec. 2022 (10.81) to Dec. 2023 (10.35). It may suggest that Horai Co accelerated paying its suppliers.

Horai Co Days Payable Historical Data

The historical data trend for Horai 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.

* Premium members only.

Horai Co Days Payable Chart

Horai Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

Get a 7-Day Free Trial

6.74

7.27

7.12

9.08

10.29

Horai Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															10.81	11.27	9.69	8.45	10.35

Competitive Comparison of Horai Co's Days Payable

For the Insurance - Diversified subindustry, Horai 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.

Horai Co's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Horai Co's Days Payable distribution charts can be found below:

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

Horai 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.

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

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (114.231	+	109.505)	/	2 )	/	3968.37	*	365
=	111.868					/	3968.37	*	365
=	10.29

Horai 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
=	( (109.505	+	120.497)	/	2 )	/	1014.38	*	365 / 4
=	115.001					/	1014.38	*	365 / 4
=	10.35

Horai Co Days Payable Related Terms

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

Horai Co (TSE:9679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Horai Co Ltd (TSE:9679) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 14, Number 5, Ginza, Chuo-ku, Tokyo, JPN, 104-0061

Website

http://www.horai-kk.co.jp

Horai Co Ltd is engaged in the life insurance business, leasing and management of buildings and real estate, manufacture and sale of milk and dairy products, breeding, milking, and fed production of dairy cattle, and management of restaurants and tourist facilities.

Horai Co (TSE:9679) Headlines

No Headlines