Gourmet Kineya Co (TSE:9850) Days Payable : 16.66 (As of Dec. 2023)

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What is Gourmet Kineya Co Days Payable?

Gourmet Kineya Co's average Accounts Payable for the three months ended in Dec. 2023 was 円1,325 Mil. Gourmet Kineya Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円7,257 Mil. Hence, Gourmet Kineya Co's Days Payable for the three months ended in Dec. 2023 was 16.66.

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

TSE:9850' s Days Payable Range Over the Past 10 Years
Min: 14.06 Med: 18.04 Max: 22.17
Current: 20.16

During the past 13 years, Gourmet Kineya Co's highest Days Payable was 22.17. The lowest was 14.06. And the median was 18.04.

TSE:9850's Days Payable is ranked worse than
84.71% of 340 companies
in the Restaurants industry
Industry Median: 38.115 vs TSE:9850: 20.16

Gourmet Kineya Co's Days Payable increased from Dec. 2022 (15.16) to Dec. 2023 (16.66). It may suggest that Gourmet Kineya Co delayed paying its suppliers.

Gourmet Kineya Co Days Payable Historical Data

The historical data trend for Gourmet Kineya 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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Gourmet Kineya Co Days Payable Chart

Gourmet Kineya Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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17.71

14.06

17.36

17.39

18.05

Gourmet Kineya 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															15.16	23.39	20.34	19.89	16.66

Competitive Comparison of Gourmet Kineya Co's Days Payable

For the Restaurants subindustry, Gourmet Kineya 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.

Gourmet Kineya Co's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Gourmet Kineya Co's Days Payable distribution charts can be found below:

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

Gourmet Kineya 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.

Gourmet Kineya 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
=	( (748.645	+	1137.694)	/	2 )	/	19072.913	*	365
=	943.1695					/	19072.913	*	365
=	18.05

Gourmet Kineya 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
=	( (1164.257	+	1485.171)	/	2 )	/	7257.097	*	365 / 4
=	1324.714					/	7257.097	*	365 / 4
=	16.66

Gourmet Kineya Co Days Payable Related Terms

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Gourmet Kineya Co (TSE:9850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Gourmet Kineya Co Ltd (TSE:9850) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4, No. 7, No. 3-chome, Osaka, JPN

Website

http://www.gourmet-kineya.co.jp

Gourmet Kineya Co Ltd engages in the management of restaurants. The firm operates a chain of stores serving udon, soba, sushi, and western-style cuisine and ethnic-themed restaurants. It is also engaged in offering in-flight catering and food services. In addition, the company is involved in the production, processing, and sale of frozen food; general property leasing services; railway and passenger transportation services; sale of Japanese rice and seafood products; customs clearance and bonded storage business.

Gourmet Kineya Co (TSE:9850) Headlines

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