Tokyu Reit (Tokyu Reit) Days Payable : 47.82 (As of Jul. 2023)

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What is Tokyu Reit Days Payable?

Tokyu Reit's average Accounts Payable for the six months ended in Jul. 2023 was $6.3 Mil. Tokyu Reit's Cost of Goods Sold for the six months ended in Jul. 2023 was $23.9 Mil. Hence, Tokyu Reit's Days Payable for the six months ended in Jul. 2023 was 47.82.

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

TKURF' s Days Payable Range Over the Past 10 Years
Min: 37.87 Med: 44.96 Max: 56.16
Current: 51.05

During the past 13 years, Tokyu Reit's highest Days Payable was 56.16. The lowest was 37.87. And the median was 44.96.

TKURF's Days Payable is ranked worse than
73.24% of 527 companies
in the REITs industry
Industry Median: 126.04 vs TKURF: 51.05

Tokyu Reit's Days Payable declined from Jul. 2022 (59.70) to Jul. 2023 (47.82). It may suggest that Tokyu Reit accelerated paying its suppliers.

Tokyu Reit Days Payable Historical Data

The historical data trend for Tokyu Reit'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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Tokyu Reit Days Payable Chart

Tokyu Reit Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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43.85

44.22

40.00

57.13

57.11

Tokyu Reit Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Days Payable	Get a 7-Day Free Trial															43.88	59.70	55.85	47.82	51.69

Competitive Comparison of Tokyu Reit's Days Payable

For the REIT - Diversified subindustry, Tokyu Reit'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.

Tokyu Reit's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tokyu Reit's Days Payable distribution charts can be found below:

* The bar in red indicates where Tokyu Reit's Days Payable falls into.

Tokyu Reit 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.

Tokyu Reit's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (7.873	+	6.288)	/	2 )	/	45.254	*	365
=	7.0805					/	45.254	*	365
=	57.11

Tokyu Reit's Days Payable for the quarter that ended in Jul. 2023 is calculated as:

	Days Payable (Q: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2023 )	+	Accounts Payable (Q: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
=	( (6.241	+	6.288)	/	2 )	/	23.91	*	365 / 2
=	6.2645					/	23.91	*	365 / 2
=	47.82

Tokyu Reit Days Payable Related Terms

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Tokyu Reit (Tokyu Reit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokyu Reit Inc (OTCPK:TKURF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8957:Japan

Address

1-12-1, Dogenzaka, Tokyo, JPN

Website

http://www.tokyu-reit.co.jp

Tokyu Reit Inc is a Japanese real estate company. It is engaged in asset investment and management based on principles of growth, stability, and transparency. The company invests predominantly in retail and office properties located in Chiyoda, Chuo, Minato, Shinjuku and Shibuya wards. It also conducts replacement of properties and other measures as needed in order to maintain and improve the portfolio quality, aiming to enhance its asset value and increase net income per unit.

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