Aska (NGO:7227) Days Payable : 43.91 (As of Feb. 2024)

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What is Aska Days Payable?

Aska's average Accounts Payable for the three months ended in Feb. 2024 was 円5,354 Mil. Aska's Cost of Goods Sold for the three months ended in Feb. 2024 was 円11,128 Mil. Hence, Aska's Days Payable for the three months ended in Feb. 2024 was 43.91.

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

NGO:7227' s Days Payable Range Over the Past 10 Years
Min: 36.08 Med: 41.88 Max: 71.52
Current: 44.44

During the past 13 years, Aska's highest Days Payable was 71.52. The lowest was 36.08. And the median was 41.88.

NGO:7227's Days Payable is ranked worse than
71.03% of 1260 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs NGO:7227: 44.44

Aska's Days Payable declined from Feb. 2023 (46.92) to Feb. 2024 (43.91). It may suggest that Aska accelerated paying its suppliers.

Aska Days Payable Historical Data

The historical data trend for Aska'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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Aska Days Payable Chart

Aska Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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37.36

45.84

43.49

48.04

45.92

Aska Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															46.92	45.47	48.41	43.74	43.91

Competitive Comparison of Aska's Days Payable

For the Auto Parts subindustry, Aska'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.

Aska's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aska's Days Payable distribution charts can be found below:

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

Aska 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.

Aska's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (4772.602	+	5676.504)	/	2 )	/	41524.946	*	365
=	5224.553					/	41524.946	*	365
=	45.92

Aska's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (5676.504	+	5031.754)	/	2 )	/	11127.7	*	365 / 4
=	5354.129					/	11127.7	*	365 / 4
=	43.91

Aska Days Payable Related Terms

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

Aska (NGO:7227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aska Corp (NGO:7227) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Hibiki- machi Kariyama-machi, Aichi Prefecture, Kariya, JPN, 448 0002

Website

http://www.aska.co.jp

Aska Corp is a Japan based company engaged in automobile parts business, distribution board business and robot system business. In the automotive parts business, the company is engaged in building body parts that form the framework of the car. The distribution board business carried by the company involves designing and manufacturing of control panel, cabinet boxes, OEM product, electric car ordinary charger and press deep drawing products.

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