ESCON Japan REIT Investment (TSE:2971) Days Payable : 29.88 (As of Jul. 2023)

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What is ESCON Japan REIT Investment Days Payable?

ESCON Japan REIT Investment's average Accounts Payable for the six months ended in Jul. 2023 was 円169 Mil. ESCON Japan REIT Investment's Cost of Goods Sold for the six months ended in Jul. 2023 was 円1,035 Mil. Hence, ESCON Japan REIT Investment's Days Payable for the six months ended in Jul. 2023 was 29.88.

The historical rank and industry rank for ESCON Japan REIT Investment's Days Payable or its related term are showing as below:

TSE:2971' s Days Payable Range Over the Past 10 Years
Min: 26.67 Med: 29.7 Max: 49.98
Current: 47.91

During the past 4 years, ESCON Japan REIT Investment's highest Days Payable was 49.98. The lowest was 26.67. And the median was 29.70.

TSE:2971's Days Payable is ranked worse than
75.67% of 526 companies
in the REITs industry
Industry Median: 128.68 vs TSE:2971: 47.91

ESCON Japan REIT Investment's Days Payable declined from Jul. 2022 (43.60) to Jul. 2023 (29.88). It may suggest that ESCON Japan REIT Investment accelerated paying its suppliers.

ESCON Japan REIT Investment Days Payable Historical Data

The historical data trend for ESCON Japan REIT Investment'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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ESCON Japan REIT Investment Days Payable Chart

ESCON Japan REIT Investment Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Days Payable

31.79

27.61

26.67

49.98

ESCON Japan REIT Investment Semi-Annual Data
	Oct17	Apr18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Days Payable	Get a 7-Day Free Trial								20.06	43.60	54.73	29.88	38.40

Competitive Comparison of ESCON Japan REIT Investment's Days Payable

For the REIT - Retail subindustry, ESCON Japan REIT Investment'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.

ESCON Japan REIT Investment's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, ESCON Japan REIT Investment's Days Payable distribution charts can be found below:

* The bar in red indicates where ESCON Japan REIT Investment's Days Payable falls into.

ESCON Japan REIT Investment 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.

ESCON Japan REIT Investment's Days Payable for the fiscal year that ended in Jul. 2022 is calculated as

	Days Payable (A: Jul. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2021 )	+	Accounts Payable (A: Jul. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2022 )	*	Days in Period
=	( (81.951	+	441.832)	/	2 )	/	1912.535	*	365
=	261.8915					/	1912.535	*	365
=	49.98

ESCON Japan REIT Investment'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
=	( (139.448	+	199.417)	/	2 )	/	1034.941	*	365 / 2
=	169.4325					/	1034.941	*	365 / 2
=	29.88

ESCON Japan REIT Investment Days Payable Related Terms

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ESCON Japan REIT Investment (TSE:2971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ESCON Japan REIT Investment Corp (TSE:2971) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Try Edge Ochanomizu Building, 12th Floor, 4-2-5 kandasurugadai, Chiyoda-ku, Tokyo, JPN, 101-0062

Website

https://www.esconam.jp

ESCON Japan REIT Investment Corp is a Japanese real estate investment trust which invests in commercial properties. Its main investment is leasehold land properties known as "sokochi," with stable, high-quality commercial facilities occupying the site.

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