NEXTAGE Co (TSE:3186) Days Payable : 8.76 (As of Feb. 2024)

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What is NEXTAGE Co Days Payable?

NEXTAGE Co's average Accounts Payable for the three months ended in Feb. 2024 was 円9,429 Mil. NEXTAGE Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円98,256 Mil. Hence, NEXTAGE Co's Days Payable for the three months ended in Feb. 2024 was 8.76.

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

TSE:3186' s Days Payable Range Over the Past 10 Years
Min: 6.74 Med: 8.68 Max: 12.56
Current: 7.8

During the past 12 years, NEXTAGE Co's highest Days Payable was 12.56. The lowest was 6.74. And the median was 8.68.

TSE:3186's Days Payable is ranked worse than
97.54% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs TSE:3186: 7.80

NEXTAGE Co's Days Payable increased from Feb. 2023 (6.26) to Feb. 2024 (8.76). It may suggest that NEXTAGE Co delayed paying its suppliers.

NEXTAGE Co Days Payable Historical Data

The historical data trend for NEXTAGE 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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NEXTAGE Co Days Payable Chart

NEXTAGE Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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11.84

12.56

9.19

6.74

6.86

NEXTAGE Co 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															6.26	7.24	7.12	6.83	8.76

Competitive Comparison of NEXTAGE Co's Days Payable

For the Auto & Truck Dealerships subindustry, NEXTAGE 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.

NEXTAGE Co's Days Payable Distribution in the Vehicles & Parts Industry

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

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

NEXTAGE 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.

NEXTAGE Co'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
=	( (7300	+	6848)	/	2 )	/	376637	*	365
=	7074					/	376637	*	365
=	6.86

NEXTAGE Co'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
=	( (6848	+	12009)	/	2 )	/	98256	*	365 / 4
=	9428.5					/	98256	*	365 / 4
=	8.76

NEXTAGE Co Days Payable Related Terms

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NEXTAGE Co (TSE:3186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NEXTAGE Co Ltd (TSE:3186) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

3186:Japan

Address

1-26-8 Aoi Higashi-ku, Aichi Prefecture, Nagoya, JPN, 461-0004

Website

http://www.nextage.jp

NEXTAGE Co Ltd is principally engaged in the dealing of used cars. It is primarily involved in operation, maintenance, insurance agency and automobile dealing of retails used domestic cars as well as sells imported cars and SUV/vans. In addition, the company operates an automobile maintenance business.

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