Cross Plus (TSE:3320) Days Payable : 28.60 (As of Jan. 2024)

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What is Cross Plus Days Payable?

Cross Plus's average Accounts Payable for the three months ended in Jan. 2024 was 円3,441 Mil. Cross Plus's Cost of Goods Sold for the three months ended in Jan. 2024 was 円10,979 Mil. Hence, Cross Plus's Days Payable for the three months ended in Jan. 2024 was 28.60.

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

TSE:3320' s Days Payable Range Over the Past 10 Years
Min: 24.47 Med: 30.85 Max: 92.63
Current: 28.36

During the past 13 years, Cross Plus's highest Days Payable was 92.63. The lowest was 24.47. And the median was 30.85.

TSE:3320's Days Payable is ranked worse than
77.1% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs TSE:3320: 28.36

Cross Plus's Days Payable declined from Jan. 2023 (32.64) to Jan. 2024 (28.60). It may suggest that Cross Plus accelerated paying its suppliers.

Cross Plus Days Payable Historical Data

The historical data trend for Cross Plus'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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Cross Plus Days Payable Chart

Cross Plus Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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31.13

26.46

24.47

26.86

26.80

Cross Plus Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															32.64	30.57	33.08	24.32	28.60

Competitive Comparison of Cross Plus's Days Payable

For the Apparel Manufacturing subindustry, Cross Plus'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.

Cross Plus's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cross Plus's Days Payable distribution charts can be found below:

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

Cross Plus 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.

Cross Plus's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (3470	+	2926)	/	2 )	/	43558	*	365
=	3198					/	43558	*	365
=	26.80

Cross Plus's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (3956	+	2926)	/	2 )	/	10979	*	365 / 4
=	3441					/	10979	*	365 / 4
=	28.60

Cross Plus Days Payable Related Terms

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Cross Plus (TSE:3320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cross Plus Inc (TSE:3320) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-9-13, Hananoki, Nishiku, Nagoya, JPN, 451-8560

Website

http://www.crossplus.co.jp

Cross Plus Inc is an apparel manufacturing company based in Japan. It is engaged in the planning, manufacturing and selling of women's apparel, clothing accessories and operating SPA. The company primarily serves widespread business partners such as mass merchandising stores, speciality shop and department stores nationwide.

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