Asahi Co (TSE:3333) Days Payable : 40.77 (As of Feb. 2024)

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What is Asahi Co Days Payable?

Asahi Co's average Accounts Payable for the three months ended in Feb. 2024 was 円3,758 Mil. Asahi Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円8,411 Mil. Hence, Asahi Co's Days Payable for the three months ended in Feb. 2024 was 40.77.

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

TSE:3333' s Days Payable Range Over the Past 10 Years
Min: 36.43 Med: 42.31 Max: 46.63
Current: 36.43

During the past 13 years, Asahi Co's highest Days Payable was 46.63. The lowest was 36.43. And the median was 42.31.

TSE:3333's Days Payable is ranked worse than
68.83% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs TSE:3333: 36.43

Asahi Co's Days Payable declined from Feb. 2023 (55.52) to Feb. 2024 (40.77). It may suggest that Asahi Co accelerated paying its suppliers.

Asahi Co Days Payable Historical Data

The historical data trend for Asahi 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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Asahi Co Days Payable Chart

Asahi Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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39.08

42.32

45.50

46.63

42.29

Asahi 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															55.52	32.55	38.47	29.92	40.77

Competitive Comparison of Asahi Co's Days Payable

For the Specialty Retail subindustry, Asahi 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.

Asahi Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Asahi Co's Days Payable distribution charts can be found below:

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

Asahi 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.

Asahi Co's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (5176.487	+	4271.138)	/	2 )	/	40771.152	*	365
=	4723.8125					/	40771.152	*	365
=	42.29

Asahi 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
=	( (3244.314	+	4271.138)	/	2 )	/	8410.826	*	365 / 4
=	3757.726					/	8410.826	*	365 / 4
=	40.77

Asahi Co Days Payable Related Terms

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Asahi Co (TSE:3333) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Asahi Co Ltd (TSE:3333) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-11-4 Takakura-cho, Miyakojima-ku, Osaka, JPN

Website

http://www.cb-asahi.jp

Asahi Co Ltd is a Japan based company engages in the sale of bicycles, parts and accessories. It offers a range of bicycle products include ordinary bicycles, sports bicycles, children bicycles, electric bicycles and foldable bicycles.

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