MIRAI (TSE:3476) Days Payable : 46.83 (As of Apr. 2023)

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What is MIRAI Days Payable?

MIRAI's average Accounts Payable for the six months ended in Apr. 2023 was 円745 Mil. MIRAI's Cost of Goods Sold for the six months ended in Apr. 2023 was 円2,902 Mil. Hence, MIRAI's Days Payable for the six months ended in Apr. 2023 was 46.83.

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

TSE:3476' s Days Payable Range Over the Past 10 Years
Min: 35.02 Med: 49.15 Max: 63.65
Current: 44.42

During the past 7 years, MIRAI's highest Days Payable was 63.65. The lowest was 35.02. And the median was 49.15.

TSE:3476's Days Payable is ranked worse than
77.78% of 522 companies
in the REITs industry
Industry Median: 128.505 vs TSE:3476: 44.42

MIRAI's Days Payable increased from Apr. 2022 (41.21) to Apr. 2023 (46.83). It may suggest that MIRAI delayed paying its suppliers.

MIRAI Days Payable Historical Data

The historical data trend for MIRAI'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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MIRAI Days Payable Chart

MIRAI Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Days Payable

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40.88

35.02

50.81

55.83

47.48

MIRAI Semi-Annual Data
	May16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Days Payable	Get a 7-Day Free Trial									64.34	50.39	41.21	43.48	46.83

Competitive Comparison of MIRAI's Days Payable

For the REIT - Diversified subindustry, MIRAI'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.

MIRAI's Days Payable Distribution in the REITs Industry

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

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

MIRAI 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.

MIRAI's Days Payable for the fiscal year that ended in Oct. 2022 is calculated as

	Days Payable (A: Oct. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2021 )	+	Accounts Payable (A: Oct. 2022 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2022 )	*	Days in Period
=	( (514.683	+	707.31)	/	2 )	/	4697.143	*	365
=	610.9965					/	4697.143	*	365
=	47.48

MIRAI's Days Payable for the quarter that ended in Apr. 2023 is calculated as:

	Days Payable (Q: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2022 )	+	Accounts Payable (Q: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2023 )	*	Days in Period
=	( (707.31	+	781.916)	/	2 )	/	2901.732	*	365 / 2
=	744.613					/	2901.732	*	365 / 2
=	46.83

MIRAI Days Payable Related Terms

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MIRAI (TSE:3476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MIRAI Corp (TSE:3476) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, No. 1, Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065

Website

http://www.3476.jp

MIRAI Corp is a Japanese real estate investment trust. The company invests in diversified portfolio of real estate properties including office buildings, retail properties and hotel.

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