Synchro Food Co (TSE:3963) Days Payable : 14.64 (As of Dec. 2023)

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What is Synchro Food Co Days Payable?

Synchro Food Co's average Accounts Payable for the three months ended in Dec. 2023 was 円23 Mil. Synchro Food Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円144 Mil. Hence, Synchro Food Co's Days Payable for the three months ended in Dec. 2023 was 14.64.

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

TSE:3963' s Days Payable Range Over the Past 10 Years
Min: 6.36 Med: 19.27 Max: 65.42
Current: 17.94

During the past 8 years, Synchro Food Co's highest Days Payable was 65.42. The lowest was 6.36. And the median was 19.27.

TSE:3963's Days Payable is ranked worse than
81.26% of 923 companies
in the Business Services industry
Industry Median: 47.39 vs TSE:3963: 17.94

Synchro Food Co's Days Payable declined from Dec. 2022 (16.19) to Dec. 2023 (14.64). It may suggest that Synchro Food Co accelerated paying its suppliers.

Synchro Food Co Days Payable Historical Data

The historical data trend for Synchro Food 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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Synchro Food Co Days Payable Chart

Synchro Food Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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8.76

6.36

6.92

11.80

26.73

Synchro Food Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															16.19	21.70	22.44	19.17	14.64

Competitive Comparison of Synchro Food Co's Days Payable

For the Specialty Business Services subindustry, Synchro Food 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.

Synchro Food Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Synchro Food Co's Days Payable distribution charts can be found below:

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

Synchro Food 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.

Synchro Food Co's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (12.734	+	43.969)	/	2 )	/	387.12	*	365
=	28.3515					/	387.12	*	365
=	26.73

Synchro Food Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (27.213	+	18.95)	/	2 )	/	143.847	*	365 / 4
=	23.0815					/	143.847	*	365 / 4
=	14.64

Synchro Food Co Days Payable Related Terms

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Synchro Food Co (TSE:3963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Synchro Food Co Ltd (TSE:3963) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7th Floor, SouthOne Building, 1-7-8, Ebisu Minami, Shibuya-ku, Tokyo, JPN, 150-0022

Website

http://www.synchro-food.co.jp

Synchro Food Co Ltd provides services and information to help restaurant owners. It offers equipment, furniture, restaurant related job information website, matching restaurant owners with interior designer and restaurant opening information website.

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