Heiwa (TSE:6412) Days Payable : 13.25 (As of Dec. 2023)

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What is Heiwa Days Payable?

Heiwa's average Accounts Payable for the three months ended in Dec. 2023 was 円3,387 Mil. Heiwa's Cost of Goods Sold for the three months ended in Dec. 2023 was 円23,325 Mil. Hence, Heiwa's Days Payable for the three months ended in Dec. 2023 was 13.25.

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

TSE:6412' s Days Payable Range Over the Past 10 Years
Min: 13.06 Med: 18.88 Max: 73.33
Current: 13.06

During the past 13 years, Heiwa's highest Days Payable was 73.33. The lowest was 13.06. And the median was 18.88.

TSE:6412's Days Payable is ranked worse than
90.96% of 752 companies
in the Travel & Leisure industry
Industry Median: 59.645 vs TSE:6412: 13.06

Heiwa's Days Payable increased from Dec. 2022 (11.49) to Dec. 2023 (13.25). It may suggest that Heiwa delayed paying its suppliers.

Heiwa Days Payable Historical Data

The historical data trend for Heiwa'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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Heiwa Days Payable Chart

Heiwa Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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13.12

17.24

20.52

15.85

14.91

Heiwa 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															11.49	14.77	12.41	11.19	13.25

Competitive Comparison of Heiwa's Days Payable

For the Leisure subindustry, Heiwa'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.

Heiwa's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Heiwa's Days Payable distribution charts can be found below:

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

Heiwa 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.

Heiwa'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
=	( (3704	+	3891)	/	2 )	/	92977	*	365
=	3797.5					/	92977	*	365
=	14.91

Heiwa'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
=	( (3042	+	3732)	/	2 )	/	23325	*	365 / 4
=	3387					/	23325	*	365 / 4
=	13.25

Heiwa Days Payable Related Terms

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Heiwa (TSE:6412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Heiwa Corp (TSE:6412) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Chome-16-1 Higashiueno, Taito-ku, Tokyo, JPN, 110-0015

Website

http://www.heiwanet.co.jp

Heiwa Corp is a gambling company involved in the manufacturing and sales of pachinko and pachislot machines. The company operates in two business segments: game machines and golf. The game machine business develops pachinko machines, a gambling device with pinball-like characteristics, which are sold to pachinko parlors throughout Japan. Pachinko parlors allow users to purchase small steel balls, which are utilized in pachinko machines under the objective of winning more balls, which can then be exchanged for prizes. Pachislot machines, which are a similar gambling device with characteristics of pachinko and slot machines, are developed in a similar manner. The company's golf segment operates a number of golf courses. Heiwa generates the vast majority of its revenue in Japan.

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