Frontier Management (TSE:7038) Days Payable : 9.54 (As of Mar. 2024)

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What is Frontier Management Days Payable?

Frontier Management's average Accounts Payable for the three months ended in Mar. 2024 was 円108 Mil. Frontier Management's Cost of Goods Sold for the three months ended in Mar. 2024 was 円1,032 Mil. Hence, Frontier Management's Days Payable for the three months ended in Mar. 2024 was 9.54.

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

TSE:7038' s Days Payable Range Over the Past 10 Years
Min: 3.22 Med: 7.96 Max: 28.68
Current: 9.09

During the past 8 years, Frontier Management's highest Days Payable was 28.68. The lowest was 3.22. And the median was 7.96.

TSE:7038's Days Payable is ranked worse than
90.58% of 924 companies
in the Business Services industry
Industry Median: 47.74 vs TSE:7038: 9.09

Frontier Management's Days Payable increased from Mar. 2023 (9.11) to Mar. 2024 (9.54). It may suggest that Frontier Management delayed paying its suppliers.

Frontier Management Days Payable Historical Data

The historical data trend for Frontier Management'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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Frontier Management Days Payable Chart

Frontier Management Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.83

6.83

8.51

6.58

7.41

Frontier Management Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															9.11	10.21	7.61	8.07	9.54

Competitive Comparison of Frontier Management's Days Payable

For the Specialty Business Services subindustry, Frontier Management'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.

Frontier Management's Days Payable Distribution in the Business Services Industry

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

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

Frontier Management 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.

Frontier Management's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (71.03	+	111.549)	/	2 )	/	4497.698	*	365
=	91.2895					/	4497.698	*	365
=	7.41

Frontier Management's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (111.549	+	104.3)	/	2 )	/	1032.399	*	365 / 4
=	107.9245					/	1032.399	*	365 / 4
=	9.54

Frontier Management Days Payable Related Terms

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Frontier Management (TSE:7038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Frontier Management Inc (TSE:7038) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-2-11 Kuzute north, Chiyoda-ku, Sumitomo Realty Kuzute North Building, Tokyo, JPN, 102-0073

Website

http://www.frontier-mgmt.com

Frontier Management Inc is a Japan-based company providing management consulting, merger and acquisition advisory, management execution support, business revitalization support services. It also offers overseas business support and packaging services.

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