Cosmos Initia Co (TSE:8844) Days Payable : 14.20 (As of Dec. 2023)

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What is Cosmos Initia Co Days Payable?

Cosmos Initia Co's average Accounts Payable for the three months ended in Dec. 2023 was 円3,199 Mil. Cosmos Initia Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円20,553 Mil. Hence, Cosmos Initia Co's Days Payable for the three months ended in Dec. 2023 was 14.20.

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

TSE:8844' s Days Payable Range Over the Past 10 Years
Min: 14.23 Med: 27.58 Max: 47.44
Current: 14.23

During the past 13 years, Cosmos Initia Co's highest Days Payable was 47.44. The lowest was 14.23. And the median was 27.58.

TSE:8844's Days Payable is ranked worse than
90.7% of 1580 companies
in the Real Estate industry
Industry Median: 98.245 vs TSE:8844: 14.23

Cosmos Initia Co's Days Payable declined from Dec. 2022 (23.45) to Dec. 2023 (14.20). It may suggest that Cosmos Initia Co accelerated paying its suppliers.

Cosmos Initia Co Days Payable Historical Data

The historical data trend for Cosmos Initia 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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Cosmos Initia Co Days Payable Chart

Cosmos Initia Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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24.86

24.99

34.99

30.47

21.14

Cosmos Initia 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															23.45	10.64	32.26	13.14	14.20

Competitive Comparison of Cosmos Initia Co's Days Payable

For the Real Estate Services subindustry, Cosmos Initia 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.

Cosmos Initia Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cosmos Initia Co's Days Payable distribution charts can be found below:

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

Cosmos Initia 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.

Cosmos Initia 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
=	( (4879	+	7081)	/	2 )	/	103250	*	365
=	5980					/	103250	*	365
=	21.14

Cosmos Initia 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
=	( (3710	+	2687)	/	2 )	/	20553	*	365 / 4
=	3198.5					/	20553	*	365 / 4
=	14.20

Cosmos Initia Co Days Payable Related Terms

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Cosmos Initia Co (TSE:8844) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cosmos Initia Co Ltd (TSE:8844) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shintamachi Building Shiba 5-34-6, Minato-ku, Tokyo, JPN, 108-8416

Website

http://www.cigr.co.jp

Cosmos Initia Co Ltd is a real estate company. It is engaged in the construction, leasing, inter-mediation, and sale of real estates. The company also offers real estate rental and real estate brokerage.

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