Gakken Holdings Co (TSE:9470) Days Payable : 20.61 (As of Mar. 2024)

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What is Gakken Holdings Co Days Payable?

Gakken Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was 円7,978 Mil. Gakken Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円35,321 Mil. Hence, Gakken Holdings Co's Days Payable for the three months ended in Mar. 2024 was 20.61.

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

TSE:9470' s Days Payable Range Over the Past 10 Years
Min: 21.66 Med: 30.73 Max: 48.5
Current: 22.68

During the past 13 years, Gakken Holdings Co's highest Days Payable was 48.50. The lowest was 21.66. And the median was 30.73.

TSE:9470's Days Payable is ranked worse than
63.38% of 213 companies
in the Education industry
Industry Median: 37.29 vs TSE:9470: 22.68

Gakken Holdings Co's Days Payable declined from Mar. 2023 (26.84) to Mar. 2024 (20.61). It may suggest that Gakken Holdings Co accelerated paying its suppliers.

Gakken Holdings Co Days Payable Historical Data

The historical data trend for Gakken Holdings 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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Gakken Holdings Co Days Payable Chart

Gakken Holdings Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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24.59

24.87

25.39

24.13

21.66

Gakken Holdings Co 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															26.84	27.06	20.56	20.70	20.61

Competitive Comparison of Gakken Holdings Co's Days Payable

For the Education & Training Services subindustry, Gakken Holdings 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.

Gakken Holdings Co's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Gakken Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Gakken Holdings Co's Days Payable falls into.

Gakken Holdings 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.

Gakken Holdings Co's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (7103	+	6834)	/	2 )	/	117427	*	365
=	6968.5					/	117427	*	365
=	21.66

Gakken Holdings Co'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
=	( (7543	+	8413)	/	2 )	/	35321	*	365 / 4
=	7978					/	35321	*	365 / 4
=	20.61

Gakken Holdings Co Days Payable Related Terms

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Gakken Holdings Co (TSE:9470) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Gakken Holdings Co Ltd (TSE:9470) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11-8 Nishigotanda 2-chome, Shinagawa-ku, Tokyo, JPN, 141-8510

Website

http://www.gakken.co.jp

Gakken Holdings Co Ltd is a Japan-based company offering education and training services. Its business activities include publishing, education, and stationery. Its publishing business includes picture books, illustrated reference books, reading materials, study guides, educational books helpful for business skills, and entertainment magazines. Education business conducts science experiment, math, and intellectual development classroom sessions. Stationery business design, develop and sell stationeries and general merchandises such as fusen (tags), notebook, fun-tape, letters, envelopes, calendars, and lunch boxes. Gakken also develops and operates daycare centers, kindergartens, special services for the elderly, and own-home nursing services.

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