CSS HOLDINGS (TSE:2304) Days Payable : 15.26 (As of Mar. 2024)

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What is CSS HOLDINGS Days Payable?

CSS HOLDINGS's average Accounts Payable for the three months ended in Mar. 2024 was 円669 Mil. CSS HOLDINGS's Cost of Goods Sold for the three months ended in Mar. 2024 was 円4,002 Mil. Hence, CSS HOLDINGS's Days Payable for the three months ended in Mar. 2024 was 15.26.

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

TSE:2304' s Days Payable Range Over the Past 10 Years
Min: 13.65 Med: 15.67 Max: 18.16
Current: 16.45

During the past 13 years, CSS HOLDINGS's highest Days Payable was 18.16. The lowest was 13.65. And the median was 15.67.

TSE:2304's Days Payable is ranked worse than
83.77% of 924 companies
in the Business Services industry
Industry Median: 47.92 vs TSE:2304: 16.45

CSS HOLDINGS's Days Payable declined from Mar. 2023 (18.15) to Mar. 2024 (15.26). It may suggest that CSS HOLDINGS accelerated paying its suppliers.

CSS HOLDINGS Days Payable Historical Data

The historical data trend for CSS HOLDINGS'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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CSS HOLDINGS Days Payable Chart

CSS HOLDINGS Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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13.65

14.86

17.08

15.73

14.25

CSS HOLDINGS 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															18.15	19.26	12.97	14.23	15.26

Competitive Comparison of CSS HOLDINGS's Days Payable

For the Specialty Business Services subindustry, CSS HOLDINGS'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.

CSS HOLDINGS's Days Payable Distribution in the Business Services Industry

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

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

CSS HOLDINGS 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.

CSS HOLDINGS'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
=	( (429.827	+	538.792)	/	2 )	/	12408.231	*	365
=	484.3095					/	12408.231	*	365
=	14.25

CSS HOLDINGS'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
=	( (564.062	+	774.934)	/	2 )	/	4002.308	*	365 / 4
=	669.498					/	4002.308	*	365 / 4
=	15.26

CSS HOLDINGS Days Payable Related Terms

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CSS HOLDINGS (TSE:2304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CSS HOLDINGS Ltd (TSE:2304) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, No. 1,Nihonbashi, Chuo-ku, Kodenmacho, Tokyo, JPN, 103-0001

Website

http://www.css-holdings.jp

CSS HOLDINGS, LTD. is a holding company engaged in the operation and management of its group companies. It operates Steward Business; dishwashing and management work centered on hotels and restaurants, Food Business; which handles employee cafeteria and restaurant management contracts through its subsidiaries, Space Produce Business; designs, constructs, manages, and sells items related to video, audio, broadcasting and security, and Others includes general affairs, personnel, and management related business.

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