Star Flyer (TSE:9206) Days Payable : 26.09 (As of Dec. 2023)

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What is Star Flyer Days Payable?

Star Flyer's average Accounts Payable for the three months ended in Dec. 2023 was 円2,387 Mil. Star Flyer's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,349 Mil. Hence, Star Flyer's Days Payable for the three months ended in Dec. 2023 was 26.09.

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

TSE:9206' s Days Payable Range Over the Past 10 Years
Min: 21.07 Med: 35.01 Max: 50.4
Current: 24.74

During the past 13 years, Star Flyer's highest Days Payable was 50.40. The lowest was 21.07. And the median was 35.01.

TSE:9206's Days Payable is ranked worse than
73.63% of 929 companies
in the Transportation industry
Industry Median: 38.81 vs TSE:9206: 24.74

Star Flyer's Days Payable declined from Dec. 2022 (27.88) to Dec. 2023 (26.09). It may suggest that Star Flyer accelerated paying its suppliers.

Star Flyer Days Payable Historical Data

The historical data trend for Star Flyer'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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Star Flyer Days Payable Chart

Star Flyer Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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24.18

22.31

35.92

34.09

21.07

Star Flyer 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															27.88	23.68	23.26	28.21	26.09

Competitive Comparison of Star Flyer's Days Payable

For the Airlines subindustry, Star Flyer'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.

Star Flyer's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Star Flyer's Days Payable distribution charts can be found below:

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

Star Flyer 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.

Star Flyer'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
=	( (1454	+	2131)	/	2 )	/	31054	*	365
=	1792.5					/	31054	*	365
=	21.07

Star Flyer'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
=	( (2403	+	2371)	/	2 )	/	8349	*	365 / 4
=	2387					/	8349	*	365 / 4
=	26.09

Star Flyer Days Payable Related Terms

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Star Flyer (TSE:9206) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Star Flyer Inc (TSE:9206) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

6th Kitakyushu Airport, Kokura Minami-ku, Star Flyer Head Office Building, Fukuoka Prefecture, Kitakyushu-shi, JPN, 800-0306

Website

http://www.starflyer.jp

Star Flyer Inc. operates as an airline carrier in the aviation industry. The company provides air transportation services for passengers, baggage, and cargo. Star Flyer also offers shuttle services between key Japanese cities.

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