Frontier (FSE:4250) Days Payable : 1.55 (As of Feb. 2024)

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What is Frontier Days Payable?

Frontier's average Accounts Payable for the three months ended in Feb. 2024 was 円5 Mil. Frontier's Cost of Goods Sold for the three months ended in Feb. 2024 was 円265 Mil. Hence, Frontier's Days Payable for the three months ended in Feb. 2024 was 1.55.

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

FSE:4250' s Days Payable Range Over the Past 10 Years
Min: 1.97 Med: 13.79 Max: 24.61
Current: 2.26

During the past 8 years, Frontier's highest Days Payable was 24.61. The lowest was 1.97. And the median was 13.79.

FSE:4250's Days Payable is ranked worse than
99.28% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs FSE:4250: 2.26

Frontier's Days Payable declined from Feb. 2023 (5.26) to Feb. 2024 (1.55). It may suggest that Frontier accelerated paying its suppliers.

Frontier Days Payable Historical Data

The historical data trend for Frontier'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 Days Payable Chart

Frontier Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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11.66

13.15

18.59

11.65

1.97

Frontier Quarterly Data
	Nov16	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															5.26	3.86	2.75	1.37	1.55

Competitive Comparison of Frontier's Days Payable

For the Auto Parts subindustry, Frontier'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's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Frontier's Days Payable distribution charts can be found below:

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

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

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (11.74	+	3.888)	/	2 )	/	1449.933	*	365
=	7.814					/	1449.933	*	365
=	1.97

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

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (3.888	+	5.127)	/	2 )	/	265.393	*	365 / 4
=	4.5075					/	265.393	*	365 / 4
=	1.55

Frontier Days Payable Related Terms

Thank you for viewing the detailed overview of Frontier's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Frontier (FSE:4250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Frontier Inc (FSE:4250) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

134-5 Kushigahama, Yamaguchi-ken, Shunan, JPN, 745-0805

Website

http://www.all-frontier.com

Frontier Inc is engaged in manufacturing of vehicle accessories like side visor, car mat.

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