Open Up Group (TSE:2154) Days Payable : 5.39 (As of Dec. 2023)

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What is Open Up Group Days Payable?

Open Up Group's average Accounts Payable for the three months ended in Dec. 2023 was 円1,947 Mil. Open Up Group's Cost of Goods Sold for the three months ended in Dec. 2023 was 円32,938 Mil. Hence, Open Up Group's Days Payable for the three months ended in Dec. 2023 was 5.39.

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

TSE:2154' s Days Payable Range Over the Past 10 Years
Min: 6.64 Med: 10.5 Max: 13.52
Current: 6.64

During the past 13 years, Open Up Group's highest Days Payable was 13.52. The lowest was 6.64. And the median was 10.50.

TSE:2154's Days Payable is ranked worse than
92.86% of 924 companies
in the Business Services industry
Industry Median: 47.115 vs TSE:2154: 6.64

Open Up Group's Days Payable declined from Dec. 2022 (8.05) to Dec. 2023 (5.39). It may suggest that Open Up Group accelerated paying its suppliers.

Open Up Group Days Payable Historical Data

The historical data trend for Open Up Group'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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Open Up Group Days Payable Chart

Open Up Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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13.52

12.21

8.79

7.52

Open Up Group 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															8.05	8.25	6.49	5.95	5.39

Competitive Comparison of Open Up Group's Days Payable

For the Staffing & Employment Services subindustry, Open Up Group'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.

Open Up Group's Days Payable Distribution in the Business Services Industry

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

* The bar in red indicates where Open Up Group's Days Payable falls into.

Open Up Group 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.

Open Up Group's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (2617	+	2448)	/	2 )	/	122889	*	365
=	2532.5					/	122889	*	365
=	7.52

Open Up Group'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
=	( (1966	+	1928)	/	2 )	/	32938	*	365 / 4
=	1947					/	32938	*	365 / 4
=	5.39

Open Up Group Days Payable Related Terms

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Open Up Group (TSE:2154) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Open Up Group Inc (TSE:2154) » Definitions » Days Payable

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BNXYF:USA

Address

2-14-1 Higashi Shimbashi, NBF Commodio Shiodome, Minato-ku, Tokyo, JPN, 105-0021

Website

https://www.openupgroup.co.jp

Open Up Group Inc provides human resource services and outsourcing or contracting services for manufacturing companies in Japan and overseas. The business segments of the company include: Mechatronics/IT field: it includes workers dispatching, contracting, consignment business such as development design engineers. Construction area segment includes construction management engineer business / CAD operator dispatch business for customers in construction industry. Manufacturing Area segment includes manufacturing site contracting and dispatch business for customers in manufacturing industry Temporary staffing, outsourcing and referral business for technology and manufacturing fields.

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