Wedge Holdings Co (TSE:2388) Days Payable : 21.44 (As of Mar. 2024)

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What is Wedge Holdings Co Days Payable?

Wedge Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was 円27.4 Mil. Wedge Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円116.8 Mil. Hence, Wedge Holdings Co's Days Payable for the three months ended in Mar. 2024 was 21.44.

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

TSE:2388' s Days Payable Range Over the Past 10 Years
Min: 12.09 Med: 18.35 Max: 27.73
Current: 20.86

During the past 13 years, Wedge Holdings Co's highest Days Payable was 27.73. The lowest was 12.09. And the median was 18.35.

TSE:2388's Days Payable is ranked worse than
90.3% of 474 companies
in the Conglomerates industry
Industry Median: 59.465 vs TSE:2388: 20.86

Wedge Holdings Co's Days Payable declined from Mar. 2023 (22.33) to Mar. 2024 (21.44). It may suggest that Wedge Holdings Co accelerated paying its suppliers.

Wedge Holdings Co Days Payable Historical Data

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

Wedge Holdings Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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15.99

12.09

14.06

21.44

21.53

Wedge 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															22.33	21.72	18.19	22.60	21.44

Competitive Comparison of Wedge Holdings Co's Days Payable

For the Conglomerates subindustry, Wedge 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.

Wedge Holdings Co's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Wedge Holdings Co's Days Payable distribution charts can be found below:

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

Wedge 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.

Wedge 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
=	( (27.939	+	28.095)	/	2 )	/	474.945	*	365
=	28.017					/	474.945	*	365
=	21.53

Wedge 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
=	( (26.752	+	28.108)	/	2 )	/	116.768	*	365 / 4
=	27.43					/	116.768	*	365 / 4
=	21.44

Wedge Holdings Co Days Payable Related Terms

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Wedge Holdings Co (TSE:2388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wedge Holdings Co Ltd (TSE:2388) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-4, Nihonbashi Hon-cho, Chuo-ku, Hulic Nihonbashihoncho 1-chome Building. 8th floor, Tokyo, JPN, 103-0023

Website

http://www.wedge-hd.com

Wedge Holdings Co Ltd through its subsidiaries is engaged in two core businesses which are Finance business and Contents business. Contents business includes publishing, games, music and related media through multiple business units. It also produces audio & visual contents as well as DVD and related character products. Digital Finance business composed of motorcycle leasing activities.

Wedge Holdings Co (TSE:2388) Headlines

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