ITO EN (TSE:2593) Days Payable : 40.32 (As of Jan. 2024)

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What is ITO EN Days Payable?

ITO EN's average Accounts Payable for the three months ended in Jan. 2024 was 円27,913 Mil. ITO EN's Cost of Goods Sold for the three months ended in Jan. 2024 was 円63,176 Mil. Hence, ITO EN's Days Payable for the three months ended in Jan. 2024 was 40.32.

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

TSE:2593' s Days Payable Range Over the Past 10 Years
Min: 38.71 Med: 45.11 Max: 53.68
Current: 38.71

During the past 13 years, ITO EN's highest Days Payable was 53.68. The lowest was 38.71. And the median was 45.11.

TSE:2593's Days Payable is ranked worse than
75% of 108 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 58.55 vs TSE:2593: 38.71

ITO EN's Days Payable declined from Jan. 2023 (41.20) to Jan. 2024 (40.32). It may suggest that ITO EN accelerated paying its suppliers.

ITO EN Days Payable Historical Data

The historical data trend for ITO EN'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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ITO EN Days Payable Chart

ITO EN Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

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41.55

41.24

44.54

45.68

41.37

ITO EN Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															41.20	39.80	40.21	40.68	40.32

Competitive Comparison of ITO EN's Days Payable

For the Beverages - Non-Alcoholic subindustry, ITO EN'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.

ITO EN's Days Payable Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, ITO EN's Days Payable distribution charts can be found below:

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

ITO EN 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.

ITO EN's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (30365	+	29958)	/	2 )	/	266089	*	365
=	30161.5					/	266089	*	365
=	41.37

ITO EN's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (31881	+	23945)	/	2 )	/	63176	*	365 / 4
=	27913					/	63176	*	365 / 4
=	40.32

ITO EN Days Payable Related Terms

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ITO EN (TSE:2593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » ITO EN Ltd (TSE:2593) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ITOEF:USA

Address

47-10, Honmachi 3-chome, Shibuya-ku, Tokyo, JPN, 151-8550

Website

https://www.itoen.co.jp

ITO EN Ltd makes beverages and other tea and nutritional products that it sells in Japan. Ito En primarily sells green tea products, including ready-to-drink beverages, tea bags, and other tea leaf products, under its Oi Ocha brand. Other beverages the company sells include black tea, Chinese tea, coffee, vegetable beverages, fruit beverages, mineral water, and functional beverages. The Leaf- and Drink-Related business segment makes up roughly 90% of the company's total revenue. Most remaining revenue is generated from Ito En's restaurant business, which operates hundreds of Tully's coffee shops in Japan.

ITO EN (TSE:2593) Headlines

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