Olba Healthcare Holdings (TSE:2689) Days Payable : 63.66 (As of Dec. 2023)

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What is Olba Healthcare Holdings Days Payable?

Olba Healthcare Holdings's average Accounts Payable for the three months ended in Dec. 2023 was 円18,551 Mil. Olba Healthcare Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円26,592 Mil. Hence, Olba Healthcare Holdings's Days Payable for the three months ended in Dec. 2023 was 63.66.

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

TSE:2689' s Days Payable Range Over the Past 10 Years
Min: 57.75 Med: 64.38 Max: 86.65
Current: 67.28

During the past 13 years, Olba Healthcare Holdings's highest Days Payable was 86.65. The lowest was 57.75. And the median was 64.38.

TSE:2689's Days Payable is ranked worse than
60.22% of 93 companies
in the Medical Distribution industry
Industry Median: 73.55 vs TSE:2689: 67.28

Olba Healthcare Holdings's Days Payable declined from Dec. 2022 (67.26) to Dec. 2023 (63.66). It may suggest that Olba Healthcare Holdings accelerated paying its suppliers.

Olba Healthcare Holdings Days Payable Historical Data

The historical data trend for Olba Healthcare Holdings'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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Olba Healthcare Holdings Days Payable Chart

Olba Healthcare Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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61.73

57.75

61.79

65.91

67.50

Olba Healthcare Holdings 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															67.26	67.57	70.97	66.67	63.66

Competitive Comparison of Olba Healthcare Holdings's Days Payable

For the Medical Distribution subindustry, Olba Healthcare Holdings'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.

Olba Healthcare Holdings's Days Payable Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Olba Healthcare Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Olba Healthcare Holdings's Days Payable falls into.

Olba Healthcare Holdings 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.

Olba Healthcare Holdings'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
=	( (18170.804	+	17898.649)	/	2 )	/	97518.1	*	365
=	18034.7265					/	97518.1	*	365
=	67.50

Olba Healthcare Holdings'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
=	( (17818.642	+	19284.026)	/	2 )	/	26591.883	*	365 / 4
=	18551.334					/	26591.883	*	365 / 4
=	63.66

Olba Healthcare Holdings Days Payable Related Terms

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Olba Healthcare Holdings (TSE:2689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Olba Healthcare Holdings Inc (TSE:2689) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Building, 1-1-3 Shimoishii, 8th Floor, Nippon Life Okayama, Kita-ku, Okayama Prefecture, Okayama, JPN, 700-0907

Website

https://www.olba.co.jp

Olba Healthcare Holdings Inc is a Japan-based holding company that engages in the wholesale distribution of medical diagnostic equipment and medical materials. It operates through the following business divisions: Medical Equipment, Supply, Processing, and Distribution (SPD), and Nursing Care Products.

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