Azearth (TSE:3161) Days Payable : 41.86 (As of Jan. 2024)

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What is Azearth Days Payable?

Azearth's average Accounts Payable for the three months ended in Jan. 2024 was 円716 Mil. Azearth's Cost of Goods Sold for the three months ended in Jan. 2024 was 円1,562 Mil. Hence, Azearth's Days Payable for the three months ended in Jan. 2024 was 41.86.

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

TSE:3161' s Days Payable Range Over the Past 10 Years
Min: 1.74 Med: 50.38 Max: 60.47
Current: 45.35

During the past 13 years, Azearth's highest Days Payable was 60.47. The lowest was 1.74. And the median was 50.38.

TSE:3161's Days Payable is ranked worse than
60.29% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.73 vs TSE:3161: 45.35

Azearth's Days Payable declined from Jan. 2023 (44.60) to Jan. 2024 (41.86). It may suggest that Azearth accelerated paying its suppliers.

Azearth Days Payable Historical Data

The historical data trend for Azearth'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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Azearth Days Payable Chart

Azearth Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

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54.84

52.62

60.15

60.47

48.14

Azearth 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															44.60	48.30	43.58	43.42	41.86

Competitive Comparison of Azearth's Days Payable

For the Textile Manufacturing subindustry, Azearth'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.

Azearth's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azearth's Days Payable distribution charts can be found below:

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

Azearth 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.

Azearth'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
=	( (1056.442	+	823.863)	/	2 )	/	7127.739	*	365
=	940.1525					/	7127.739	*	365
=	48.14

Azearth'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
=	( (705.468	+	727.516)	/	2 )	/	1561.988	*	365 / 4
=	716.492					/	1561.988	*	365 / 4
=	41.86

Azearth Days Payable Related Terms

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Azearth (TSE:3161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Azearth Corp (TSE:3161) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 13, No. 7-chome, Taito-ku, Tokyo, JPN, 111-8623

Website

http://www.azearth.co.jp

Azearth Corp manufactures and sells chemical protective garments and environmental equipment in Japan, China, and South-East Asia. It also provides polystyrene foam for tatami matting and flooring, insulation boards, threads, mat edges, and machines, as well as other types of tatami materials. The company is also engaged in the laying and construction work on the section that lies beneath tatami. Further, it manufactures and sells garment materials, such as inner linings, interlining clothes, pocket clothes, and quarter lining belts; and provides contract cutting manufacturing.

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