GFA Co (TSE:8783) Days Payable : 32.44 (As of Dec. 2023)

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What is GFA Co Days Payable?

GFA Co's average Accounts Payable for the three months ended in Dec. 2023 was 円203 Mil. GFA Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円570 Mil. Hence, GFA Co's Days Payable for the three months ended in Dec. 2023 was 32.44.

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

TSE:8783' s Days Payable Range Over the Past 10 Years
Min: 2.94 Med: 9.96 Max: 89.3
Current: 29.95

During the past 13 years, GFA Co's highest Days Payable was 89.30. The lowest was 2.94. And the median was 9.96.

TSE:8783's Days Payable is ranked worse than
75.11% of 470 companies
in the Asset Management industry
Industry Median: 70.455 vs TSE:8783: 29.95

GFA Co's Days Payable declined from Dec. 2022 (44.11) to Dec. 2023 (32.44). It may suggest that GFA Co accelerated paying its suppliers.

GFA Co Days Payable Historical Data

The historical data trend for GFA 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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GFA Co Days Payable Chart

GFA Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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9.96

5.16

5.19

24.12

27.83

GFA Co 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															44.11	23.39	33.15	32.25	32.44

Competitive Comparison of GFA Co's Days Payable

For the Asset Management subindustry, GFA 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.

GFA Co's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GFA Co's Days Payable distribution charts can be found below:

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

GFA 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.

GFA Co's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (41.122	+	171.696)	/	2 )	/	1395.47	*	365
=	106.409					/	1395.47	*	365
=	27.83

GFA Co'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
=	( (191.648	+	213.494)	/	2 )	/	569.785	*	365 / 4
=	202.571					/	569.785	*	365 / 4
=	32.44

GFA Co Days Payable Related Terms

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GFA Co (TSE:8783) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GFA Co Ltd (TSE:8783) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wing Aoyama BIZ + 2-15, Minami Aoyama Minato-ku, Tokyo, JPN, 107-0062

Website

http://www.gfa.co.jp/

GFA Co Ltd is a Japanese company that operates as an asset management company. The business of the company includes financial advisory services, real estate investment and loan business, and other investment and financing business.

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