Japan Real Estate Investment (TSE:8952) Days Payable : 30.83 (As of Sep. 2023)

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What is Japan Real Estate Investment Days Payable?

Japan Real Estate Investment's average Accounts Payable for the six months ended in Sep. 2023 was 円3,117 Mil. Japan Real Estate Investment's Cost of Goods Sold for the six months ended in Sep. 2023 was 円18,447 Mil. Hence, Japan Real Estate Investment's Days Payable for the six months ended in Sep. 2023 was 30.83.

The historical rank and industry rank for Japan Real Estate Investment's Days Payable or its related term are showing as below:

TSE:8952' s Days Payable Range Over the Past 10 Years
Min: 13.28 Med: 16.15 Max: 25.77
Current: 25.77

During the past 13 years, Japan Real Estate Investment's highest Days Payable was 25.77. The lowest was 13.28. And the median was 16.15.

TSE:8952's Days Payable is ranked worse than
86.45% of 524 companies
in the REITs industry
Industry Median: 126.16 vs TSE:8952: 25.77

Japan Real Estate Investment's Days Payable increased from Sep. 2022 (18.15) to Sep. 2023 (30.83). It may suggest that Japan Real Estate Investment delayed paying its suppliers.

Japan Real Estate Investment Days Payable Historical Data

The historical data trend for Japan Real Estate Investment'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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Japan Real Estate Investment Days Payable Chart

Japan Real Estate Investment Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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20.40

14.62

13.28

15.00

23.74

Japan Real Estate Investment Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															15.29	17.12	18.15	22.71	30.83

Competitive Comparison of Japan Real Estate Investment's Days Payable

For the REIT - Office subindustry, Japan Real Estate Investment'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.

Japan Real Estate Investment's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Japan Real Estate Investment's Days Payable distribution charts can be found below:

* The bar in red indicates where Japan Real Estate Investment's Days Payable falls into.

Japan Real Estate Investment 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.

Japan Real Estate Investment'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
=	( (1540.85	+	3232.399)	/	2 )	/	36699.932	*	365
=	2386.6245					/	36699.932	*	365
=	23.74

Japan Real Estate Investment's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3001.178	+	3232.399)	/	2 )	/	18447.146	*	365 / 2
=	3116.7885					/	18447.146	*	365 / 2
=	30.83

Japan Real Estate Investment Days Payable Related Terms

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Japan Real Estate Investment (TSE:8952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Real Estate Investment Corp (TSE:8952) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.j-re.co.jp

Japan Real Estate Investment Corp, or J-REIT, is a Japanese real estate investment trust that invests in, owns, and leases office properties. The vast majority of the company's real estate portfolio is located within Tokyo's 23 wards and the Tokyo metropolitan area in terms of total value. Within this area, most of J-REIT's offices reside within the Tokyo central business district. The company derives nearly all of its income in the form of rental revenue from the leasing of its office properties. While J-REIT tenants hail from a diverse assortment of industries, firms from the service, information services, electric devices, and financial services industries are its largest customers in terms of total leased space.

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