Daiwa Office Investment (TSE:8976) Days Payable : 41.83 (As of Nov. 2023)

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What is Daiwa Office Investment Days Payable?

Daiwa Office Investment's average Accounts Payable for the six months ended in Nov. 2023 was 円1,274 Mil. Daiwa Office Investment's Cost of Goods Sold for the six months ended in Nov. 2023 was 円5,559 Mil. Hence, Daiwa Office Investment's Days Payable for the six months ended in Nov. 2023 was 41.83.

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

TSE:8976' s Days Payable Range Over the Past 10 Years
Min: 32.29 Med: 38.23 Max: 49.64
Current: 42.8

During the past 13 years, Daiwa Office Investment's highest Days Payable was 49.64. The lowest was 32.29. And the median was 38.23.

TSE:8976's Days Payable is ranked worse than
78.93% of 522 companies
in the REITs industry
Industry Median: 128.345 vs TSE:8976: 42.80

Daiwa Office Investment's Days Payable declined from Nov. 2022 (43.20) to Nov. 2023 (41.83). It may suggest that Daiwa Office Investment accelerated paying its suppliers.

Daiwa Office Investment Days Payable Historical Data

The historical data trend for Daiwa Office 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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Daiwa Office Investment Days Payable Chart

Daiwa Office Investment Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Days Payable

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35.12

32.29

38.57

42.81

40.09

Daiwa Office Investment Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Days Payable	Get a 7-Day Free Trial															30.82	33.39	43.20	42.29	41.83

Competitive Comparison of Daiwa Office Investment's Days Payable

For the REIT - Office subindustry, Daiwa Office 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.

Daiwa Office Investment's Days Payable Distribution in the REITs Industry

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

* The bar in red indicates where Daiwa Office Investment's Days Payable falls into.

Daiwa Office 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.

Daiwa Office Investment's Days Payable for the fiscal year that ended in Nov. 2022 is calculated as

	Days Payable (A: Nov. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2021 )	+	Accounts Payable (A: Nov. 2022 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2022 )	*	Days in Period
=	( (813.836	+	1514.187)	/	2 )	/	10596.613	*	365
=	1164.0115					/	10596.613	*	365
=	40.09

Daiwa Office Investment's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (1261.162	+	1286.974)	/	2 )	/	5559.019	*	365 / 2
=	1274.068					/	5559.019	*	365 / 2
=	41.83

Daiwa Office Investment Days Payable Related Terms

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Daiwa Office Investment (TSE:8976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Daiwa Office Investment Corp (TSE:8976) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-2-1 Ginza, Chuo-ku, Tokyo, JPN

Website

https://www.daiwa-office.co.jp

Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.

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