Grandy House (TSE:8999) Days Payable : 28.78 (As of Dec. 2023)

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What is Grandy House Days Payable?

Grandy House's average Accounts Payable for the three months ended in Dec. 2023 was 円3,469 Mil. Grandy House's Cost of Goods Sold for the three months ended in Dec. 2023 was 円11,000 Mil. Hence, Grandy House's Days Payable for the three months ended in Dec. 2023 was 28.78.

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

TSE:8999' s Days Payable Range Over the Past 10 Years
Min: 29.29 Med: 30.85 Max: 32.78
Current: 29.65

During the past 13 years, Grandy House's highest Days Payable was 32.78. The lowest was 29.29. And the median was 30.85.

TSE:8999's Days Payable is ranked worse than
81.55% of 1572 companies
in the Real Estate industry
Industry Median: 99.68 vs TSE:8999: 29.65

Grandy House's Days Payable declined from Dec. 2022 (31.19) to Dec. 2023 (28.78). It may suggest that Grandy House accelerated paying its suppliers.

Grandy House Days Payable Historical Data

The historical data trend for Grandy House'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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Grandy House Days Payable Chart

Grandy House Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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32.78

30.85

30.45

29.29

30.29

Grandy House 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															31.19	27.49	33.58	29.72	28.78

Competitive Comparison of Grandy House's Days Payable

For the Real Estate Services subindustry, Grandy House'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.

Grandy House's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Grandy House's Days Payable distribution charts can be found below:

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

Grandy House 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.

Grandy House'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
=	( (3870.228	+	3668.472)	/	2 )	/	45428.056	*	365
=	3769.35					/	45428.056	*	365
=	30.29

Grandy House'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
=	( (3520.986	+	3416.757)	/	2 )	/	10999.909	*	365 / 4
=	3468.8715					/	10999.909	*	365 / 4
=	28.78

Grandy House Days Payable Related Terms

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Grandy House (TSE:8999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grandy House Corp (TSE:8999) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

4-3-18, Odori, Tochigi Prefecture, UTSUNOMIYA, JPN, 3320-081

Website

https://www.grandy.co.jp

Grandy House Corp is a real estate company based in Japan. The company's three reportable segments are classified as Real Estate Sales, Construction Material Sales, and Real Estate Leasing. The Real Estate Sales business includes sales of new homes including building contract and sale of land and existing homes and home renovation. The Construction Material Sales business comprises of production and sale of pre-cut materials for housing and sale of construction materials and home facilities and equipment. In the Real Estate Leasing business, activities comprise the leasing of office, homes, related properties, and parking facilities.

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