Kobe Electric Railway Co (TSE:9046) Days Payable : 18.49 (As of Dec. 2023)

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What is Kobe Electric Railway Co Days Payable?

Kobe Electric Railway Co's average Accounts Payable for the three months ended in Dec. 2023 was 円869 Mil. Kobe Electric Railway Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,287 Mil. Hence, Kobe Electric Railway Co's Days Payable for the three months ended in Dec. 2023 was 18.49.

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

TSE:9046' s Days Payable Range Over the Past 10 Years
Min: 23.55 Med: 54.79 Max: 76.33
Current: 23.55

During the past 13 years, Kobe Electric Railway Co's highest Days Payable was 76.33. The lowest was 23.55. And the median was 54.79.

TSE:9046's Days Payable is ranked worse than
74.87% of 935 companies
in the Transportation industry
Industry Median: 39.02 vs TSE:9046: 23.55

Kobe Electric Railway Co's Days Payable declined from Dec. 2022 (19.06) to Dec. 2023 (18.49). It may suggest that Kobe Electric Railway Co accelerated paying its suppliers.

Kobe Electric Railway Co Days Payable Historical Data

The historical data trend for Kobe Electric Railway 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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Kobe Electric Railway Co Days Payable Chart

Kobe Electric Railway Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

76.33

72.90

56.75

51.04

51.55

Kobe Electric Railway 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															19.06	30.62	31.67	16.82	18.49

Competitive Comparison of Kobe Electric Railway Co's Days Payable

For the Railroads subindustry, Kobe Electric Railway 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.

Kobe Electric Railway Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kobe Electric Railway Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Kobe Electric Railway Co's Days Payable falls into.

Kobe Electric Railway 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.

Kobe Electric Railway 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
=	( (2692	+	2206)	/	2 )	/	17341	*	365
=	2449					/	17341	*	365
=	51.55

Kobe Electric Railway 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
=	( (920	+	817)	/	2 )	/	4287	*	365 / 4
=	868.5					/	4287	*	365 / 4
=	18.49

Kobe Electric Railway Co Days Payable Related Terms

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Kobe Electric Railway Co (TSE:9046) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kobe Electric Railway Co Ltd (TSE:9046) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-chome, Hyogo-ku, Kobe, JPN

Website

http://www.shintetsu.co.jp

Kobe Electric Railway Co Ltd operates as a railway company in Japan. Principally, it is also involved in the sale, lease, and brokerage of land buildings and other real estate properties. The company is also engaged in the management of rental building, and parking lot, long-term care and child care services. In addition, it also offers services related to the swimming school management.

Kobe Electric Railway Co (TSE:9046) Headlines

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