Novarese (TSE:9160) Days Payable : 78.53 (As of Mar. 2024)

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What is Novarese Days Payable?

Novarese's average Accounts Payable for the three months ended in Mar. 2024 was 円1,504 Mil. Novarese's Cost of Goods Sold for the three months ended in Mar. 2024 was 円1,747 Mil. Hence, Novarese's Days Payable for the three months ended in Mar. 2024 was 78.53.

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

TSE:9160' s Days Payable Range Over the Past 10 Years
Min: 31.73 Med: 69.34 Max: 89.96
Current: 71.53

During the past 10 years, Novarese's highest Days Payable was 89.96. The lowest was 31.73. And the median was 69.34.

TSE:9160's Days Payable is ranked better than
72.45% of 98 companies
in the Personal Services industry
Industry Median: 31.455 vs TSE:9160: 71.53

Novarese's Days Payable increased from Mar. 2023 (75.68) to Mar. 2024 (78.53). It may suggest that Novarese delayed paying its suppliers.

Novarese Days Payable Historical Data

The historical data trend for Novarese'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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Novarese Days Payable Chart

Novarese Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec22

Dec23

Days Payable

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73.86

51.73

31.73

50.86

62.92

Novarese Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															75.68	86.15	83.50	52.52	78.53

Competitive Comparison of Novarese's Days Payable

For the Personal Services subindustry, Novarese'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.

Novarese's Days Payable Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Novarese's Days Payable distribution charts can be found below:

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

Novarese 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.

Novarese's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1358.78	+	1427.247)	/	2 )	/	8080.802	*	365
=	1393.0135					/	8080.802	*	365
=	62.92

Novarese's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1427.247	+	1580.297)	/	2 )	/	1747.446	*	365 / 4
=	1503.772					/	1747.446	*	365 / 4
=	78.53

Novarese Days Payable Related Terms

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Novarese (TSE:9160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Novarese Inc (TSE:9160) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ginza YOMIKO Building 4F, Tokyo, JPN, 104-0061

Website

http://www.novarese.co.jp

Novarese Inc offers 'Guest House' wedding services. The Company provides rental services for wedding clothing and accessories and operates restaurant business including wedding-food catering services.

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