Rise Consulting Group (TSE:9168) Days Payable : 14.05 (As of Nov. 2023)

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What is Rise Consulting Group Days Payable?

Rise Consulting Group's average Accounts Payable for the three months ended in Nov. 2023 was 円99 Mil. Rise Consulting Group's Cost of Goods Sold for the three months ended in Nov. 2023 was 円643 Mil. Hence, Rise Consulting Group's Days Payable for the three months ended in Nov. 2023 was 14.05.

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

TSE:9168' s Days Payable Range Over the Past 10 Years
Min: 18.41 Med: 31.85 Max: 35.01
Current: 18.41

During the past 3 years, Rise Consulting Group's highest Days Payable was 35.01. The lowest was 18.41. And the median was 31.85.

TSE:9168's Days Payable is ranked worse than
80.65% of 920 companies
in the Business Services industry
Industry Median: 47.92 vs TSE:9168: 18.41

Rise Consulting Group's Days Payable increased from Nov. 2022 (0.00) to Nov. 2023 (14.05). It may suggest that Rise Consulting Group delayed paying its suppliers.

Rise Consulting Group Days Payable Historical Data

The historical data trend for Rise Consulting Group'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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Rise Consulting Group Days Payable Chart

Rise Consulting Group Annual Data

Trend

Feb21

Feb22

Feb23

Days Payable

28.69

35.01

Rise Consulting Group Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial			-	30.14	21.87	15.48	14.05

Competitive Comparison of Rise Consulting Group's Days Payable

For the Consulting Services subindustry, Rise Consulting Group'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.

Rise Consulting Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Rise Consulting Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Rise Consulting Group's Days Payable falls into.

Rise Consulting Group 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.

Rise Consulting Group's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (205.475	+	202.898)	/	2 )	/	2128.955	*	365
=	204.1865					/	2128.955	*	365
=	35.01

Rise Consulting Group'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: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (101.341	+	96.8)	/	2 )	/	643.382	*	365 / 4
=	99.0705					/	643.382	*	365 / 4
=	14.05

Rise Consulting Group Days Payable Related Terms

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Rise Consulting Group (TSE:9168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Rise Consulting Group Inc (TSE:9168) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-1 Roppongi, Minato-ku, Tokyo, JPN, 106-6034

Website

https://www.rise-cg.co.jp

Rise Consulting Group Inc is engaged in consulting business services. Its services include NewTech Consulting, New Innovation Consulting, Overseas Expansion Consulting, Business Process Re-engineering Consulting, and IT Consulting.

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