Kyoei Steel (TSE:5440) Days Payable : 27.36 (As of Dec. 2023)

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What is Kyoei Steel Days Payable?

Kyoei Steel's average Accounts Payable for the three months ended in Dec. 2023 was 円21,551 Mil. Kyoei Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was 円71,889 Mil. Hence, Kyoei Steel's Days Payable for the three months ended in Dec. 2023 was 27.36.

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

TSE:5440' s Days Payable Range Over the Past 10 Years
Min: 19.91 Med: 27.05 Max: 34.69
Current: 26.29

During the past 13 years, Kyoei Steel's highest Days Payable was 34.69. The lowest was 19.91. And the median was 27.05.

TSE:5440's Days Payable is ranked worse than
71.16% of 586 companies
in the Steel industry
Industry Median: 41.325 vs TSE:5440: 26.29

Kyoei Steel's Days Payable increased from Dec. 2022 (21.88) to Dec. 2023 (27.36). It may suggest that Kyoei Steel delayed paying its suppliers.

Kyoei Steel Days Payable Historical Data

The historical data trend for Kyoei Steel'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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Kyoei Steel Days Payable Chart

Kyoei Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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25.24

23.44

23.02

19.91

25.28

Kyoei Steel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															22.99	23.99	26.37	27.36	28.26

Competitive Comparison of Kyoei Steel's Days Payable

For the Steel subindustry, Kyoei Steel'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.

Kyoei Steel's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kyoei Steel's Days Payable distribution charts can be found below:

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

Kyoei Steel 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.

Kyoei Steel's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (16370	+	22279)	/	2 )	/	279013	*	365
=	19324.5					/	279013	*	365
=	25.28

Kyoei Steel'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
=	( (21044	+	22058)	/	2 )	/	71889	*	365 / 4
=	21551					/	71889	*	365 / 4
=	27.36

Kyoei Steel Days Payable Related Terms

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Kyoei Steel (TSE:5440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kyoei Steel Ltd (TSE:5440) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Issue 16 No. 4-chome, Kita-ku, Dojimahama, Osaka, JPN, 5300004

Website

http://www.kyoeisteel.co.jp

Kyoei Steel Ltd is involved in the business Steel and Material recycling. Its primary activities include manufacture, processing, and sale of steel billets and products, collection, transportation and treatment of general, industrial and medical waste, recycling of automobiles and industrial waste, processing assembly of rebars, designing of steel production plants and sale of steelmaking technology. The firm's products include concrete steel bars, flat bars, I-beams, equal angle bars etc.

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