Okamoto Machine Tool Works (TSE:6125) Days Payable : 42.22 (As of Dec. 2023)

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What is Okamoto Machine Tool Works Days Payable?

Okamoto Machine Tool Works's average Accounts Payable for the three months ended in Dec. 2023 was 円3,392 Mil. Okamoto Machine Tool Works's Cost of Goods Sold for the three months ended in Dec. 2023 was 円7,330 Mil. Hence, Okamoto Machine Tool Works's Days Payable for the three months ended in Dec. 2023 was 42.22.

The historical rank and industry rank for Okamoto Machine Tool Works's Days Payable or its related term are showing as below:

TSE:6125' s Days Payable Range Over the Past 10 Years
Min: 39.1 Med: 54.76 Max: 77.37
Current: 39.1

During the past 13 years, Okamoto Machine Tool Works's highest Days Payable was 77.37. The lowest was 39.10. And the median was 54.76.

TSE:6125's Days Payable is ranked worse than
80.81% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs TSE:6125: 39.10

Okamoto Machine Tool Works's Days Payable declined from Dec. 2022 (45.35) to Dec. 2023 (42.22). It may suggest that Okamoto Machine Tool Works accelerated paying its suppliers.

Okamoto Machine Tool Works Days Payable Historical Data

The historical data trend for Okamoto Machine Tool Works'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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Okamoto Machine Tool Works Days Payable Chart

Okamoto Machine Tool Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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77.37

74.27

64.08

53.86

42.26

Okamoto Machine Tool Works 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															45.35	38.91	39.34	36.38	42.22

Competitive Comparison of Okamoto Machine Tool Works's Days Payable

For the Specialty Industrial Machinery subindustry, Okamoto Machine Tool Works'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.

Okamoto Machine Tool Works's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Okamoto Machine Tool Works's Days Payable distribution charts can be found below:

* The bar in red indicates where Okamoto Machine Tool Works's Days Payable falls into.

Okamoto Machine Tool Works 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.

Okamoto Machine Tool Works'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
=	( (3552	+	3662)	/	2 )	/	31152	*	365
=	3607					/	31152	*	365
=	42.26

Okamoto Machine Tool Works'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
=	( (3331	+	3452)	/	2 )	/	7330	*	365 / 4
=	3391.5					/	7330	*	365 / 4
=	42.22

Okamoto Machine Tool Works Days Payable Related Terms

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Okamoto Machine Tool Works (TSE:6125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Okamoto Machine Tool Works Ltd (TSE:6125) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ohta Kosan Building, Yokohama, JPN

Website

http://www.okamoto.co.jp

Okamoto Machine Tool Works Ltd is engaged in the manufacture and sale of various grinding machines/ semiconductor related equipment.

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