Toyo Engineering (TSE:6330) Days Payable : 123.27 (As of Dec. 2023)

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What is Toyo Engineering Days Payable?

Toyo Engineering's average Accounts Payable for the three months ended in Dec. 2023 was 円87,307 Mil. Toyo Engineering's Cost of Goods Sold for the three months ended in Dec. 2023 was 円64,631 Mil. Hence, Toyo Engineering's Days Payable for the three months ended in Dec. 2023 was 123.27.

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

TSE:6330' s Days Payable Range Over the Past 10 Years
Min: 87.93 Med: 121.28 Max: 150.69
Current: 126.29

During the past 13 years, Toyo Engineering's highest Days Payable was 150.69. The lowest was 87.93. And the median was 121.28.

TSE:6330's Days Payable is ranked better than
71.58% of 1601 companies
in the Construction industry
Industry Median: 76.01 vs TSE:6330: 126.29

Toyo Engineering's Days Payable declined from Dec. 2022 (135.55) to Dec. 2023 (123.27). It may suggest that Toyo Engineering accelerated paying its suppliers.

Toyo Engineering Days Payable Historical Data

The historical data trend for Toyo Engineering'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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Toyo Engineering Days Payable Chart

Toyo Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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133.52

150.69

145.43

148.58

122.40

Toyo Engineering 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															121.59	127.12	126.25	123.27	132.28

Competitive Comparison of Toyo Engineering's Days Payable

For the Engineering & Construction subindustry, Toyo Engineering'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.

Toyo Engineering's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Toyo Engineering's Days Payable distribution charts can be found below:

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

Toyo Engineering 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.

Toyo Engineering'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
=	( (64701	+	91191)	/	2 )	/	232434	*	365
=	77946					/	232434	*	365
=	122.40

Toyo Engineering'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
=	( (80270	+	94344)	/	2 )	/	64631	*	365 / 4
=	87307					/	64631	*	365 / 4
=	123.27

Toyo Engineering Days Payable Related Terms

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Toyo Engineering (TSE:6330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Toyo Engineering Corp (TSE:6330) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6AE:Germany

Address

2-8-1 Akanehama Narashino-shi, Chiba, JPN

Website

http://www.toyo-eng.co.jp

Toyo Engineering provides engineering and construction services for industrial facilities. It designs, procures materials, builds, and offers technical assistance for oil and gas, petrochemicals, water treatment, transportation, power generation, and other industrial markets. Project management skills partnered with technological solutions allow the company to offer customized solutions and manufacture various power plants and infrastructure projects. Toyo operates three business groups: engineering, procurement, and construction (the majority of total revenue); IT; and real estate. A global network of employees gathers data from customers, and company locations are spread across Asia, North America, and South America to collect regional information.

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