Daido Metal Co (TSE:7245) Days Payable : 38.07 (As of Mar. 2024)

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What is Daido Metal Co Days Payable?

Daido Metal Co's average Accounts Payable for the three months ended in Mar. 2024 was 円9,605 Mil. Daido Metal Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円23,021 Mil. Hence, Daido Metal Co's Days Payable for the three months ended in Mar. 2024 was 38.07.

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

TSE:7245' s Days Payable Range Over the Past 10 Years
Min: 32.7 Med: 38.37 Max: 45.49
Current: 34.85

During the past 13 years, Daido Metal Co's highest Days Payable was 45.49. The lowest was 32.70. And the median was 38.37.

TSE:7245's Days Payable is ranked worse than
81.13% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 66.66 vs TSE:7245: 34.85

Daido Metal Co's Days Payable increased from Mar. 2023 (35.90) to Mar. 2024 (38.07). It may suggest that Daido Metal Co delayed paying its suppliers.

Daido Metal Co Days Payable Historical Data

The historical data trend for Daido Metal Co'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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Daido Metal Co Days Payable Chart

Daido Metal Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

38.89

38.27

34.83

34.59

32.70

Daido Metal Co 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															35.90	34.30	33.53	35.81	38.07

Competitive Comparison of Daido Metal Co's Days Payable

For the Auto Parts subindustry, Daido Metal Co'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.

Daido Metal Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Daido Metal Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Daido Metal Co's Days Payable falls into.

Daido Metal Co 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.

Daido Metal Co'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
=	( (8373	+	9083)	/	2 )	/	97434	*	365
=	8728					/	97434	*	365
=	32.70

Daido Metal Co'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
=	( (10126	+	9083)	/	2 )	/	23021	*	365 / 4
=	9604.5					/	23021	*	365 / 4
=	38.07

Daido Metal Co Days Payable Related Terms

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Daido Metal Co (TSE:7245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Daido Metal Co Ltd (TSE:7245) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

17th Floor, Tennozu Central Tower 2-2-24, Higashi Shinagawa, Shinagawa-Ku, Tokyo, JPN, 140-0002

Website

http://www.daidometal.com

Daido Metal Co Ltd manufactures and sells a variety of bearings including automobile engine bearings and large ship engine bearings. The company has a production and sales network in the five-hub system of Japan, North America, Europe, Asia, and China. It manufactures bearings for trucks, construction and agricultural machinery, and bearings for automobile parts such as turbochargers and shock absorbers. Its products portfolio includes metal-polymer bearings, metallic bearings, engine bearing, turbomachinery bearing systems, modular products, pump, centralized lubrication, capacitors and semi-dry processing which are used in including automotive, marine, construction machinery, agricultural machines, industrial, energy, infrastructure and transportation, leisure, and household appliances.

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