KING Co (TSE:8118) Days Payable : 66.30 (As of Dec. 2023)

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What is KING Co Days Payable?

KING Co's average Accounts Payable for the three months ended in Dec. 2023 was 円627 Mil. KING Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円863 Mil. Hence, KING Co's Days Payable for the three months ended in Dec. 2023 was 66.30.

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

TSE:8118' s Days Payable Range Over the Past 10 Years
Min: 23.93 Med: 64.05 Max: 93.13
Current: 59.23

During the past 13 years, KING Co's highest Days Payable was 93.13. The lowest was 23.93. And the median was 64.05.

TSE:8118's Days Payable is ranked better than
52.07% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs TSE:8118: 59.23

KING Co's Days Payable increased from Dec. 2022 (62.09) to Dec. 2023 (66.30). It may suggest that KING Co delayed paying its suppliers.

KING Co Days Payable Historical Data

The historical data trend for KING 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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KING Co Days Payable Chart

KING Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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68.94

63.18

64.91

67.30

61.54

KING Co 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															62.09	51.81	65.81	52.91	66.30

Competitive Comparison of KING Co's Days Payable

For the Textile Manufacturing subindustry, KING 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.

KING Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, KING Co's Days Payable distribution charts can be found below:

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

KING 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.

KING Co'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
=	( (660	+	594)	/	2 )	/	3719	*	365
=	627					/	3719	*	365
=	61.54

KING Co'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
=	( (624	+	630)	/	2 )	/	863	*	365 / 4
=	627					/	863	*	365 / 4
=	66.30

KING Co Days Payable Related Terms

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KING Co (TSE:8118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » KING Co Ltd (TSE:8118) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-9 Nishi Gotanda Shinagawa-ku, Tokyo, JPN, 141-0031

Website

http://www.king-group.co.jp

KING Co., Ltd. is a textile producer and apparel maker of cloths. The company produces printed textiles and manufactures ready-made suits, sweaters, jackets, skirts, slacks, scarves, bags, and others. It sells its products under the brand name PINORE, C'EST CHIC'A, LUPUY, AUSTIN REED, PRIDE BIS, among others.

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