Shin-Etsu Chemical Co (TSE:4063) Days Payable : 37.20 (As of Dec. 2023)

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What is Shin-Etsu Chemical Co Days Payable?

Shin-Etsu Chemical Co's average Accounts Payable for the three months ended in Dec. 2023 was 円162,028 Mil. Shin-Etsu Chemical Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円397,413 Mil. Hence, Shin-Etsu Chemical Co's Days Payable for the three months ended in Dec. 2023 was 37.20.

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

TSE:4063' s Days Payable Range Over the Past 10 Years
Min: 40.47 Med: 47.56 Max: 51.26
Current: 40.47

During the past 13 years, Shin-Etsu Chemical Co's highest Days Payable was 51.26. The lowest was 40.47. And the median was 47.56.

TSE:4063's Days Payable is ranked worse than
70.17% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs TSE:4063: 40.47

Shin-Etsu Chemical Co's Days Payable declined from Dec. 2022 (42.62) to Dec. 2023 (37.20). It may suggest that Shin-Etsu Chemical Co accelerated paying its suppliers.

Shin-Etsu Chemical Co Days Payable Historical Data

The historical data trend for Shin-Etsu Chemical 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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Shin-Etsu Chemical Co Days Payable Chart

Shin-Etsu Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

51.26

50.13

45.85

41.51

42.04

Shin-Etsu Chemical 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															43.75	44.39	41.97	37.20	37.39

Competitive Comparison of Shin-Etsu Chemical Co's Days Payable

For the Chemicals subindustry, Shin-Etsu Chemical 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.

Shin-Etsu Chemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shin-Etsu Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shin-Etsu Chemical Co's Days Payable falls into.

Shin-Etsu Chemical 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.

Shin-Etsu Chemical 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
=	( (185006	+	161364)	/	2 )	/	1503728	*	365
=	173185					/	1503728	*	365
=	42.04

Shin-Etsu Chemical 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
=	( (161791	+	162265)	/	2 )	/	397413	*	365 / 4
=	162028					/	397413	*	365 / 4
=	37.20

Shin-Etsu Chemical Co Days Payable Related Terms

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Shin-Etsu Chemical Co (TSE:4063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shin-Etsu Chemical Co Ltd (TSE:4063) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SHECY:USA SHECF:USA SEH:Germany

Address

6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

http://www.shinetsu.co.jp

Shin-Etsu Chemical Co Ltd is a Japan-based company primarily engaged in chemical business. The company operates in six business segments namely Poly Vinyl Chloride, Specialty Chemicals, Silicon, Semiconductor Silicon, Electronic and Functional Materials and Diversified business. It derives majority of revenue through Poly Vinyl Chloride segment which manufactures and sells vinyl chloride, caustic soda products, chloromethane and methanol. The group is also involved in manufacturing and selling of various other chemical products such as Polyvinyl alcohol, Synthetic pheromones, Rare-earth magnets for electronics industry and general applications, Photoresists, Photomask blanks and others. Geographically, it operates from the market of Japan and its business is amplifying across the globe.

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