Chita Kogyo Co (NGO:5993) Days Payable : 66.94 (As of Nov. 2023)

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What is Chita Kogyo Co Days Payable?

Chita Kogyo Co's average Accounts Payable for the three months ended in Nov. 2023 was 円2,357 Mil. Chita Kogyo Co's Cost of Goods Sold for the three months ended in Nov. 2023 was 円3,213 Mil. Hence, Chita Kogyo Co's Days Payable for the three months ended in Nov. 2023 was 66.94.

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

NGO:5993' s Days Payable Range Over the Past 10 Years
Min: 5.43 Med: 71.52 Max: 85.05
Current: 72.67

During the past 13 years, Chita Kogyo Co's highest Days Payable was 85.05. The lowest was 5.43. And the median was 71.52.

NGO:5993's Days Payable is ranked better than
55.68% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs NGO:5993: 72.67

Chita Kogyo Co's Days Payable declined from Nov. 2022 (69.23) to Nov. 2023 (66.94). It may suggest that Chita Kogyo Co accelerated paying its suppliers.

Chita Kogyo Co Days Payable Historical Data

The historical data trend for Chita Kogyo 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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Chita Kogyo Co Days Payable Chart

Chita Kogyo Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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71.88

71.97

85.05

71.15

74.55

Chita Kogyo Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															69.23	75.85	76.29	68.15	66.94

Competitive Comparison of Chita Kogyo Co's Days Payable

For the Auto Parts subindustry, Chita Kogyo 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.

Chita Kogyo Co's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Chita Kogyo 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.

Chita Kogyo Co's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (2077.665	+	2391.375)	/	2 )	/	10940.202	*	365
=	2234.52					/	10940.202	*	365
=	74.55

Chita Kogyo Co's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (2099.834	+	2614.067)	/	2 )	/	3212.784	*	365 / 4
=	2356.9505					/	3212.784	*	365 / 4
=	66.94

Chita Kogyo Co Days Payable Related Terms

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Chita Kogyo Co (NGO:5993) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chita Kogyo Co Ltd (NGO:5993) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aichi Prefecture Maenami-cho 2-chome 12, Yubinbango, Kasugai, JPN, 486-0903

Website

http://www.chitakogyo.co.jp

Chita Kogyo Co Ltd is engaged in the manufacture of various wire springs, molded products, cutting products, and dental products. The activities of the company include line spring processing, thin plate spring, pipe forming processing, and antivibration rubber processing.

Chita Kogyo Co (NGO:5993) Headlines

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