Tsubota Laboratory (TSE:4890) Days Payable : 4.70 (As of Dec. 2023)

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What is Tsubota Laboratory Days Payable?

Tsubota Laboratory's average Accounts Payable for the three months ended in Dec. 2023 was 円26.5 Mil. Tsubota Laboratory's Cost of Goods Sold for the three months ended in Dec. 2023 was 円513.3 Mil. Hence, Tsubota Laboratory's Days Payable for the three months ended in Dec. 2023 was 4.70.

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

TSE:4890' s Days Payable Range Over the Past 10 Years
Min: 14.73 Med: 61.9 Max: 141
Current: 14.73

During the past 5 years, Tsubota Laboratory's highest Days Payable was 141.00. The lowest was 14.73. And the median was 61.90.

TSE:4890's Days Payable is ranked worse than
96.69% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs TSE:4890: 14.73

Tsubota Laboratory's Days Payable declined from Dec. 2022 (4,468.85) to Dec. 2023 (4.70). It may suggest that Tsubota Laboratory accelerated paying its suppliers.

Tsubota Laboratory Days Payable Historical Data

The historical data trend for Tsubota Laboratory'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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Tsubota Laboratory Days Payable Chart

Tsubota Laboratory Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

61.90

141.00

112.77

38.76

14.83

Tsubota Laboratory Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							49.88	83.56	26.50	4.70	168.72

Competitive Comparison of Tsubota Laboratory's Days Payable

For the Medical Devices subindustry, Tsubota Laboratory'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.

Tsubota Laboratory's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tsubota Laboratory's Days Payable distribution charts can be found below:

* The bar in red indicates where Tsubota Laboratory's Days Payable falls into.

Tsubota Laboratory 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.

Tsubota Laboratory'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
=	( (32.615	+	20.366)	/	2 )	/	652.153	*	365
=	26.4905					/	652.153	*	365
=	14.83

Tsubota Laboratory'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
=	( (29.574	+	23.355)	/	2 )	/	513.299	*	365 / 4
=	26.4645					/	513.299	*	365 / 4
=	4.70

Tsubota Laboratory Days Payable Related Terms

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Tsubota Laboratory (TSE:4890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tsubota Laboratory Inc (TSE:4890) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Shinanomachi, 304 Toshin Shinanomachi-ekimae Building, Shinjuku-ku, Tokyo, JPN, 160-0016

Website

https://tsubota-lab.com

Tsubota Laboratory Inc is engaged in the research and development of pharmaceuticals and medical devices for the treatment of myopia, dry eyes, and presbyopia.

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