Toyo Tire (TSE:5105) Days Payable : 41.87 (As of Dec. 2023)

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What is Toyo Tire Days Payable?

Toyo Tire's average Accounts Payable for the three months ended in Dec. 2023 was 円38,050 Mil. Toyo Tire's Cost of Goods Sold for the three months ended in Dec. 2023 was 円82,926 Mil. Hence, Toyo Tire's Days Payable for the three months ended in Dec. 2023 was 41.87.

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

TSE:5105' s Days Payable Range Over the Past 10 Years
Min: 41.55 Med: 77.7 Max: 101.97
Current: 41.55

During the past 13 years, Toyo Tire's highest Days Payable was 101.97. The lowest was 41.55. And the median was 77.70.

TSE:5105's Days Payable is ranked worse than
73.67% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs TSE:5105: 41.55

Toyo Tire's Days Payable increased from Dec. 2022 (39.13) to Dec. 2023 (41.87). It may suggest that Toyo Tire delayed paying its suppliers.

Toyo Tire Days Payable Historical Data

The historical data trend for Toyo Tire'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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Toyo Tire Days Payable Chart

Toyo Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.34

52.80

49.95

46.71

43.87

Toyo Tire 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															39.13	47.13	36.67	39.14	41.87

Competitive Comparison of Toyo Tire's Days Payable

For the Auto Parts subindustry, Toyo Tire'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.

Toyo Tire's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Toyo Tire's Days Payable falls into.

Toyo Tire 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.

Toyo Tire's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (42577	+	38262)	/	2 )	/	336314	*	365
=	40419.5					/	336314	*	365
=	43.87

Toyo Tire'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
=	( (37838	+	38262)	/	2 )	/	82926	*	365 / 4
=	38050					/	82926	*	365 / 4
=	41.87

Toyo Tire Days Payable Related Terms

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Toyo Tire (TSE:5105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyo Tire Corp (TSE:5105) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TOTTF:USA

Address

2-2-13 Fujinoki, Hyogo, Itami, JPN, 664-0847

Website

https://www.toyotires.co.jp

Toyo Tire Corp manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts. The majority of the company's revenue is amassed through Japanese and North American sales. Toyo Tire & Rubber's tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform polymer dispersion. Additional enhancements are gained through driving simulation and propriety T mode simulation. Simulation testing methods enable the company to monitor tire behavior and construction under various situations.

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