Union Tool Co (TSE:6278) Days Payable : 14.02 (As of Mar. 2024)

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What is Union Tool Co Days Payable?

Union Tool Co's average Accounts Payable for the three months ended in Mar. 2024 was 円710 Mil. Union Tool Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円4,619 Mil. Hence, Union Tool Co's Days Payable for the three months ended in Mar. 2024 was 14.02.

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

TSE:6278' s Days Payable Range Over the Past 10 Years
Min: 14.64 Med: 21.68 Max: 26.91
Current: 14.64

During the past 13 years, Union Tool Co's highest Days Payable was 26.91. The lowest was 14.64. And the median was 21.68.

TSE:6278's Days Payable is ranked worse than
96.93% of 2934 companies
in the Industrial Products industry
Industry Median: 76.415 vs TSE:6278: 14.64

Union Tool Co's Days Payable declined from Mar. 2023 (21.46) to Mar. 2024 (14.02). It may suggest that Union Tool Co accelerated paying its suppliers.

Union Tool Co Days Payable Historical Data

The historical data trend for Union Tool 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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Union Tool Co Days Payable Chart

Union Tool Co Annual Data

Trend

Nov14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.31

21.68

19.97

21.33

17.70

Union Tool 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															21.46	15.87	13.89	13.65	14.02

Competitive Comparison of Union Tool Co's Days Payable

For the Tools & Accessories subindustry, Union Tool 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.

Union Tool Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Union Tool Co's Days Payable distribution charts can be found below:

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

Union Tool 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.

Union Tool Co'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
=	( (934	+	652)	/	2 )	/	16351	*	365
=	793					/	16351	*	365
=	17.70

Union Tool Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (652	+	767)	/	2 )	/	4619	*	365 / 4
=	709.5					/	4619	*	365 / 4
=	14.02

Union Tool Co Days Payable Related Terms

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Union Tool Co (TSE:6278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Union Tool Co (TSE:6278) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Minamioi 6-17-1, Shinagawa-ku, Tokyo, JPN, 140-0013

Website

http://www.uniontool.co.jp

Union Tools Co is a designer and manufacturer of industrial cutting tools to a broad sector of the global industry. The company's key product includes carbide drill used in the manufacture of Printed Circuit Boards, found in all modern electronics. It also manufactures precision machinery including linear motion guides, diesinking end-mills, and digital measuring equipment for industrial use. The company has operations in Japan, Asia, North America and Europe.

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