Tsurumi Manufacturing Co (TSE:6351) Days Payable : 58.04 (As of Dec. 2023)

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What is Tsurumi Manufacturing Co Days Payable?

Tsurumi Manufacturing Co's average Accounts Payable for the three months ended in Dec. 2023 was 円5,594 Mil. Tsurumi Manufacturing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,795 Mil. Hence, Tsurumi Manufacturing Co's Days Payable for the three months ended in Dec. 2023 was 58.04.

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

TSE:6351' s Days Payable Range Over the Past 10 Years
Min: 56.65 Med: 76.3 Max: 81.41
Current: 56.65

During the past 13 years, Tsurumi Manufacturing Co's highest Days Payable was 81.41. The lowest was 56.65. And the median was 76.30.

TSE:6351's Days Payable is ranked worse than
64.05% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs TSE:6351: 56.65

Tsurumi Manufacturing Co's Days Payable declined from Dec. 2022 (76.20) to Dec. 2023 (58.04). It may suggest that Tsurumi Manufacturing Co accelerated paying its suppliers.

Tsurumi Manufacturing Co Days Payable Historical Data

The historical data trend for Tsurumi Manufacturing 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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Tsurumi Manufacturing Co Days Payable Chart

Tsurumi Manufacturing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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77.79

79.60

80.50

72.31

70.19

Tsurumi Manufacturing Co 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															76.20	56.96	59.45	49.63	58.04

Competitive Comparison of Tsurumi Manufacturing Co's Days Payable

For the Specialty Industrial Machinery subindustry, Tsurumi Manufacturing 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.

Tsurumi Manufacturing Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Tsurumi Manufacturing Co's Days Payable falls into.

Tsurumi Manufacturing 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.

Tsurumi Manufacturing Co's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (7168	+	6727)	/	2 )	/	36130	*	365
=	6947.5					/	36130	*	365
=	70.19

Tsurumi Manufacturing 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
=	( (5486	+	5702)	/	2 )	/	8795	*	365 / 4
=	5594					/	8795	*	365 / 4
=	58.04

Tsurumi Manufacturing Co Days Payable Related Terms

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Tsurumi Manufacturing Co (TSE:6351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tsurumi Manufacturing Co Ltd (TSE:6351) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-16-40 Tsurumi, Tsurumi-ku, Osaka-shi, Osaka, JPN, 538-8585

Website

http://www.tsurumipump.co.jp

Tsurumi Manufacturing Co Ltd is a Japan-based company mainly engaged in the manufacture, purchase, sale, lease, rent, and repair of water pumps. The company offers products including submersible and non-submersible construction dewatering pumps, submersible sewage and wastewater pumps, submersible seawater pumps, non-submersible clean water pumps, and other submersible pumps. It also provides liquid ring pumps, water treatment equipment comprising of aeration equipment, scum skimmers, decanters, dehydrators, and screening equipment, portable generators, and liquid level sensors. Additionally, the company's products are used in construction and mining, industrial and energy, agricultural and irrigation, river and flood control, waterworks and wastewater, and environmental protection fields.

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