Toyo Kanetsu KK (TSE:6369) Days Payable : 10.01 (As of Dec. 2023)

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What is Toyo Kanetsu KK Days Payable?

Toyo Kanetsu KK's average Accounts Payable for the three months ended in Dec. 2023 was 円1,217 Mil. Toyo Kanetsu KK's Cost of Goods Sold for the three months ended in Dec. 2023 was 円11,084 Mil. Hence, Toyo Kanetsu KK's Days Payable for the three months ended in Dec. 2023 was 10.01.

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

TSE:6369' s Days Payable Range Over the Past 10 Years
Min: 9.73 Med: 16.11 Max: 30.24
Current: 10.18

During the past 13 years, Toyo Kanetsu KK's highest Days Payable was 30.24. The lowest was 9.73. And the median was 16.11.

TSE:6369's Days Payable is ranked worse than
98.43% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs TSE:6369: 10.18

Toyo Kanetsu KK's Days Payable declined from Dec. 2022 (12.74) to Dec. 2023 (10.01). It may suggest that Toyo Kanetsu KK accelerated paying its suppliers.

Toyo Kanetsu KK Days Payable Historical Data

The historical data trend for Toyo Kanetsu KK'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 Kanetsu KK Days Payable Chart

Toyo Kanetsu KK Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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12.16

10.67

10.62

15.00

9.73

Toyo Kanetsu KK 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															10.75	13.24	10.82	10.01	8.14

Competitive Comparison of Toyo Kanetsu KK's Days Payable

For the Specialty Industrial Machinery subindustry, Toyo Kanetsu KK'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 Kanetsu KK's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Toyo Kanetsu KK's Days Payable distribution charts can be found below:

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

Toyo Kanetsu KK 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 Kanetsu KK'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
=	( (1243	+	997)	/	2 )	/	42019	*	365
=	1120					/	42019	*	365
=	9.73

Toyo Kanetsu KK'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
=	( (1200	+	1233)	/	2 )	/	11084	*	365 / 4
=	1216.5					/	11084	*	365 / 4
=	10.01

Toyo Kanetsu KK Days Payable Related Terms

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Toyo Kanetsu KK (TSE:6369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Kanetsu KK (TSE:6369) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11-1, Minamisuna 2-chome, Koto-ku, Tokyo, JPN, 136-8666

Website

http://www.toyokanetsu.co.jp

Toyo Kanetsu KK produces and sells industrial furnaces. It operates in two reportable segments which include Plant and machinery segment and Material handling system segment. Plant and machinery comprise of designing, manufacturing, installation of storage tanks for LNG (Liquefied natural gas), crude oil and other gases and liquids whereas Material handling system segment is engaged in the development, designing and installation of distribution system especially for sorting, picking and conveyance. The business activity of the group is operated by Japan, Southeast Asia, Oceania, and Internationally.

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