MAX Co (TSE:6454) Days Payable : 30.35 (As of Mar. 2024)

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What is MAX Co Days Payable?

MAX Co's average Accounts Payable for the three months ended in Mar. 2024 was 円3,839 Mil. MAX Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円11,541 Mil. Hence, MAX Co's Days Payable for the three months ended in Mar. 2024 was 30.35.

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

TSE:6454' s Days Payable Range Over the Past 10 Years
Min: 30.72 Med: 33.23 Max: 36.9
Current: 31.12

During the past 13 years, MAX Co's highest Days Payable was 36.90. The lowest was 30.72. And the median was 33.23.

TSE:6454's Days Payable is ranked worse than
87.62% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs TSE:6454: 31.12

MAX Co's Days Payable declined from Mar. 2023 (34.94) to Mar. 2024 (30.35). It may suggest that MAX Co accelerated paying its suppliers.

MAX Co Days Payable Historical Data

The historical data trend for MAX 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.

* Premium members only.

MAX Co Days Payable Chart

MAX Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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30.83

33.30

33.37

31.92

30.72

MAX 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															34.94	33.04	30.90	30.68	30.35

Competitive Comparison of MAX Co's Days Payable

For the Tools & Accessories subindustry, MAX 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.

MAX Co's Days Payable Distribution in the Industrial Products Industry

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

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

MAX 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.

MAX Co'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
=	( (4204	+	3671)	/	2 )	/	46781	*	365
=	3937.5					/	46781	*	365
=	30.72

MAX 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
=	( (4007	+	3671)	/	2 )	/	11541	*	365 / 4
=	3839					/	11541	*	365 / 4
=	30.35

MAX Co Days Payable Related Terms

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MAX Co (TSE:6454) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MAX Co Ltd (TSE:6454) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-6 Nihonbashi Hakozakicho, Chuo-ku, Tokyo, JPN, 103-8502

Website

http://www.max-ltd.co.jp

MAX Co Ltd manufactures and distributes office supplies and industrial equipment. The company operates through office equipment, industrial equipment, and home care and rehabilitation (HCR) equipment divisions. It mainly offers products such as hand-held staplers and automatic staplers, numbering tools, check writers, and other office supplies. It also markets fastening devices for various purposes such as concrete reinforcing bar tying machines, air compressors, and rechargeable tools.

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