Kitz (TSE:6498) Days Payable : 25.97 (As of Dec. 2023)

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What is Kitz Days Payable?

Kitz's average Accounts Payable for the three months ended in Dec. 2023 was 円9,138 Mil. Kitz's Cost of Goods Sold for the three months ended in Dec. 2023 was 円32,101 Mil. Hence, Kitz's Days Payable for the three months ended in Dec. 2023 was 25.97.

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

TSE:6498' s Days Payable Range Over the Past 10 Years
Min: 21.9 Med: 26.17 Max: 27.78
Current: 27.51

During the past 13 years, Kitz's highest Days Payable was 27.78. The lowest was 21.90. And the median was 26.17.

TSE:6498's Days Payable is ranked worse than
90.76% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs TSE:6498: 27.51

Kitz's Days Payable declined from Dec. 2022 (27.64) to Dec. 2023 (25.97). It may suggest that Kitz accelerated paying its suppliers.

Kitz Days Payable Historical Data

The historical data trend for Kitz'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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Kitz Days Payable Chart

Kitz Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Days Payable

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26.70

25.51

27.14

27.60

25.64

Kitz 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															27.64	30.24	27.68	27.42	25.97

Competitive Comparison of Kitz's Days Payable

For the Specialty Industrial Machinery subindustry, Kitz'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.

Kitz's Days Payable Distribution in the Industrial Products Industry

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

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

Kitz 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.

Kitz's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (8037	+	8975)	/	2 )	/	121095	*	365
=	8506					/	121095	*	365
=	25.64

Kitz'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
=	( (9340	+	8935)	/	2 )	/	32101	*	365 / 4
=	9137.5					/	32101	*	365 / 4
=	25.97

Kitz Days Payable Related Terms

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Kitz (TSE:6498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kitz Corp (TSE:6498) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-10-1 Nakase Mihama-ku, Chiba, JPN, 2618577

Website

http://www.kitz.co.jp

Kitz Corp is a Japan-based company that operates through segments namely valve manufacturing business in which the company manufactures and sells valves, fittings, water purifiers, and industrial filters. the brass manufacturing business involves manufacturing and selling of brass rods for machined or forged products. The company's products consist of brass, cast iron, ductile iron, strainer, bronze, and others. It generates a majority of its revenue from the Valve manufacturing business.

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