Kohoku Kogyo Co (TSE:6524) Days Payable : 22.10 (As of Mar. 2024)

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What is Kohoku Kogyo Co Days Payable?

Kohoku Kogyo Co's average Accounts Payable for the three months ended in Mar. 2024 was 円512 Mil. Kohoku Kogyo Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円2,112 Mil. Hence, Kohoku Kogyo Co's Days Payable for the three months ended in Mar. 2024 was 22.10.

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

TSE:6524' s Days Payable Range Over the Past 10 Years
Min: 25.12 Med: 28.34 Max: 31.02
Current: 25.12

During the past 5 years, Kohoku Kogyo Co's highest Days Payable was 31.02. The lowest was 25.12. And the median was 28.34.

TSE:6524's Days Payable is ranked worse than
91.61% of 2420 companies
in the Hardware industry
Industry Median: 68.065 vs TSE:6524: 25.12

Kohoku Kogyo Co's Days Payable declined from Mar. 2023 (32.29) to Mar. 2024 (22.10). It may suggest that Kohoku Kogyo Co accelerated paying its suppliers.

Kohoku Kogyo Co Days Payable Historical Data

The historical data trend for Kohoku Kogyo 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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Kohoku Kogyo Co Days Payable Chart

Kohoku Kogyo Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

28.09

28.34

31.02

30.29

26.49

Kohoku Kogyo Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								32.29	30.29	22.36	21.00	22.10

Competitive Comparison of Kohoku Kogyo Co's Days Payable

For the Electronic Components subindustry, Kohoku Kogyo 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.

Kohoku Kogyo Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kohoku Kogyo Co's Days Payable distribution charts can be found below:

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

Kohoku Kogyo 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.

Kohoku Kogyo 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
=	( (684	+	476)	/	2 )	/	7993	*	365
=	580					/	7993	*	365
=	26.49

Kohoku Kogyo 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
=	( (476	+	547)	/	2 )	/	2112	*	365 / 4
=	511.5					/	2112	*	365 / 4
=	22.10

Kohoku Kogyo Co Days Payable Related Terms

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Kohoku Kogyo Co (TSE:6524) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kohoku Kogyo Co Ltd (TSE:6524) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

H9J:Germany

Address

1623 Takatsuki, Takatsuki-cho, Shiga Prefecture, Nagahama, JPN, 529-0241

Website

https://www.kohokukogyo.co.jp

Kohoku Kogyo Co Ltd is engaged in the manufacturing and marketing of lead terminals for aluminum electrolytic capacitors and optical components and devices for optical fiber communication network.

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