Obara Group (TSE:6877) Days Payable : 46.33 (As of Dec. 2023)

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What is Obara Group Days Payable?

Obara Group's average Accounts Payable for the three months ended in Dec. 2023 was 円4,257 Mil. Obara Group's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,383 Mil. Hence, Obara Group's Days Payable for the three months ended in Dec. 2023 was 46.33.

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

TSE:6877' s Days Payable Range Over the Past 10 Years
Min: 42.35 Med: 49.4 Max: 56.38
Current: 47.56

During the past 13 years, Obara Group's highest Days Payable was 56.38. The lowest was 42.35. And the median was 49.40.

TSE:6877's Days Payable is ranked worse than
72.44% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs TSE:6877: 47.56

Obara Group's Days Payable increased from Dec. 2022 (41.51) to Dec. 2023 (46.33). It may suggest that Obara Group delayed paying its suppliers.

Obara Group Days Payable Historical Data

The historical data trend for Obara Group'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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Obara Group Days Payable Chart

Obara Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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54.17

48.80

46.23

50.00

42.67

Obara Group 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															41.51	48.31	55.68	41.08	46.33

Competitive Comparison of Obara Group's Days Payable

For the Tools & Accessories subindustry, Obara Group'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.

Obara Group's Days Payable Distribution in the Industrial Products Industry

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

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

Obara Group 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.

Obara Group's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (4829	+	3983)	/	2 )	/	37685	*	365
=	4406					/	37685	*	365
=	42.67

Obara Group'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
=	( (3983	+	4530)	/	2 )	/	8383	*	365 / 4
=	4256.5					/	8383	*	365 / 4
=	46.33

Obara Group Days Payable Related Terms

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Obara Group (TSE:6877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Obara Group Inc (TSE:6877) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

4-2-37 Oogami, Ayase-shi, Kanagawa, JPN, 252-1104

Website

http://www.obara-g.com

Obara Group Inc is a Japanese supplier of welding and polishing solutions. The company offers resistance welding systems for the automotive industry and arc welding tools for the shipbuilding and construction industries. The polishing business sells polishing machines under the SpeedFam brand primarily to electronic and precision industries, including the treatment of silicon wafers, mobile phones and personal computer electronics, flat panels, memory disks, and opto-electronic parts.

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