Tanaka Co (TSE:7619) Days Payable : 56.63 (As of Dec. 2023)

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What is Tanaka Co Days Payable?

Tanaka Co's average Accounts Payable for the three months ended in Dec. 2023 was 円6,196 Mil. Tanaka Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円9,984 Mil. Hence, Tanaka Co's Days Payable for the three months ended in Dec. 2023 was 56.63.

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

TSE:7619' s Days Payable Range Over the Past 10 Years
Min: 60.94 Med: 70.72 Max: 77.5
Current: 60.94

During the past 13 years, Tanaka Co's highest Days Payable was 77.50. The lowest was 60.94. And the median was 70.72.

TSE:7619's Days Payable is ranked worse than
57.25% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs TSE:7619: 60.94

Tanaka Co's Days Payable declined from Dec. 2022 (58.71) to Dec. 2023 (56.63). It may suggest that Tanaka Co accelerated paying its suppliers.

Tanaka Co Days Payable Historical Data

The historical data trend for Tanaka 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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Tanaka Co Days Payable Chart

Tanaka Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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76.63

72.78

72.93

68.62

70.90

Tanaka Co 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															58.71	60.83	69.51	54.77	56.63

Competitive Comparison of Tanaka Co's Days Payable

For the Electronics & Computer Distribution subindustry, Tanaka 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.

Tanaka Co's Days Payable Distribution in the Hardware Industry

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

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

Tanaka 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.

Tanaka Co's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (5389.373	+	6346.301)	/	2 )	/	30207.146	*	365
=	5867.837					/	30207.146	*	365
=	70.90

Tanaka Co'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
=	( (5599.831	+	6792.758)	/	2 )	/	9984.222	*	365 / 4
=	6196.2945					/	9984.222	*	365 / 4
=	56.63

Tanaka Co Days Payable Related Terms

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Tanaka Co (TSE:7619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tanaka Co Ltd (TSE:7619) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TDJ:Germany

Address

3 Chome-2-2 Minamioi, Shinagawa-ku, Tokyo, JPN, 140-0013

Website

http://www.tanakashoji.co.jp

Tanaka Co Ltd is a general trading company of electric construction material. The company has five major product lines, namely lighting fixtures, electric wire, distribution board, household appliances, and other. The lighting fixtures include fluorescent lighting equipment for residential use, facility use, and industrial use; incandescent lighting equipment for factories, street lamps, and tunnels; Electric wire products include communication cable, insulation cable for electric distribution and various accessories; Household appliances include home appliances, residential equipment, office equipment, photovoltaic generators; Other products include measuring equipment, power tool, and security equipment.

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