Tachibana Eletech Co (TSE:8159) Days Payable : 109.39 (As of Dec. 2023)

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What is Tachibana Eletech Co Days Payable?

Tachibana Eletech Co's average Accounts Payable for the three months ended in Dec. 2023 was 円57,380 Mil. Tachibana Eletech Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円47,863 Mil. Hence, Tachibana Eletech Co's Days Payable for the three months ended in Dec. 2023 was 109.39.

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

TSE:8159' s Days Payable Range Over the Past 10 Years
Min: 82.77 Med: 89.63 Max: 100.4
Current: 100.4

During the past 13 years, Tachibana Eletech Co's highest Days Payable was 100.40. The lowest was 82.77. And the median was 89.63.

TSE:8159's Days Payable is ranked better than
71.38% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs TSE:8159: 100.40

Tachibana Eletech Co's Days Payable increased from Dec. 2022 (93.87) to Dec. 2023 (109.39). It may suggest that Tachibana Eletech Co delayed paying its suppliers.

Tachibana Eletech Co Days Payable Historical Data

The historical data trend for Tachibana Eletech 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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Tachibana Eletech Co Days Payable Chart

Tachibana Eletech Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

99.33

93.92

87.28

82.77

85.39

Tachibana Eletech 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															93.87	97.32	93.58	97.45	109.39

Competitive Comparison of Tachibana Eletech Co's Days Payable

For the Electronic Components subindustry, Tachibana Eletech 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.

Tachibana Eletech Co's Days Payable Distribution in the Hardware Industry

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

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

Tachibana Eletech 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.

Tachibana Eletech 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
=	( (42043	+	49833)	/	2 )	/	196365	*	365
=	45938					/	196365	*	365
=	85.39

Tachibana Eletech 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
=	( (59366	+	55393)	/	2 )	/	47863	*	365 / 4
=	57379.5					/	47863	*	365 / 4
=	109.39

Tachibana Eletech Co Days Payable Related Terms

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Tachibana Eletech Co (TSE:8159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tachibana Eletech Co Ltd (TSE:8159) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-13-25, Nishi-honmachi, Nishi-ku, Osaka, JPN, 550-8555

Website

http://www.tachibana.co.jp

Tachibana Eletech Co Ltd is a Japan based technology driven company engaged in the sale of factory automation systems. It operates in the segments of Factory automation systems business, Semiconductors and electronic devices business, and Building services systems business. The company derives a majority of the revenue from the Factory automation systems business, which involves products and services like programmable controllers, inverters, AC servos, various types of motors, power distribution control equipment and control devices, industrial robots, and other products. It has a business presence in Japan and various other countries.

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