Sumitomo Heavy Industries (Sumitomo Heavy Industries) Days Payable : 69.89 (As of Dec. 2023)

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What is Sumitomo Heavy Industries Days Payable?

Sumitomo Heavy Industries's average Accounts Payable for the three months ended in Dec. 2023 was $1,257 Mil. Sumitomo Heavy Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,642 Mil. Hence, Sumitomo Heavy Industries's Days Payable for the three months ended in Dec. 2023 was 69.89.

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

SOHVY' s Days Payable Range Over the Past 10 Years
Min: 76.25 Med: 93.92 Max: 102.03
Current: 81.05

During the past 13 years, Sumitomo Heavy Industries's highest Days Payable was 102.03. The lowest was 76.25. And the median was 93.92.

SOHVY's Days Payable is ranked better than
53.26% of 2927 companies
in the Industrial Products industry
Industry Median: 76.28 vs SOHVY: 81.05

Sumitomo Heavy Industries's Days Payable increased from Dec. 2022 (68.14) to Dec. 2023 (69.89). It may suggest that Sumitomo Heavy Industries delayed paying its suppliers.

Sumitomo Heavy Industries Days Payable Historical Data

The historical data trend for Sumitomo Heavy Industries'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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Sumitomo Heavy Industries Days Payable Chart

Sumitomo Heavy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Dec23

Days Payable

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100.36

92.77

88.08

86.62

92.59

Sumitomo Heavy Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															86.98	85.24	87.72	69.89	90.25

Competitive Comparison of Sumitomo Heavy Industries's Days Payable

For the Specialty Industrial Machinery subindustry, Sumitomo Heavy Industries'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.

Sumitomo Heavy Industries's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Sumitomo Heavy Industries's Days Payable falls into.

Sumitomo Heavy Industries 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.

Sumitomo Heavy Industries'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: Mar. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1455.716	+	0)	/	1 )	/	5738.835	*	365
=	1455.716					/	5738.835	*	365
=	92.59

Sumitomo Heavy Industries'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
=	( (1258.927	+	1255.87)	/	2 )	/	1641.711	*	365 / 4
=	1257.3985					/	1641.711	*	365 / 4
=	69.89

Sumitomo Heavy Industries Days Payable Related Terms

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Sumitomo Heavy Industries (Sumitomo Heavy Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sumitomo Heavy Industries Ltd (OTCPK:SOHVY) » Definitions » Days Payable

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Traded in Other Exchanges

6302:Japan

Address

ThinkPark Tower, 1-1 Osaki 2-chome, Shinagawa-ku, Tokyo, JPN, 141-6025

Website

http://www.shi.co.jp

Sumitomo Heavy Industries Ltd develops and manufactures a range of industrial machinery, from gearboxes to ships and large-scale plants. It offers power transmission and control systems, molding machinery, mobile cranes, turbines, and other industrial systems to optimize production. The company has six operating segments: machinery components, precision machinery, construction machinery, industrial machinery, ships, and environmental facilities and plants. Its segments collaborate, utilize research and development, and look for synergies to create new technologies or build on existing components. Japan accounts for approximately half of total revenue, with the remainder split between the United States, China, and other areas.