Sumitomo Chemical Co (Sumitomo Chemical Co) Days Payable : 99.55 (As of Dec. 2023)

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What is Sumitomo Chemical Co Days Payable?

Sumitomo Chemical Co's average Accounts Payable for the three months ended in Dec. 2023 was $3,509 Mil. Sumitomo Chemical Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,217 Mil. Hence, Sumitomo Chemical Co's Days Payable for the three months ended in Dec. 2023 was 99.55.

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

SOMMF' s Days Payable Range Over the Past 10 Years
Min: 58.54 Med: 107.04 Max: 115.46
Current: 100.7

During the past 13 years, Sumitomo Chemical Co's highest Days Payable was 115.46. The lowest was 58.54. And the median was 107.04.

SOMMF's Days Payable is ranked better than
75.86% of 1504 companies
in the Chemicals industry
Industry Median: 60.76 vs SOMMF: 100.70

Sumitomo Chemical Co's Days Payable declined from Dec. 2022 (101.27) to Dec. 2023 (99.55). It may suggest that Sumitomo Chemical Co accelerated paying its suppliers.

Sumitomo Chemical Co Days Payable Historical Data

The historical data trend for Sumitomo Chemical 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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Sumitomo Chemical Co Days Payable Chart

Sumitomo Chemical Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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114.98

108.59

115.96

108.26

100.09

Sumitomo Chemical 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															101.27	95.70	113.07	99.45	99.55

Competitive Comparison of Sumitomo Chemical Co's Days Payable

For the Chemicals subindustry, Sumitomo Chemical 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.

Sumitomo Chemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sumitomo Chemical Co's Days Payable distribution charts can be found below:

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

Sumitomo Chemical 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.

Sumitomo Chemical 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
=	( (4651.671	+	3859.407)	/	2 )	/	15519.155	*	365
=	4255.539					/	15519.155	*	365
=	100.09

Sumitomo Chemical 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
=	( (3571.504	+	3447.283)	/	2 )	/	3216.795	*	365 / 4
=	3509.3935					/	3216.795	*	365 / 4
=	99.55

Sumitomo Chemical Co Days Payable Related Terms

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Sumitomo Chemical Co (Sumitomo Chemical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sumitomo Chemical Co Ltd (OTCPK:SOMMF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SOMMY:USA 4005:Japan SMM:Germany

Address

27-1, Shinkawa 2-chome, Chuo-ku, Tokyo, JPN, 104-8260

Website

http://www.sumitomo-chem.co.jp

Sumitomo Chemical Co Ltd manufactures and sells chemicals and chemical-based products. The firm is organized into six segments by product type. The petrochemicals and plastics segment, which generates more revenue than any other segment, sells multiple products including propylene and polypropylene used in automobile seat cushions and interior panels. The pharmaceutical segment sells medicine to treat diabetes, neurology, cancer, and infectious diseases. The IT-related chemicals segment sells compound semiconductors and polarizing films used in LCD displays for TVs and smartphones. The other three segments are health and crop sciences; energy and functional materials; and "others." The majority of revenue comes from Japan and China.

Sumitomo Chemical Co (Sumitomo Chemical Co) Headlines

From GuruFocus

Sumitomo Chemical Co Stock Is Estimated To Be Modestly Overvalued

By GF Value GF Value • 04-15-2021