Takasago Thermal Engineering Co (TSE:1969) Days Payable : 62.22 (As of Dec. 2023)

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What is Takasago Thermal Engineering Co Days Payable?

Takasago Thermal Engineering Co's average Accounts Payable for the three months ended in Dec. 2023 was 円54,337 Mil. Takasago Thermal Engineering Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円79,688 Mil. Hence, Takasago Thermal Engineering Co's Days Payable for the three months ended in Dec. 2023 was 62.22.

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

TSE:1969' s Days Payable Range Over the Past 10 Years
Min: 67.61 Med: 88.06 Max: 107.31
Current: 67.61

During the past 13 years, Takasago Thermal Engineering Co's highest Days Payable was 107.31. The lowest was 67.61. And the median was 88.06.

TSE:1969's Days Payable is ranked worse than
54.98% of 1606 companies
in the Construction industry
Industry Median: 73.815 vs TSE:1969: 67.61

Takasago Thermal Engineering Co's Days Payable declined from Dec. 2022 (66.44) to Dec. 2023 (62.22). It may suggest that Takasago Thermal Engineering Co accelerated paying its suppliers.

Takasago Thermal Engineering Co Days Payable Historical Data

The historical data trend for Takasago Thermal Engineering 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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Takasago Thermal Engineering Co Days Payable Chart

Takasago Thermal Engineering Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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87.05

87.09

89.02

83.36

80.68

Takasago Thermal Engineering 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															66.44	65.53	78.03	66.53	62.22

Competitive Comparison of Takasago Thermal Engineering Co's Days Payable

For the Building Products & Equipment subindustry, Takasago Thermal Engineering 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.

Takasago Thermal Engineering Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Takasago Thermal Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Takasago Thermal Engineering Co's Days Payable falls into.

Takasago Thermal Engineering 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.

Takasago Thermal Engineering 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
=	( (65049	+	64252)	/	2 )	/	292468	*	365
=	64650.5					/	292468	*	365
=	80.68

Takasago Thermal Engineering 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
=	( (53177	+	55496)	/	2 )	/	79688	*	365 / 4
=	54336.5					/	79688	*	365 / 4
=	62.22

Takasago Thermal Engineering Co Days Payable Related Terms

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Takasago Thermal Engineering Co (TSE:1969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Takasago Thermal Engineering Co Ltd (TSE:1969) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

6-27-30, Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

http://www.tte-net.co.jp

Takasago Thermal Engineering is a Japan-based company that designs, constructs, manufactures, and installs heating, ventilation, and air conditioning, or HVAC, systems, clean room and related systems, plumbing and sanitation systems, cogeneration systems, electrical systems, instrumentation systems, equipment diagnosis/failure diagnosis systems, dehumidifying/drying systems, vacuum conveying systems for waste, discharged-heat recovery systems, heating/cooling systems, refrigerating/freezing systems, other types of environmental control systems and thermal engineering systems, and so on. In addition, the company is engaged in coordinating construction work, security, and cleaning, with further focuses on energy supply, power generation, and water treatment.

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