Tokai Holdings (TSE:3167) Days Payable : 42.95 (As of Mar. 2024)

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What is Tokai Holdings Days Payable?

Tokai Holdings's average Accounts Payable for the three months ended in Mar. 2024 was 円19,163 Mil. Tokai Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was 円40,713 Mil. Hence, Tokai Holdings's Days Payable for the three months ended in Mar. 2024 was 42.95.

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

TSE:3167' s Days Payable Range Over the Past 10 Years
Min: 41.77 Med: 48.81 Max: 52.21
Current: 46.17

During the past 13 years, Tokai Holdings's highest Days Payable was 52.21. The lowest was 41.77. And the median was 48.81.

TSE:3167's Days Payable is ranked worse than
63.19% of 470 companies
in the Conglomerates industry
Industry Median: 58.265 vs TSE:3167: 46.17

Tokai Holdings's Days Payable declined from Mar. 2023 (43.15) to Mar. 2024 (42.95). It may suggest that Tokai Holdings accelerated paying its suppliers.

Tokai Holdings Days Payable Historical Data

The historical data trend for Tokai Holdings'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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Tokai Holdings Days Payable Chart

Tokai Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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47.02

51.71

52.21

48.71

51.09

Tokai Holdings 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															43.15	48.56	46.10	42.85	42.95

Competitive Comparison of Tokai Holdings's Days Payable

For the Conglomerates subindustry, Tokai Holdings'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.

Tokai Holdings's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tokai Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Tokai Holdings's Days Payable falls into.

Tokai Holdings 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.

Tokai Holdings's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (19801	+	19825)	/	2 )	/	141562	*	365
=	19813					/	141562	*	365
=	51.09

Tokai Holdings's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (18500	+	19825)	/	2 )	/	40713	*	365 / 4
=	19162.5					/	40713	*	365 / 4
=	42.95

Tokai Holdings Days Payable Related Terms

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Tokai Holdings (TSE:3167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tokai Holdings Corp (TSE:3167) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-6-8, Tokiwa-Cho, Aoi-ku, Shizuoka Prefecture, Shizuoka, JPN, 5008828

Website

http://www.tokaiholdings.co.jp

Tokai Holdings Corp is engaged in miscellaneous business operations. The scope of its activities includes energy, residential real estate and cable television. The energy business relates to the sale of liquefied petroleum gas, liquefied natural gas, oil products, high-pressure gas such as oxygen and nitrogen. The real estate division is responsible for the construction and design of residential buildings and stores. The communication division is engaged in software development, information processing service, optical fiber leasing, data transmission, and the sale of asymmetric digital subscriber line.

Tokai Holdings (TSE:3167) Headlines

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