Kurotani (TSE:3168) Days Payable : 12.18 (As of Feb. 2024)

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What is Kurotani Days Payable?

Kurotani's average Accounts Payable for the three months ended in Feb. 2024 was 円2,283 Mil. Kurotani's Cost of Goods Sold for the three months ended in Feb. 2024 was 円17,100 Mil. Hence, Kurotani's Days Payable for the three months ended in Feb. 2024 was 12.18.

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

TSE:3168' s Days Payable Range Over the Past 10 Years
Min: 4.04 Med: 8.71 Max: 10.92
Current: 10.92

During the past 13 years, Kurotani's highest Days Payable was 10.92. The lowest was 4.04. And the median was 8.71.

TSE:3168's Days Payable is ranked worse than
96.82% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.695 vs TSE:3168: 10.92

Kurotani's Days Payable increased from Feb. 2023 (9.02) to Feb. 2024 (12.18). It may suggest that Kurotani delayed paying its suppliers.

Kurotani Days Payable Historical Data

The historical data trend for Kurotani'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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Kurotani Days Payable Chart

Kurotani Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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10.77

9.04

8.37

8.04

9.31

Kurotani Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															9.02	10.58	10.20	12.78	12.18

Competitive Comparison of Kurotani's Days Payable

For the Other Industrial Metals & Mining subindustry, Kurotani'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.

Kurotani's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Kurotani's Days Payable distribution charts can be found below:

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

Kurotani 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.

Kurotani's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (1916.389	+	2290.266)	/	2 )	/	82504.065	*	365
=	2103.3275					/	82504.065	*	365
=	9.31

Kurotani's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (2501.204	+	2064.75)	/	2 )	/	17099.726	*	365 / 4
=	2282.977					/	17099.726	*	365 / 4
=	12.18

Kurotani Days Payable Related Terms

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Kurotani (TSE:3168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kurotani Corp (TSE:3168) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12-2 Nagonoe, Imizu, Toyama, JPN, 934-0031

Website

http://www.kurotani.co.jp

Kurotani Corp is engaged in collecting, processing, manufacturing, and selling various metals in Japan. It recycles industrial materials and metal scraps, as well as produces base metals that are used as raw materials to manufacture electrical wires and semiconductor base plates. The company also manufactures and sells copper alloy ingots, which are used in marine propellers, plumbing hardware, valves, and industrial machinery parts; and produces and sells works of fine arts, miniature gold statues, and bronze Buddha statues.

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