Mitsubishi Chemical Group (TSE:4188) Days Payable : 54.96 (As of Dec. 2023)

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What is Mitsubishi Chemical Group Days Payable?

Mitsubishi Chemical Group's average Accounts Payable for the three months ended in Dec. 2023 was 円482,781 Mil. Mitsubishi Chemical Group's Cost of Goods Sold for the three months ended in Dec. 2023 was 円801,561 Mil. Hence, Mitsubishi Chemical Group's Days Payable for the three months ended in Dec. 2023 was 54.96.

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

TSE:4188' s Days Payable Range Over the Past 10 Years
Min: 51.78 Med: 61.11 Max: 64.93
Current: 55.13

During the past 13 years, Mitsubishi Chemical Group's highest Days Payable was 64.93. The lowest was 51.78. And the median was 61.11.

TSE:4188's Days Payable is ranked worse than
56.43% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs TSE:4188: 55.13

Mitsubishi Chemical Group's Days Payable declined from Dec. 2022 (55.98) to Dec. 2023 (54.96). It may suggest that Mitsubishi Chemical Group accelerated paying its suppliers.

Mitsubishi Chemical Group Days Payable Historical Data

The historical data trend for Mitsubishi Chemical Group'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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Mitsubishi Chemical Group Days Payable Chart

Mitsubishi Chemical Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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64.73

62.67

61.09

55.42

51.78

Mitsubishi Chemical Group 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															55.98	54.33	54.41	55.07	54.96

Competitive Comparison of Mitsubishi Chemical Group's Days Payable

For the Specialty Chemicals subindustry, Mitsubishi Chemical Group'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.

Mitsubishi Chemical Group's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Mitsubishi Chemical Group's Days Payable falls into.

Mitsubishi Chemical Group 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.

Mitsubishi Chemical Group'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
=	( (486874	+	476311)	/	2 )	/	3395045	*	365
=	481592.5					/	3395045	*	365
=	51.78

Mitsubishi Chemical Group'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
=	( (487195	+	478367)	/	2 )	/	801561	*	365 / 4
=	482781					/	801561	*	365 / 4
=	54.96

Mitsubishi Chemical Group Days Payable Related Terms

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Mitsubishi Chemical Group (TSE:4188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Chemical Group Corp (TSE:4188) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MTLHY:USA MTLHF:USA M3C:Germany

Address

1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8251

Website

https://www.mcgc.com

Mitsubishi Chemical Group Corp is a holdings company, which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into three segments based on product. The Industrial Materials segment, which generates the majority of revenue, sells chemicals and polymers, including industrial gases, petrochemicals, thermoplastics, polyethylene, and polypropylene. The Performance Products segment sells electronics and designed materials, including LED lighting and equipment, specialty chemicals, polyester and industrial films, and fibers. The Health Care segment sells pharmaceuticals to treat autoimmune diseases, diabetes and kidney diseases, central nervous system treatments, and vaccines. The majority of revenue comes from Japan.

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