CTS Co (TSE:4345) Days Payable : 38.72 (As of Dec. 2023)

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What is CTS Co Days Payable?

CTS Co's average Accounts Payable for the three months ended in Dec. 2023 was 円552 Mil. CTS Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,301 Mil. Hence, CTS Co's Days Payable for the three months ended in Dec. 2023 was 38.72.

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

TSE:4345' s Days Payable Range Over the Past 10 Years
Min: 32.03 Med: 45.14 Max: 92.55
Current: 34.8

During the past 13 years, CTS Co's highest Days Payable was 92.55. The lowest was 32.03. And the median was 45.14.

TSE:4345's Days Payable is ranked worse than
62.27% of 925 companies
in the Business Services industry
Industry Median: 47.75 vs TSE:4345: 34.80

CTS Co's Days Payable increased from Dec. 2022 (33.53) to Dec. 2023 (38.72). It may suggest that CTS Co delayed paying its suppliers.

CTS Co Days Payable Historical Data

The historical data trend for CTS 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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CTS Co Days Payable Chart

CTS Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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92.55

45.41

33.23

32.87

32.03

CTS 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															33.53	35.64	30.53	39.05	38.72

Competitive Comparison of CTS Co's Days Payable

For the Rental & Leasing Services subindustry, CTS 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.

CTS Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CTS Co's Days Payable distribution charts can be found below:

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

CTS 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.

CTS 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
=	( (458	+	481)	/	2 )	/	5350	*	365
=	469.5					/	5350	*	365
=	32.03

CTS 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
=	( (746	+	358)	/	2 )	/	1301	*	365 / 4
=	552					/	1301	*	365 / 4
=	38.72

CTS Co Days Payable Related Terms

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CTS Co (TSE:4345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CTS Co Ltd (TSE:4345) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Kuriyasu, Nagano Prefecture, Ueda, JPN

Website

http://www.cts-h.co.jp

CTS Co Ltd is engaged in construction ICT, system business, survey measurement business, house furniture business and environmental safety business. The company offers products and services on rental basis specialized in the industry such as system equipment and communication lines. Its product offerings include cloud solution, color multi-function machine, inkjet printer, network cameras, personal computers equipped with functions suitable for the application, focusing on business models, among others.

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