Kitac (TSE:4707) Days Payable : 24.36 (As of Jan. 2024)

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What is Kitac Days Payable?

Kitac's average Accounts Payable for the three months ended in Jan. 2024 was 円132 Mil. Kitac's Cost of Goods Sold for the three months ended in Jan. 2024 was 円495 Mil. Hence, Kitac's Days Payable for the three months ended in Jan. 2024 was 24.36.

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

TSE:4707' s Days Payable Range Over the Past 10 Years
Min: 16.06 Med: 26.82 Max: 58.18
Current: 18.67

During the past 13 years, Kitac's highest Days Payable was 58.18. The lowest was 16.06. And the median was 26.82.

TSE:4707's Days Payable is ranked worse than
95.95% of 1604 companies
in the Construction industry
Industry Median: 74.31 vs TSE:4707: 18.67

Kitac's Days Payable increased from Jan. 2023 (21.23) to Jan. 2024 (24.36). It may suggest that Kitac delayed paying its suppliers.

Kitac Days Payable Historical Data

The historical data trend for Kitac'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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Kitac Days Payable Chart

Kitac Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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16.83

16.06

17.92

22.09

31.54

Kitac Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															21.23	17.15	12.00	20.45	24.36

Competitive Comparison of Kitac's Days Payable

For the Engineering & Construction subindustry, Kitac'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.

Kitac's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kitac's Days Payable distribution charts can be found below:

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

Kitac 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.

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

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (147.403	+	183.556)	/	2 )	/	1915.198	*	365
=	165.4795					/	1915.198	*	365
=	31.54

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

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (183.556	+	80.594)	/	2 )	/	494.748	*	365 / 4
=	132.075					/	494.748	*	365 / 4
=	24.36

Kitac Days Payable Related Terms

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Kitac (TSE:4707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kitac Corp (TSE:4707) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-2 Shinkocho, Chuo-ku, Niigata, JPN, 950-0965

Website

https://www.kitac.co.jp

Kitac Corp is engaged in offering business services. The services offered by the company include geological survey analysis and evaluation, environmental survey and analysis, civil engineering, construction management, and structure maintenance, and regional planning.

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