Maruichi Steel Tube (TSE:5463) Days Payable : 55.29 (As of Dec. 2023)

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What is Maruichi Steel Tube Days Payable?

Maruichi Steel Tube's average Accounts Payable for the three months ended in Dec. 2023 was 円33,488 Mil. Maruichi Steel Tube's Cost of Goods Sold for the three months ended in Dec. 2023 was 円55,266 Mil. Hence, Maruichi Steel Tube's Days Payable for the three months ended in Dec. 2023 was 55.29.

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

TSE:5463' s Days Payable Range Over the Past 10 Years
Min: 50.88 Med: 60.24 Max: 67.22
Current: 55.33

During the past 13 years, Maruichi Steel Tube's highest Days Payable was 67.22. The lowest was 50.88. And the median was 60.24.

TSE:5463's Days Payable is ranked better than
61.05% of 588 companies
in the Steel industry
Industry Median: 41.41 vs TSE:5463: 55.33

Maruichi Steel Tube's Days Payable increased from Dec. 2022 (54.80) to Dec. 2023 (55.29). It may suggest that Maruichi Steel Tube delayed paying its suppliers.

Maruichi Steel Tube Days Payable Historical Data

The historical data trend for Maruichi Steel Tube'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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Maruichi Steel Tube Days Payable Chart

Maruichi Steel Tube Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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59.61

64.01

60.86

54.99

53.65

Maruichi Steel Tube 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															55.36	58.13	58.29	55.29	51.48

Competitive Comparison of Maruichi Steel Tube's Days Payable

For the Steel subindustry, Maruichi Steel Tube'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.

Maruichi Steel Tube's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maruichi Steel Tube's Days Payable distribution charts can be found below:

* The bar in red indicates where Maruichi Steel Tube's Days Payable falls into.

Maruichi Steel Tube 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.

Maruichi Steel Tube'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
=	( (33832	+	30204)	/	2 )	/	217813	*	365
=	32018					/	217813	*	365
=	53.65

Maruichi Steel Tube'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
=	( (34399	+	32576)	/	2 )	/	55266	*	365 / 4
=	33487.5					/	55266	*	365 / 4
=	55.29

Maruichi Steel Tube Days Payable Related Terms

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Maruichi Steel Tube (TSE:5463) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maruichi Steel Tube Ltd (TSE:5463) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

29th Floor, Nambaskyo, 1-60, 5, Chome, Namba, Chuo-ku, Osaka, JPN, 542-0076

Website

http://www.maruichikokan.co.jp

Maruichi Steel Tube Ltd is a Japan-based company that manufactures and sells steel tube and steel sheet coating. Japan, North America, and Asia excluding Japan are the three largest markets for the company. The company's product portfolio includes welded steel tubes, hot-dip galvanized steel sheet, lighting poles, and prepainted steel sheet. Its products are used in architecture, civil engineering, machinery, power generation plants, automobiles, motor cycles, medical equipment, fitness machines, office automation equipment, office and educational furniture, and others. It has plants across North America and Asia.

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