Takadakiko (Steel Construction) Co (TSE:5923) Days Payable : 34.66 (As of Dec. 2023)

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What is Takadakiko (Steel Construction) Co Days Payable?

Takadakiko (Steel Construction) Co's average Accounts Payable for the three months ended in Dec. 2023 was 円1,784 Mil. Takadakiko (Steel Construction) Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,696 Mil. Hence, Takadakiko (Steel Construction) Co's Days Payable for the three months ended in Dec. 2023 was 34.66.

The historical rank and industry rank for Takadakiko (Steel Construction) Co's Days Payable or its related term are showing as below:

TSE:5923' s Days Payable Range Over the Past 10 Years
Min: 32.15 Med: 63.18 Max: 93.05
Current: 40.46

During the past 13 years, Takadakiko (Steel Construction) Co's highest Days Payable was 93.05. The lowest was 32.15. And the median was 63.18.

TSE:5923's Days Payable is ranked worse than
79.18% of 1604 companies
in the Construction industry
Industry Median: 74.965 vs TSE:5923: 40.46

Takadakiko (Steel Construction) Co's Days Payable declined from Dec. 2022 (36.38) to Dec. 2023 (34.66). It may suggest that Takadakiko (Steel Construction) Co accelerated paying its suppliers.

Takadakiko (Steel Construction) Co Days Payable Historical Data

The historical data trend for Takadakiko (Steel Construction) 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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Takadakiko (Steel Construction) Co Days Payable Chart

Takadakiko (Steel Construction) Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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85.61

77.18

88.81

64.72

46.51

Takadakiko (Steel Construction) 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															36.38	42.40	46.32	38.71	34.66

Competitive Comparison of Takadakiko (Steel Construction) Co's Days Payable

For the Engineering & Construction subindustry, Takadakiko (Steel Construction) 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.

Takadakiko (Steel Construction) Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Takadakiko (Steel Construction) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Takadakiko (Steel Construction) Co's Days Payable falls into.

Takadakiko (Steel Construction) 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.

Takadakiko (Steel Construction) 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
=	( (1649.645	+	1974.207)	/	2 )	/	14219.143	*	365
=	1811.926					/	14219.143	*	365
=	46.51

Takadakiko (Steel Construction) 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
=	( (1615.791	+	1951.631)	/	2 )	/	4696.326	*	365 / 4
=	1783.711					/	4696.326	*	365 / 4
=	34.66

Takadakiko (Steel Construction) Co Days Payable Related Terms

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Takadakiko (Steel Construction) Co (TSE:5923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Takadakiko (Steel Construction) Co Ltd (TSE:5923) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-70 Nanbanaka, 2-Chome, Naniwa-Ku, Osaka, JPN, 556-0011

Website

http://www.takadakiko.com

Takada Kiko Co Ltd is engaged in the designing, manufacturing, and installation of steel bridges, building construction, school gymnasiums, and installation work on upper part of steel bridge, pavement, work, signs, and protective fences.

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