Kitagawa (TSE:6317) Days Payable : 30.34 (As of Dec. 2023)

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What is Kitagawa Days Payable?

Kitagawa's average Accounts Payable for the three months ended in Dec. 2023 was 円4,505 Mil. Kitagawa's Cost of Goods Sold for the three months ended in Dec. 2023 was 円13,547 Mil. Hence, Kitagawa's Days Payable for the three months ended in Dec. 2023 was 30.34.

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

TSE:6317' s Days Payable Range Over the Past 10 Years
Min: 32.74 Med: 51.62 Max: 79.91
Current: 32.74

During the past 13 years, Kitagawa's highest Days Payable was 79.91. The lowest was 32.74. And the median was 51.62.

TSE:6317's Days Payable is ranked worse than
87.03% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs TSE:6317: 32.74

Kitagawa's Days Payable declined from Dec. 2022 (35.46) to Dec. 2023 (30.34). It may suggest that Kitagawa accelerated paying its suppliers.

Kitagawa Days Payable Historical Data

The historical data trend for Kitagawa'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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Kitagawa Days Payable Chart

Kitagawa Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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43.01

40.96

41.71

36.28

36.74

Kitagawa 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															35.46	31.23	38.99	32.02	30.34

Competitive Comparison of Kitagawa's Days Payable

For the Specialty Industrial Machinery subindustry, Kitagawa'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.

Kitagawa's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kitagawa's Days Payable distribution charts can be found below:

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

Kitagawa 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.

Kitagawa'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
=	( (5394	+	5314)	/	2 )	/	53191	*	365
=	5354					/	53191	*	365
=	36.74

Kitagawa'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
=	( (4559	+	4451)	/	2 )	/	13547	*	365 / 4
=	4505					/	13547	*	365 / 4
=	30.34

Kitagawa Days Payable Related Terms

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Kitagawa (TSE:6317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kitagawa Corp (TSE:6317) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-1 Motomachi, Fuchu-shi, Hiroshima, JPN, 726-8610

Website

https://www.kitagawa.com

Kitagawa Corp is the diversified machinery manufacturing company based in Japan. It is specialised in three core businesses: the production and development of casting and machining techniques of metal raw materials; supplying power chucks and numerically controlled rotary tables to the global machine tool industry; constructing custom-made concrete and recycling plants as well as providing construction machinery for various projects, including bridge erection and self-propelled multi-floor parking. The company has an operational presence across the United Kingdom, the United States of America, China, Taiwan, Australia, Germany and other regions.

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