Aichi (TSE:6345) Days Payable : 83.24 (As of Dec. 2023)

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What is Aichi Days Payable?

Aichi's average Accounts Payable for the three months ended in Dec. 2023 was 円8,620 Mil. Aichi's Cost of Goods Sold for the three months ended in Dec. 2023 was 円9,449 Mil. Hence, Aichi's Days Payable for the three months ended in Dec. 2023 was 83.24.

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

TSE:6345' s Days Payable Range Over the Past 10 Years
Min: 72.36 Med: 77.73 Max: 113.86
Current: 77.24

During the past 13 years, Aichi's highest Days Payable was 113.86. The lowest was 72.36. And the median was 77.73.

TSE:6345's Days Payable is ranked better than
52.43% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.475 vs TSE:6345: 77.24

Aichi's Days Payable increased from Dec. 2022 (80.06) to Dec. 2023 (83.24). It may suggest that Aichi delayed paying its suppliers.

Aichi Days Payable Historical Data

The historical data trend for Aichi'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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Aichi Days Payable Chart

Aichi Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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74.67

73.01

77.69

72.36

77.77

Aichi 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															56.33	102.63	63.15	83.24	67.91

Competitive Comparison of Aichi's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Aichi'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.

Aichi's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Aichi's Days Payable distribution charts can be found below:

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

Aichi 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.

Aichi'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
=	( (10248.973	+	7372.886)	/	2 )	/	41350.075	*	365
=	8810.9295					/	41350.075	*	365
=	77.77

Aichi'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
=	( (8544.28	+	8695.061)	/	2 )	/	9449.472	*	365 / 4
=	8619.6705					/	9449.472	*	365 / 4
=	83.24

Aichi Days Payable Related Terms

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Aichi (TSE:6345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Aichi Corp (TSE:6345) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1152-10 Ryoke, Saitama, Ageo-shi, JPN, 362-8550

Website

http://www.aichi-corp.co.jp

Aichi Corp is a Japan-based engaged in the manufacturing and selling of vehicles for electric utilities and telecommunications, and other vehicles for construction, cargo handling, shipbuilding, and railroad industries. The company's main products include Aerial work platforms, digger derricks, vehicles for the electric utilities, telecommunications, construction, shipbuilding and rail industries, and other specialized vehicles.

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