Tsubakimoto Chain Co (TSE:6371) Days Payable : 38.76 (As of Dec. 2023)

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What is Tsubakimoto Chain Co Days Payable?

Tsubakimoto Chain Co's average Accounts Payable for the three months ended in Dec. 2023 was 円20,427 Mil. Tsubakimoto Chain Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円48,093 Mil. Hence, Tsubakimoto Chain Co's Days Payable for the three months ended in Dec. 2023 was 38.76.

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

TSE:6371' s Days Payable Range Over the Past 10 Years
Min: 38.88 Med: 51.15 Max: 74.89
Current: 38.91

During the past 13 years, Tsubakimoto Chain Co's highest Days Payable was 74.89. The lowest was 38.88. And the median was 51.15.

TSE:6371's Days Payable is ranked worse than
80.83% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs TSE:6371: 38.91

Tsubakimoto Chain Co's Days Payable declined from Dec. 2022 (41.47) to Dec. 2023 (38.76). It may suggest that Tsubakimoto Chain Co accelerated paying its suppliers.

Tsubakimoto Chain Co Days Payable Historical Data

The historical data trend for Tsubakimoto Chain 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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Tsubakimoto Chain Co Days Payable Chart

Tsubakimoto Chain Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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46.18

41.37

42.89

42.30

38.88

Tsubakimoto Chain 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															41.47	37.50	40.81	37.63	38.76

Competitive Comparison of Tsubakimoto Chain Co's Days Payable

For the Specialty Industrial Machinery subindustry, Tsubakimoto Chain 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.

Tsubakimoto Chain Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Tsubakimoto Chain Co's Days Payable falls into.

Tsubakimoto Chain 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.

Tsubakimoto Chain 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
=	( (18610	+	19810)	/	2 )	/	180321	*	365
=	19210					/	180321	*	365
=	38.88

Tsubakimoto Chain 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
=	( (20535	+	20318)	/	2 )	/	48093	*	365 / 4
=	20426.5					/	48093	*	365 / 4
=	38.76

Tsubakimoto Chain Co Days Payable Related Terms

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Tsubakimoto Chain Co (TSE:6371) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tsubakimoto Chain Co (TSE:6371) » Definitions » Days Payable

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Traded in Other Exchanges

TSB:Germany

Address

Nakanoshima Mitsui Building, 6F, 3-3-3, Nakanoshima, Kita-ku, Osaka, JPN, 530-0005

Website

http://www.tsubakimoto.jp

Tsubakimoto Chain Co. is a Japan-based company that is engaged in manufacturing and sales of various variable speed drives, handling equipment and other related products and services. The company operates through four divisions. The Chain operation supplies chain products, including drive chains and conveyor chains. The Automotive Parts operation provides automotive timing drive systems, timing belts, long belts and others. The Power Transmission Unites and Component operation provides reducers, variable speed drives, motion control units and others. The Materials Handling Systems operation supplies sorting systems, conveyance systems, storage and picking systems and others. The company generates most of its revenue from Japan, America and Europe.

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