Kyokuto Kaihatsu Kogyo Co (TSE:7226) Days Payable : 31.25 (As of Dec. 2023)

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What is Kyokuto Kaihatsu Kogyo Co Days Payable?

Kyokuto Kaihatsu Kogyo Co's average Accounts Payable for the three months ended in Dec. 2023 was 円8,897 Mil. Kyokuto Kaihatsu Kogyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円25,980 Mil. Hence, Kyokuto Kaihatsu Kogyo Co's Days Payable for the three months ended in Dec. 2023 was 31.25.

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

TSE:7226' s Days Payable Range Over the Past 10 Years
Min: 33.55 Med: 67.47 Max: 103.11
Current: 33.55

During the past 13 years, Kyokuto Kaihatsu Kogyo Co's highest Days Payable was 103.11. The lowest was 33.55. And the median was 67.47.

TSE:7226's Days Payable is ranked worse than
92.23% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.475 vs TSE:7226: 33.55

Kyokuto Kaihatsu Kogyo Co's Days Payable declined from Dec. 2022 (48.48) to Dec. 2023 (31.25). It may suggest that Kyokuto Kaihatsu Kogyo Co accelerated paying its suppliers.

Kyokuto Kaihatsu Kogyo Co Days Payable Historical Data

The historical data trend for Kyokuto Kaihatsu Kogyo 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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Kyokuto Kaihatsu Kogyo Co Days Payable Chart

Kyokuto Kaihatsu Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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67.88

62.63

63.17

59.67

45.82

Kyokuto Kaihatsu Kogyo 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															48.48	31.02	41.68	31.68	31.25

Competitive Comparison of Kyokuto Kaihatsu Kogyo Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Kyokuto Kaihatsu Kogyo 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.

Kyokuto Kaihatsu Kogyo Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

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

* The bar in red indicates where Kyokuto Kaihatsu Kogyo Co's Days Payable falls into.

Kyokuto Kaihatsu Kogyo 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.

Kyokuto Kaihatsu Kogyo 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
=	( (14756	+	9618)	/	2 )	/	97082	*	365
=	12187					/	97082	*	365
=	45.82

Kyokuto Kaihatsu Kogyo 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
=	( (8749	+	9045)	/	2 )	/	25980	*	365 / 4
=	8897					/	25980	*	365 / 4
=	31.25

Kyokuto Kaihatsu Kogyo Co Days Payable Related Terms

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Kyokuto Kaihatsu Kogyo Co (TSE:7226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Kyokuto Kaihatsu Kogyo Co Ltd (TSE:7226) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-1-45 Koshienguchi, Nishinomiya, JPN, 663-8545

Website

http://www.kyokuto.com

Kyokuto Kaihatsu Kogyo Co., Ltd. Is a Japan-based company which is various lines of business including specialty truck business, environmental equipment and systems and real estate rental business. It operates is business in three reportable segments namely Specialty truck business, Environmental equipment and systems business and Real estate rental business. Specialty truck business manufactures and distributes specialty trucks such as dump trucks, tailgate lifters, tank trucks, refuse trucks and trailers. Environmental equipment and systems business manufactures and distributes recycle facilities, including maintenance and consignment business. Real estate rental business manufactures multistory parking equipment and offers operating services and real estate rental services.

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