T.RAD Co (TSE:7236) Days Payable : 36.35 (As of Dec. 2023)

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What is T.RAD Co Days Payable?

T.RAD Co's average Accounts Payable for the three months ended in Dec. 2023 was 円15,170 Mil. T.RAD Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円38,084 Mil. Hence, T.RAD Co's Days Payable for the three months ended in Dec. 2023 was 36.35.

The historical rank and industry rank for T.RAD Co's Days Payable or its related term are showing as below:

TSE:7236' s Days Payable Range Over the Past 10 Years
Min: 36.99 Med: 43.07 Max: 52.05
Current: 38.87

During the past 13 years, T.RAD Co's highest Days Payable was 52.05. The lowest was 36.99. And the median was 43.07.

TSE:7236's Days Payable is ranked worse than
77.27% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs TSE:7236: 38.87

T.RAD Co's Days Payable declined from Dec. 2022 (37.89) to Dec. 2023 (36.35). It may suggest that T.RAD Co accelerated paying its suppliers.

T.RAD Co Days Payable Historical Data

The historical data trend for T.RAD 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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T.RAD Co Days Payable Chart

T.RAD Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

43.03

41.21

45.04

41.69

36.99

T.RAD 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															37.89	45.35	37.34	35.73	36.35

Competitive Comparison of T.RAD Co's Days Payable

For the Auto Parts subindustry, T.RAD 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.

T.RAD Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, T.RAD Co's Days Payable distribution charts can be found below:

* The bar in red indicates where T.RAD Co's Days Payable falls into.

T.RAD 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.

T.RAD 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
=	( (13994	+	13886)	/	2 )	/	137558	*	365
=	13940					/	137558	*	365
=	36.99

T.RAD 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
=	( (14927	+	15412)	/	2 )	/	38084	*	365 / 4
=	15169.5					/	38084	*	365 / 4
=	36.35

T.RAD Co Days Payable Related Terms

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T.RAD Co (TSE:7236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » T.RAD Co Ltd (TSE:7236) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aioi Insurance Shinjyuku Bldg., 3-25-3,Yoyogi, Shibuya-ku, Tokyo, JPN, 151-0053

Website

http://www.trad.co.jp

T.RAD Co Ltd engages in manufacture and sale of automobile parts and other machinery. Its services include the manufacturing and marketing of heat exchangers for automobiles, construction, and industrial machines, air conditioners, distributed generators, parts for automobiles, environment-related equipment, and others. The firm's main products consist of radiators, oil coolers, EGR coolers, intercoolers, recuperators, fin coils for air conditioners, and other heat exchangers.

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