Asahi Kagaku Kogyo Co (TSE:7928) Days Payable : 42.53 (As of Feb. 2024)

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What is Asahi Kagaku Kogyo Co Days Payable?

Asahi Kagaku Kogyo Co's average Accounts Payable for the three months ended in Feb. 2024 was 円767 Mil. Asahi Kagaku Kogyo Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円1,645 Mil. Hence, Asahi Kagaku Kogyo Co's Days Payable for the three months ended in Feb. 2024 was 42.53.

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

TSE:7928' s Days Payable Range Over the Past 10 Years
Min: 37.54 Med: 40.51 Max: 45.94
Current: 37.84

During the past 13 years, Asahi Kagaku Kogyo Co's highest Days Payable was 45.94. The lowest was 37.54. And the median was 40.51.

TSE:7928's Days Payable is ranked worse than
82.08% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs TSE:7928: 37.84

Asahi Kagaku Kogyo Co's Days Payable declined from Feb. 2023 (49.70) to Feb. 2024 (42.53). It may suggest that Asahi Kagaku Kogyo Co accelerated paying its suppliers.

Asahi Kagaku Kogyo Co Days Payable Historical Data

The historical data trend for Asahi Kagaku 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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Asahi Kagaku Kogyo Co Days Payable Chart

Asahi Kagaku Kogyo Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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39.86

40.53

38.08

40.48

40.33

Asahi Kagaku Kogyo Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															49.70	37.02	34.72	37.54	42.53

Competitive Comparison of Asahi Kagaku Kogyo Co's Days Payable

For the Tools & Accessories subindustry, Asahi Kagaku 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.

Asahi Kagaku Kogyo Co's Days Payable Distribution in the Industrial Products Industry

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

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

Asahi Kagaku 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.

Asahi Kagaku Kogyo Co's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (963.375	+	752.595)	/	2 )	/	7764.965	*	365
=	857.985					/	7764.965	*	365
=	40.33

Asahi Kagaku Kogyo Co's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (770.102	+	763.307)	/	2 )	/	1644.836	*	365 / 4
=	766.7045					/	1644.836	*	365 / 4
=	42.53

Asahi Kagaku Kogyo Co Days Payable Related Terms

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Asahi Kagaku Kogyo Co (TSE:7928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Asahi Kagaku Kogyo Co Ltd (TSE:7928) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anjo-shi Shioga Irucho Hiromi 133-3, Aichi, JPN, 844-1205

Website

http://www.asahikagakukogyo.co.jp

Asahi Kagaku Kogyo Co Ltd is a manufacturer of plastic parts, plastics molded products, processed goods and sets of plastics. It also provides electric tool parts, automobile parts, applied equipment, pump parts, building materials.

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