Kuraray Co (Kuraray Co) Days Payable : 29.45 (As of Dec. 2023)

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What is Kuraray Co Days Payable?

Kuraray Co's average Accounts Payable for the three months ended in Dec. 2023 was $332 Mil. Kuraray Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,030 Mil. Hence, Kuraray Co's Days Payable for the three months ended in Dec. 2023 was 29.45.

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

KURRY' s Days Payable Range Over the Past 10 Years
Min: 32.92 Med: 37.9 Max: 46.2
Current: 32.92

During the past 13 years, Kuraray Co's highest Days Payable was 46.20. The lowest was 32.92. And the median was 37.90.

KURRY's Days Payable is ranked worse than
77.63% of 1502 companies
in the Chemicals industry
Industry Median: 60.4 vs KURRY: 32.92

Kuraray Co's Days Payable declined from Dec. 2022 (32.13) to Dec. 2023 (29.45). It may suggest that Kuraray Co accelerated paying its suppliers.

Kuraray Co Days Payable Historical Data

The historical data trend for Kuraray 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.

* Premium members only.

Kuraray Co Days Payable Chart

Kuraray Co Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.81

35.93

38.32

39.55

35.55

Kuraray 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															32.13	38.21	32.61	31.77	29.45

Competitive Comparison of Kuraray Co's Days Payable

For the Chemicals subindustry, Kuraray 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.

Kuraray Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kuraray Co's Days Payable distribution charts can be found below:

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

Kuraray 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.

Kuraray Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (390.743	+	341.183)	/	2 )	/	3757.121	*	365
=	365.963					/	3757.121	*	365
=	35.55

Kuraray 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
=	( (323.413	+	341.183)	/	2 )	/	1029.786	*	365 / 4
=	332.298					/	1029.786	*	365 / 4
=	29.45

Kuraray Co Days Payable Related Terms

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Kuraray Co (Kuraray Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kuraray Co Ltd (OTCPK:KURRY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KURRF:USA 3405:Japan KUY:Germany

Address

Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8115

Website

http://www.kuraray.co.jp

Kuraray Co Ltd manufactures and sells specialty chemicals, fiber, and resin. The firm organizes itself into six segments based on product type. The Vinyl Acetate segment, which generates the most revenue of any segment, sells plastic films and resins for use in the food packaging and electronics industries. The Isoprene segment sells isoprene chemicals, thermoplastic elastomers, and liquid rubber. The Functional Materials segment sells dental materials, while the Fibers and Textiles segment sells fibers for cement and concrete, industrial products for automobiles, and hook and loop fasteners for clothing. The other two segments are Trading, and Other. The majority of revenue comes from Asia.

Kuraray Co (Kuraray Co) Headlines

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