Toray Industries (Toray Industries) Days Payable

: 56.55 (As of Dec. 2023)

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Toray Industries's average Accounts Payable for the three months ended in Dec. 2023 was $2,218 Mil. Toray Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,580 Mil. Hence, Toray Industries's Days Payable for the three months ended in Dec. 2023 was 56.55.

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

TRYIY' s Days Payable Range Over the Past 10 Years
Min: 47.57 Med: 52.21 Max: 68.89
Current: 59.79

During the past 13 years, Toray Industries's highest Days Payable was 68.89. The lowest was 47.57. And the median was 52.21.

TRYIY's Days Payable is ranked better than
52.98% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.48 vs TRYIY: 59.79

Toray Industries's Days Payable declined from Dec. 2022 (56.92) to Dec. 2023 (56.55). It may suggest that Toray Industries accelerated paying its suppliers.

Toray Industries Days Payable Historical Data

The historical data trend for Toray Industries'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.

Toray Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

54.96

66.01

69.22

64.75

61.16

Toray Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																56.92	61.23	64.26	58.59	56.55

Competitive Comparison

For the Textile Manufacturing subindustry, Toray Industries'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.

Toray Industries Days Payable Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toray Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Toray Industries's Days Payable falls into.

Toray Industries 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.

Toray Industries'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
=	( (2761.521	+	2425.03)	/	2 )	/	15475.299	*	365
=	2593.2755					/	15475.299	*	365
=	61.16

Toray Industries'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
=	( (2165.579	+	2271.153)	/	2 )	/	3579.64	*	365 / 4
=	2218.366					/	3579.64	*	365 / 4
=	56.55

Toray Industries Days Payable Related Terms

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Toray Industries (Toray Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Toray Industries Inc (OTCPK:TRYIY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRYIF:USA 3402:Japan TOR1:Germany

Address

Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, JPN, 103-8666

Website

http://www.toray.co.jp

Toray Industries Inc is a Japan-based company that is primarily engaged in the integrated chemical industry to produce apparel and industrial materials. The company's businesses consist of Fibers & Textiles, Plastics & Chemicals, IT-related Products, Carbon Fiber Composite Materials, Environment & Engineering, and Life Science. The Fibers & Textiles business and Plastics & Chemicals business are the company's core growth drivers, and they jointly contribute around two thirds of the company's revenue. The company has business presence in Japan, China, other Asian areas, Europe, North America, and other areas, with the whole Asia market accounting for majority of the company's total revenue.