Sumitomo Electric Industries (Sumitomo Electric Industries) Days Payable : 46.48 (As of Dec. 2023)

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What is Sumitomo Electric Industries Days Payable?

Sumitomo Electric Industries's average Accounts Payable for the three months ended in Dec. 2023 was $3,306 Mil. Sumitomo Electric Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $6,490 Mil. Hence, Sumitomo Electric Industries's Days Payable for the three months ended in Dec. 2023 was 46.48.

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

SMTOY' s Days Payable Range Over the Past 10 Years
Min: 47.51 Med: 54.58 Max: 58.12
Current: 47.51

During the past 13 years, Sumitomo Electric Industries's highest Days Payable was 58.12. The lowest was 47.51. And the median was 54.58.

SMTOY's Days Payable is ranked worse than
67.33% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs SMTOY: 47.51

Sumitomo Electric Industries's Days Payable declined from Dec. 2022 (47.50) to Dec. 2023 (46.48). It may suggest that Sumitomo Electric Industries accelerated paying its suppliers.

Sumitomo Electric Industries Days Payable Historical Data

The historical data trend for Sumitomo Electric 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.

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Sumitomo Electric Industries Days Payable Chart

Sumitomo Electric Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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53.82

52.10

58.26

57.39

51.84

Sumitomo Electric 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	Get a 7-Day Free Trial															47.50	46.07	49.90	48.91	46.48

Competitive Comparison of Sumitomo Electric Industries's Days Payable

For the Auto Parts subindustry, Sumitomo Electric 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.

Sumitomo Electric Industries's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sumitomo Electric Industries's Days Payable distribution charts can be found below:

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

Sumitomo Electric 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.

Sumitomo Electric 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
=	( (3752.697	+	3336.351)	/	2 )	/	24954.943	*	365
=	3544.524					/	24954.943	*	365
=	51.84

Sumitomo Electric 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
=	( (3257.087	+	3354.236)	/	2 )	/	6489.646	*	365 / 4
=	3305.6615					/	6489.646	*	365 / 4
=	46.48

Sumitomo Electric Industries Days Payable Related Terms

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Sumitomo Electric Industries (Sumitomo Electric Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sumitomo Electric Industries Ltd (OTCPK:SMTOY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5802:Japan SMO:Germany

Address

4-5-33, Kitahama, Chuo-ku, Osaka, JPN, 541-0041

Website

http://www.sei.co.jp

Sumitomo Electric Industries Ltd manufactures and sells electric wires and cables, and other products. The company is engaged in diversified business activities supporting people's daily lives and industry through five business segments: Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others. The Automobile-related segment offers wire harnesses, rubber cushions, hoses for automobiles, automobile electrical parts and others. Sumitomo's Information Communications-related segment offers fiber-optic cables, electrical cables and equipment for communications use, optical communications-related parts and others. It derives most of the revenue from Japan.

Sumitomo Electric Industries (Sumitomo Electric Industries) Headlines

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