Marumae Co (TSE:6264) Days Payable : 18.53 (As of Feb. 2024)

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What is Marumae Co Days Payable?

Marumae Co's average Accounts Payable for the three months ended in Feb. 2024 was 円167 Mil. Marumae Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円822 Mil. Hence, Marumae Co's Days Payable for the three months ended in Feb. 2024 was 18.53.

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

TSE:6264' s Days Payable Range Over the Past 10 Years
Min: 14.49 Med: 18.37 Max: 32.62
Current: 18.59

During the past 13 years, Marumae Co's highest Days Payable was 32.62. The lowest was 14.49. And the median was 18.37.

TSE:6264's Days Payable is ranked worse than
95.53% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs TSE:6264: 18.59

Marumae Co's Days Payable declined from Feb. 2023 (21.57) to Feb. 2024 (18.53). It may suggest that Marumae Co accelerated paying its suppliers.

Marumae Co Days Payable Historical Data

The historical data trend for Marumae 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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Marumae Co Days Payable Chart

Marumae Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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16.93

14.49

18.75

19.55

17.98

Marumae 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															21.57	21.75	13.30	15.35	18.53

Competitive Comparison of Marumae Co's Days Payable

For the Specialty Industrial Machinery subindustry, Marumae 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.

Marumae Co's Days Payable Distribution in the Industrial Products Industry

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

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

Marumae 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.

Marumae 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
=	( (331.972	+	188.585)	/	2 )	/	5284.991	*	365
=	260.2785					/	5284.991	*	365
=	17.98

Marumae 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
=	( (138.115	+	195.834)	/	2 )	/	822.421	*	365 / 4
=	166.9745					/	822.421	*	365 / 4
=	18.53

Marumae Co Days Payable Related Terms

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Marumae Co (TSE:6264) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marumae Co Ltd (TSE:6264) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

3816 No. 41 Okubo-cho, Izumi City, Kagoshima, JPN, 899-0401

Website

http://www.marumae.com

Marumae Co Ltd is a Japan-based machinery manufacturer. The company is mainly engaged in the designing, manufacturing, and processing of precision machinery and precision equipment. It offers liquid crystal manufacturing and semiconductor manufacturing equipment, industrial and medical machinery and equipment. It is also engaged in the development and sale of software, real estate leasing, and transportation business.

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