Toyobo Co (Toyobo Co) Days Payable : 51.60 (As of Dec. 2023)

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What is Toyobo Co Days Payable?

Toyobo Co's average Accounts Payable for the three months ended in Dec. 2023 was $333 Mil. Toyobo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $590 Mil. Hence, Toyobo Co's Days Payable for the three months ended in Dec. 2023 was 51.60.

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

TYOBY' s Days Payable Range Over the Past 10 Years
Min: 55.36 Med: 61.61 Max: 66
Current: 55.36

During the past 13 years, Toyobo Co's highest Days Payable was 66.00. The lowest was 55.36. And the median was 61.61.

TYOBY's Days Payable is ranked worse than
56.41% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs TYOBY: 55.36

Toyobo Co's Days Payable declined from Dec. 2022 (57.98) to Dec. 2023 (51.60). It may suggest that Toyobo Co accelerated paying its suppliers.

Toyobo Co Days Payable Historical Data

The historical data trend for Toyobo 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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Toyobo Co Days Payable Chart

Toyobo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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62.35

59.41

61.27

59.71

61.59

Toyobo 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															57.98	57.07	60.02	55.66	51.60

Competitive Comparison of Toyobo Co's Days Payable

For the Specialty Chemicals subindustry, Toyobo 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.

Toyobo Co's Days Payable Distribution in the Chemicals Industry

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

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

Toyobo 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.

Toyobo Co'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
=	( (395.32	+	399.778)	/	2 )	/	2356.015	*	365
=	397.549					/	2356.015	*	365
=	61.59

Toyobo 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
=	( (331.415	+	335.404)	/	2 )	/	589.569	*	365 / 4
=	333.4095					/	589.569	*	365 / 4
=	51.60

Toyobo Co Days Payable Related Terms

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Toyobo Co (Toyobo Co) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

3101:Japan

Address

2-8, Dojima Hama 2-chome, Kita-ku, Osaka, JPN, 530-8230

Website

http://www.toyobo.co.jp

Toyobo Co Ltd manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into four segments based on product type. The films and functional polymers segment, which generates more of Toyobo's revenue than any other segment, sells industrial films for liquid crystal displays, packaging films for food packaging, and engineered plastics and coatings for electronics. The industrial materials segment sells airbag fabrics and polyester for tires to the automotive industry. The healthcare segment sells enzymes for diagnostics, diagnostic systems, pharmaceuticals, and seawater desalination modules. The textiles segment sells synthetic and acrylic fibers used for apparel production. The majority of revenue comes from Japan.

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