Iino Kaiun Kaisha (Iino Kaiun Kaisha) Days Payable : 28.55 (As of Dec. 2023)

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What is Iino Kaiun Kaisha Days Payable?

Iino Kaiun Kaisha's average Accounts Payable for the three months ended in Dec. 2023 was $60.7 Mil. Iino Kaiun Kaisha's Cost of Goods Sold for the three months ended in Dec. 2023 was $194.0 Mil. Hence, Iino Kaiun Kaisha's Days Payable for the three months ended in Dec. 2023 was 28.55.

The historical rank and industry rank for Iino Kaiun Kaisha's Days Payable or its related term are showing as below:

IIKKF' s Days Payable Range Over the Past 10 Years
Min: 24.57 Med: 28.57 Max: 30.99
Current: 29.54

During the past 13 years, Iino Kaiun Kaisha's highest Days Payable was 30.99. The lowest was 24.57. And the median was 28.57.

IIKKF's Days Payable is ranked worse than
64.28% of 935 companies
in the Transportation industry
Industry Median: 38.5 vs IIKKF: 29.54

Iino Kaiun Kaisha's Days Payable increased from Dec. 2022 (26.13) to Dec. 2023 (28.55). It may suggest that Iino Kaiun Kaisha delayed paying its suppliers.

Iino Kaiun Kaisha Days Payable Historical Data

The historical data trend for Iino Kaiun Kaisha'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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Iino Kaiun Kaisha Days Payable Chart

Iino Kaiun Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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24.18

26.47

30.45

30.57

32.86

Iino Kaiun Kaisha Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															29.43	30.08	29.33	28.55	30.44

Competitive Comparison of Iino Kaiun Kaisha's Days Payable

For the Marine Shipping subindustry, Iino Kaiun Kaisha'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.

Iino Kaiun Kaisha's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Iino Kaiun Kaisha's Days Payable distribution charts can be found below:

* The bar in red indicates where Iino Kaiun Kaisha's Days Payable falls into.

Iino Kaiun Kaisha 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.

Iino Kaiun Kaisha's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (68.814	+	61.788)	/	2 )	/	725.324	*	365
=	65.301					/	725.324	*	365
=	32.86

Iino Kaiun Kaisha'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
=	( (62.593	+	58.813)	/	2 )	/	194.004	*	365 / 4
=	60.703					/	194.004	*	365 / 4
=	28.55

Iino Kaiun Kaisha Days Payable Related Terms

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Iino Kaiun Kaisha (Iino Kaiun Kaisha) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Iino Kaiun Kaisha Ltd (OTCPK:IIKKF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9119:Japan

Address

Iino Building, 2-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.iino.co.jp

Iino Kaiun Kaisha Ltd is a transportation and logistics company domiciled in Japan. The company organises itself into three segments: oceangoing shipping, regional shipping, and real estate. The oceangoing shipping segment, which generates the majority of revenue, owns and operates oil and chemical tankers, large gas carriers to transport liquefied natural and liquefied petroleum gas, and dry bulk carriers. The regional shipping segment operates small gas carriers. The real estate segment invest in and leases office buildings.

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