Mitsubishi Gas Chemical Co (Mitsubishi Gas Chemical Co) Days Payable : 59.07 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Mitsubishi Gas Chemical Co Days Payable?

Mitsubishi Gas Chemical Co's average Accounts Payable for the three months ended in Dec. 2023 was $769 Mil. Mitsubishi Gas Chemical Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,189 Mil. Hence, Mitsubishi Gas Chemical Co's Days Payable for the three months ended in Dec. 2023 was 59.07.

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

MBGCF' s Days Payable Range Over the Past 10 Years
Min: 53.8 Med: 57.43 Max: 60.91
Current: 60.28

During the past 13 years, Mitsubishi Gas Chemical Co's highest Days Payable was 60.91. The lowest was 53.80. And the median was 57.43.

MBGCF's Days Payable is ranked worse than
50.2% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs MBGCF: 60.28

Mitsubishi Gas Chemical Co's Days Payable increased from Dec. 2022 (54.16) to Dec. 2023 (59.07). It may suggest that Mitsubishi Gas Chemical Co delayed paying its suppliers.

Mitsubishi Gas Chemical Co Days Payable Historical Data

The historical data trend for Mitsubishi Gas Chemical 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.

* Premium members only.

Mitsubishi Gas Chemical Co Days Payable Chart

Mitsubishi Gas Chemical Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

61.59

56.18

58.90

58.65

57.30

Mitsubishi Gas Chemical 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															54.16	59.49	59.96	62.79	59.07

Competitive Comparison of Mitsubishi Gas Chemical Co's Days Payable

For the Specialty Chemicals subindustry, Mitsubishi Gas Chemical 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.

Mitsubishi Gas Chemical Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Mitsubishi Gas Chemical Co's Days Payable falls into.

Mitsubishi Gas Chemical 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.

Mitsubishi Gas Chemical 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
=	( (779.128	+	660.924)	/	2 )	/	4586.356	*	365
=	720.026					/	4586.356	*	365
=	57.30

Mitsubishi Gas Chemical 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
=	( (796.212	+	742.637)	/	2 )	/	1188.68	*	365 / 4
=	769.4245					/	1188.68	*	365 / 4
=	59.07

Mitsubishi Gas Chemical Co Days Payable Related Terms

Thank you for viewing the detailed overview of Mitsubishi Gas Chemical Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Mitsubishi Gas Chemical Co (Mitsubishi Gas Chemical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Gas Chemical Co Inc (OTCPK:MBGCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

4182:Japan MUG:Germany

Address

5-2 Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8324

Website

http://www.mgc.co.jp

Mitsubishi Gas Chemical Co Inc manufactures and sells a variety of chemicals. The company organizes itself into four primary segments based on product type. The natural gas chemicals segment, which generates the most revenue of the segments, sells methanol, ammonia, and other chemicals produced from natural gas that are used to make fertilizers, plastics, and coatings. The specialty chemicals segment sells chemicals used to produce semiconductors, liquid crystals for televisions and monitors, and resins used to make plastic products. The aromatic chemicals segment sells terephthalic acid used to produce plastic bottles. The information and advanced materials segment sells copper laminates and oxygen absorbers.

Mitsubishi Gas Chemical Co (Mitsubishi Gas Chemical Co) Headlines

No Headlines