Mitsui Chemicals (Mitsui Chemicals) Days Payable : 41.05 (As of Dec. 2023)

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What is Mitsui Chemicals Days Payable?

Mitsui Chemicals's average Accounts Payable for the three months ended in Dec. 2023 was $1,122 Mil. Mitsui Chemicals's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,493 Mil. Hence, Mitsui Chemicals's Days Payable for the three months ended in Dec. 2023 was 41.05.

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

MITUY' s Days Payable Range Over the Past 10 Years
Min: 41.31 Med: 48.99 Max: 58.72
Current: 43.21

During the past 13 years, Mitsui Chemicals's highest Days Payable was 58.72. The lowest was 41.31. And the median was 48.99.

MITUY's Days Payable is ranked worse than
67.89% of 1504 companies
in the Chemicals industry
Industry Median: 60.975 vs MITUY: 43.21

Mitsui Chemicals's Days Payable declined from Dec. 2022 (44.01) to Dec. 2023 (41.05). It may suggest that Mitsui Chemicals accelerated paying its suppliers.

Mitsui Chemicals Days Payable Historical Data

The historical data trend for Mitsui Chemicals'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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Mitsui Chemicals Days Payable Chart

Mitsui Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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50.99

47.24

48.09

45.17

44.02

Mitsui Chemicals 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															44.01	42.68	44.31	41.88	41.05

Competitive Comparison of Mitsui Chemicals's Days Payable

For the Specialty Chemicals subindustry, Mitsui Chemicals'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.

Mitsui Chemicals's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Mitsui Chemicals's Days Payable falls into.

Mitsui Chemicals 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.

Mitsui Chemicals'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
=	( (1474.514	+	1228.952)	/	2 )	/	11207.585	*	365
=	1351.733					/	11207.585	*	365
=	44.02

Mitsui Chemicals'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
=	( (1044.033	+	1199.175)	/	2 )	/	2493.14	*	365 / 4
=	1121.604					/	2493.14	*	365 / 4
=	41.05

Mitsui Chemicals Days Payable Related Terms

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Mitsui Chemicals (Mitsui Chemicals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsui Chemicals Inc (OTCPK:MITUY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MITUF:USA 4183:Japan MSI:Germany

Address

1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, JPN, 105-7122

Website

http://group.mitsuichemicals.com

Mitsui Chemicals Inc manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm organizes itself into five segments based on the product type. The basic materials segment, which generates more revenue than any other segment, sells petrochemicals, industrial chemicals, phenols, and polyesters. The mobility segment sells elastomers, performance compounds, and performance polymers to the automotive industry. The other three segments are healthcare, food and packaging, and others. The majority of revenue comes from Asia.

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