Tanabe Engineering (TSE:1828) Days Payable : 33.14 (As of Dec. 2023)

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What is Tanabe Engineering Days Payable?

Tanabe Engineering's average Accounts Payable for the three months ended in Dec. 2023 was 円4,690 Mil. Tanabe Engineering's Cost of Goods Sold for the three months ended in Dec. 2023 was 円12,913 Mil. Hence, Tanabe Engineering's Days Payable for the three months ended in Dec. 2023 was 33.14.

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

TSE:1828' s Days Payable Range Over the Past 10 Years
Min: 17.95 Med: 59.76 Max: 86.8
Current: 41.94

During the past 13 years, Tanabe Engineering's highest Days Payable was 86.80. The lowest was 17.95. And the median was 59.76.

TSE:1828's Days Payable is ranked worse than
77.62% of 1604 companies
in the Construction industry
Industry Median: 74.18 vs TSE:1828: 41.94

Tanabe Engineering's Days Payable declined from Dec. 2022 (49.18) to Dec. 2023 (33.14). It may suggest that Tanabe Engineering accelerated paying its suppliers.

Tanabe Engineering Days Payable Historical Data

The historical data trend for Tanabe Engineering'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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Tanabe Engineering Days Payable Chart

Tanabe Engineering Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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77.80

86.80

74.82

59.43

60.09

Tanabe Engineering 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															49.18	49.92	50.36	38.82	33.14

Competitive Comparison of Tanabe Engineering's Days Payable

For the Engineering & Construction subindustry, Tanabe Engineering'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.

Tanabe Engineering's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tanabe Engineering's Days Payable distribution charts can be found below:

* The bar in red indicates where Tanabe Engineering's Days Payable falls into.

Tanabe Engineering 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.

Tanabe Engineering'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
=	( (5981.565	+	5779.219)	/	2 )	/	35716.962	*	365
=	5880.392					/	35716.962	*	365
=	60.09

Tanabe Engineering'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
=	( (4401.758	+	4977.309)	/	2 )	/	12912.694	*	365 / 4
=	4689.5335					/	12912.694	*	365 / 4
=	33.14

Tanabe Engineering Days Payable Related Terms

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Tanabe Engineering (TSE:1828) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tanabe Engineering Corp (TSE:1828) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20, Fukuda, Zyouetsu, JPN, 942-0032

Website

http://www.tanabe-ind.co.jp

Tanabe Engineering Corp is mainly engaged in the facility construction works. It constructs plant facilities for electronic materials, food and drug metals and constructs public environmental facilities.

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