Showangyo Co (TSE:2004) Days Payable : 40.33 (As of Dec. 2023)

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What is Showangyo Co Days Payable?

Showangyo Co's average Accounts Payable for the three months ended in Dec. 2023 was 円32,906 Mil. Showangyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円74,452 Mil. Hence, Showangyo Co's Days Payable for the three months ended in Dec. 2023 was 40.33.

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

TSE:2004' s Days Payable Range Over the Past 10 Years
Min: 37.04 Med: 41.01 Max: 45.42
Current: 38.85

During the past 13 years, Showangyo Co's highest Days Payable was 45.42. The lowest was 37.04. And the median was 41.01.

TSE:2004's Days Payable is ranked worse than
59.15% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs TSE:2004: 38.85

Showangyo Co's Days Payable declined from Dec. 2022 (41.09) to Dec. 2023 (40.33). It may suggest that Showangyo Co accelerated paying its suppliers.

Showangyo Co Days Payable Historical Data

The historical data trend for Showangyo 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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Showangyo Co Days Payable Chart

Showangyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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40.03

42.24

45.42

41.58

37.04

Showangyo Co 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															40.50	37.20	41.57	40.33	38.12

Competitive Comparison of Showangyo Co's Days Payable

For the Farm Products subindustry, Showangyo 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.

Showangyo Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Showangyo Co's Days Payable distribution charts can be found below:

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

Showangyo 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.

Showangyo Co'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
=	( (32427	+	26330)	/	2 )	/	289479	*	365
=	29378.5					/	289479	*	365
=	37.04

Showangyo 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
=	( (35360	+	30451)	/	2 )	/	74452	*	365 / 4
=	32905.5					/	74452	*	365 / 4
=	40.33

Showangyo Co Days Payable Related Terms

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Showangyo Co (TSE:2004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Showa Sangyo Co Ltd (TSE:2004) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kamakuragashi Building, 2-2-1,Uchikanda, Chiyoda-ku, Tokyo, JPN, 101-8521

Website

http://www.showa-sangyo.co.jp

Showa Sangyo Co Ltd is a comprehensive food manufacturer that operates businesses in flour milling, vegetable oils, starches, sweeteners, and other food items. Based out of Asia, it processes imported raw materials to make seasonings, beverages, frozen foods, and other ready-to-eat products. The products are distributed to retailers and other wholesalers to help provide a diversified reach. Additional sources of income come from warehousing and real estate. It owns large silos to store grain for internal use and to supply other manufacturers. The real estate division develops commercial facilities and leases office buildings and acreage.

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