JTEC (TSE:3446) Days Payable : 42.96 (As of Mar. 2024)

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What is JTEC Days Payable?

JTEC's average Accounts Payable for the three months ended in Mar. 2024 was 円54 Mil. JTEC's Cost of Goods Sold for the three months ended in Mar. 2024 was 円115 Mil. Hence, JTEC's Days Payable for the three months ended in Mar. 2024 was 42.96.

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

TSE:3446' s Days Payable Range Over the Past 10 Years
Min: 18.11 Med: 23.8 Max: 38.19
Current: 23.47

During the past 7 years, JTEC's highest Days Payable was 38.19. The lowest was 18.11. And the median was 23.80.

TSE:3446's Days Payable is ranked worse than
90.13% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.585 vs TSE:3446: 23.47

JTEC's Days Payable increased from Mar. 2023 (17.90) to Mar. 2024 (42.96). It may suggest that JTEC delayed paying its suppliers.

JTEC Days Payable Historical Data

The historical data trend for JTEC'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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JTEC Days Payable Chart

JTEC Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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19.87

37.87

27.72

38.19

JTEC 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															17.90	21.85	39.68	29.18	42.96

Competitive Comparison of JTEC's Days Payable

For the Medical Instruments & Supplies subindustry, JTEC'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.

JTEC's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, JTEC's Days Payable distribution charts can be found below:

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

JTEC 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.

JTEC's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (49.955	+	105.642)	/	2 )	/	743.507	*	365
=	77.7985					/	743.507	*	365
=	38.19

JTEC's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (49.811	+	58.564)	/	2 )	/	115.088	*	365 / 4
=	54.1875					/	115.088	*	365 / 4
=	42.96

JTEC Days Payable Related Terms

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JTEC (TSE:3446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » JTEC Corporation (TSE:3446) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-38 Saito-Yamabuki, Ibaraki-shi, Osaka, JPN, 567-0086

Website

https://www.j-tec.co.jp

JTEC Corporation is engaged in developing, designing, manufacturing and sales of Automated Cell Culture System; X-ray Mirrors for Synchrotron Facilities; and Automated System in various fields. Its products in optical business include Kirkpatrick-Baez (KB) mirror, Advanced KB mirror (1D Wolter mirror), Montel mirror, Ellipsoidal mirror, 2D Walter mirror, Deformable mirror, Multi-channel mirror, X-ray focusing alignment system (JM1000 / 2000 series), Additional mirror shaping improvement, and Mirror coating. Its products in life science include CELLFLOAT products and Automated Cell Culture Systems.

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