Dainichiseika Color & Chemicals Mfg Co (TSE:4116) Days Payable : 108.34 (As of Dec. 2023)

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What is Dainichiseika Color & Chemicals Mfg Co Days Payable?

Dainichiseika Color & Chemicals Mfg Co's average Accounts Payable for the three months ended in Dec. 2023 was 円29,347 Mil. Dainichiseika Color & Chemicals Mfg Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円24,718 Mil. Hence, Dainichiseika Color & Chemicals Mfg Co's Days Payable for the three months ended in Dec. 2023 was 108.34.

The historical rank and industry rank for Dainichiseika Color & Chemicals Mfg Co's Days Payable or its related term are showing as below:

TSE:4116' s Days Payable Range Over the Past 10 Years
Min: 73.01 Med: 82.31 Max: 110.91
Current: 109.13

During the past 13 years, Dainichiseika Color & Chemicals Mfg Co's highest Days Payable was 110.91. The lowest was 73.01. And the median was 82.31.

TSE:4116's Days Payable is ranked better than
79.87% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs TSE:4116: 109.13

Dainichiseika Color & Chemicals Mfg Co's Days Payable declined from Dec. 2022 (120.72) to Dec. 2023 (108.34). It may suggest that Dainichiseika Color & Chemicals Mfg Co accelerated paying its suppliers.

Dainichiseika Color & Chemicals Mfg Co Days Payable Historical Data

The historical data trend for Dainichiseika Color & Chemicals Mfg 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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Dainichiseika Color & Chemicals Mfg Co Days Payable Chart

Dainichiseika Color & Chemicals Mfg Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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76.93

81.95

110.91

110.03

108.10

Dainichiseika Color & Chemicals Mfg 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															114.64	106.24	110.15	108.34	112.99

Competitive Comparison of Dainichiseika Color & Chemicals Mfg Co's Days Payable

For the Specialty Chemicals subindustry, Dainichiseika Color & Chemicals Mfg 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.

Dainichiseika Color & Chemicals Mfg Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Dainichiseika Color & Chemicals Mfg Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Dainichiseika Color & Chemicals Mfg Co's Days Payable falls into.

Dainichiseika Color & Chemicals Mfg 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.

Dainichiseika Color & Chemicals Mfg 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
=	( (28771	+	28963)	/	2 )	/	97468	*	365
=	28867					/	97468	*	365
=	108.10

Dainichiseika Color & Chemicals Mfg 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
=	( (28812	+	29882)	/	2 )	/	24718	*	365 / 4
=	29347					/	24718	*	365 / 4
=	108.34

Dainichiseika Color & Chemicals Mfg Co Days Payable Related Terms

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Dainichiseika Color & Chemicals Mfg Co (TSE:4116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dainichiseika Color & Chemicals Mfg Co Ltd (TSE:4116) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-6, Nihonbashi-Bakurocho, Chuo-ku, Tokyo, JPN, 103-8383

Website

http://www.daicolor.co.jp

Dainichiseika Color and Chemicals manufactures and sells pigments, plastics, and inks in five segments based on product type. The polymers segment, which generates the majority of revenue, sells plastic resins used to produce interior components for automobiles, polyurethane coatings and adhesives, and textile coatings. The pigments segment sells inorganic pigments and colorants. The prepared colors and chemicals segment sells colorants used in plastics and coatings. The printing inks segment sells inks for printing and gravure. The other segment leases real estate properties.

Dainichiseika Color & Chemicals Mfg Co (TSE:4116) Headlines

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