Okamoto Industries (TSE:5122) Days Payable : 103.01 (As of Dec. 2023)

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What is Okamoto Industries Days Payable?

Okamoto Industries's average Accounts Payable for the three months ended in Dec. 2023 was 円24,335 Mil. Okamoto Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was 円21,557 Mil. Hence, Okamoto Industries's Days Payable for the three months ended in Dec. 2023 was 103.01.

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

TSE:5122' s Days Payable Range Over the Past 10 Years
Min: 102.2 Med: 108.71 Max: 113.93
Current: 106.87

During the past 13 years, Okamoto Industries's highest Days Payable was 113.93. The lowest was 102.20. And the median was 108.71.

TSE:5122's Days Payable is ranked better than
78.95% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs TSE:5122: 106.87

Okamoto Industries's Days Payable declined from Dec. 2022 (105.54) to Dec. 2023 (103.01). It may suggest that Okamoto Industries accelerated paying its suppliers.

Okamoto Industries Days Payable Historical Data

The historical data trend for Okamoto Industries'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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Okamoto Industries Days Payable Chart

Okamoto Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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111.15

113.03

113.93

106.63

102.55

Okamoto Industries 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															105.54	106.79	107.70	105.32	103.01

Competitive Comparison of Okamoto Industries's Days Payable

For the Specialty Chemicals subindustry, Okamoto Industries'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.

Okamoto Industries's Days Payable Distribution in the Chemicals Industry

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

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

Okamoto Industries 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.

Okamoto Industries'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
=	( (20118	+	23578)	/	2 )	/	77761	*	365
=	21848					/	77761	*	365
=	102.55

Okamoto Industries'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
=	( (23306	+	25363)	/	2 )	/	21557	*	365 / 4
=	24334.5					/	21557	*	365 / 4
=	103.01

Okamoto Industries Days Payable Related Terms

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Okamoto Industries (TSE:5122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Okamoto Industries Inc (TSE:5122) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-27-12, Hongo, Bunkyo-ku, Tokyo, JPN, 113-8710

Website

http://www.okamoto-inc.jp

Okamoto Industries Inc is in the business of manufacturing condoms and heating pads. It is also involved in the business of plastic films, automotive materials, wallpaper, flexible container bags, adhesive tape, rubber bands, and solar power generation business. The company has manufacturing plants in Shizuoka, Ibaraki and Fukushima.

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