Kyoritsu Air Tech (TSE:5997) Days Payable : 33.73 (As of Dec. 2023)

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What is Kyoritsu Air Tech Days Payable?

Kyoritsu Air Tech's average Accounts Payable for the three months ended in Dec. 2023 was 円982 Mil. Kyoritsu Air Tech's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,657 Mil. Hence, Kyoritsu Air Tech's Days Payable for the three months ended in Dec. 2023 was 33.73.

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

TSE:5997' s Days Payable Range Over the Past 10 Years
Min: 19.32 Med: 62.03 Max: 110.39
Current: 38.03

During the past 13 years, Kyoritsu Air Tech's highest Days Payable was 110.39. The lowest was 19.32. And the median was 62.03.

TSE:5997's Days Payable is ranked worse than
81.73% of 1604 companies
in the Construction industry
Industry Median: 74.31 vs TSE:5997: 38.03

Kyoritsu Air Tech's Days Payable increased from Dec. 2022 (32.30) to Dec. 2023 (33.73). It may suggest that Kyoritsu Air Tech delayed paying its suppliers.

Kyoritsu Air Tech Days Payable Historical Data

The historical data trend for Kyoritsu Air Tech'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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Kyoritsu Air Tech Days Payable Chart

Kyoritsu Air Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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92.37

60.37

37.33

38.25

38.06

Kyoritsu Air Tech 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															32.30	40.35	38.77	40.38	33.73

Competitive Comparison of Kyoritsu Air Tech's Days Payable

For the Building Products & Equipment subindustry, Kyoritsu Air Tech'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.

Kyoritsu Air Tech's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kyoritsu Air Tech's Days Payable distribution charts can be found below:

* The bar in red indicates where Kyoritsu Air Tech's Days Payable falls into.

Kyoritsu Air Tech 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.

Kyoritsu Air Tech's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (875.114	+	1003.135)	/	2 )	/	9007.434	*	365
=	939.1245					/	9007.434	*	365
=	38.06

Kyoritsu Air Tech'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
=	( (961	+	1003.135)	/	2 )	/	2656.959	*	365 / 4
=	982.0675					/	2656.959	*	365 / 4
=	33.73

Kyoritsu Air Tech Days Payable Related Terms

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Kyoritsu Air Tech (TSE:5997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kyoritsu Air Tech Inc (TSE:5997) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

1034 Daisuki-cho, Kasuya-gun, Fukuoka prefecture, Fukuoka, JPN, 811-2414

Website

http://www.kak-net.co.jp

Kyoritsu Air Tech Inc is a Japanese firm engaged in the manufacturing of air-conditioners and various ventilation products. It has building equipment business and housing equipment business. Its products include the flocking air supply unit, variable air volume unit, ventilation unit, fan coil unit, air-disaster prevention damper, and air diffusers.

Kyoritsu Air Tech (TSE:5997) Headlines

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