Sinko Industries (TSE:6458) Days Payable : 54.05 (As of Dec. 2023)

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What is Sinko Industries Days Payable?

Sinko Industries's average Accounts Payable for the three months ended in Dec. 2023 was 円5,029 Mil. Sinko Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,489 Mil. Hence, Sinko Industries's Days Payable for the three months ended in Dec. 2023 was 54.05.

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

TSE:6458' s Days Payable Range Over the Past 10 Years
Min: 52.28 Med: 69.99 Max: 107.32
Current: 52.76

During the past 13 years, Sinko Industries's highest Days Payable was 107.32. The lowest was 52.28. And the median was 69.99.

TSE:6458's Days Payable is ranked worse than
68.39% of 1604 companies
in the Construction industry
Industry Median: 74.18 vs TSE:6458: 52.76

Sinko Industries's Days Payable increased from Dec. 2022 (46.01) to Dec. 2023 (54.05). It may suggest that Sinko Industries delayed paying its suppliers.

Sinko Industries Days Payable Historical Data

The historical data trend for Sinko 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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Sinko Industries Days Payable Chart

Sinko Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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68.77

61.46

61.61

52.28

52.53

Sinko 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															46.01	46.30	61.25	49.69	54.05

Competitive Comparison of Sinko Industries's Days Payable

For the Building Products & Equipment subindustry, Sinko 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.

Sinko Industries's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sinko Industries's Days Payable distribution charts can be found below:

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

Sinko 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.

Sinko 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
=	( (3899	+	4605)	/	2 )	/	29542	*	365
=	4252					/	29542	*	365
=	52.53

Sinko 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
=	( (4841	+	5216)	/	2 )	/	8489	*	365 / 4
=	5028.5					/	8489	*	365 / 4
=	54.05

Sinko Industries Days Payable Related Terms

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Sinko Industries (TSE:6458) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sinko Industries Ltd (TSE:6458) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-4-5 Minamimori-machi, Kita-ku, Osaka, JPN, 5300054

Website

https://www.sinko.co.jp

Sinko Industries Ltd manufactures and sells air-conditioning equipment. Its product offerings include heat pump air conditioner, fan coil unit (FCU), unit heater, air terminal unit, air clinic, among others. Sinko goods can be applied in hospital, office, factory, warehouse, hotel, data center, airports, commercial facilities and government buildings. The company has the global market presence and sells its products in Japan and overseas markets including Australia, Bangladesh, Bahrain, India, Indonesia, Kuwait, Singapore, Thailand, United Arab Emirates and Vietnam.

Sinko Industries (TSE:6458) Headlines

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