ADTEC PLASMA TECHNOLOGY Co (TSE:6668) Days Payable : 22.75 (As of Feb. 2024)

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What is ADTEC PLASMA TECHNOLOGY Co Days Payable?

ADTEC PLASMA TECHNOLOGY Co's average Accounts Payable for the three months ended in Feb. 2024 was 円373 Mil. ADTEC PLASMA TECHNOLOGY Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円1,496 Mil. Hence, ADTEC PLASMA TECHNOLOGY Co's Days Payable for the three months ended in Feb. 2024 was 22.75.

The historical rank and industry rank for ADTEC PLASMA TECHNOLOGY Co's Days Payable or its related term are showing as below:

TSE:6668' s Days Payable Range Over the Past 10 Years
Min: 16.77 Med: 25.11 Max: 31.15
Current: 23.58

During the past 13 years, ADTEC PLASMA TECHNOLOGY Co's highest Days Payable was 31.15. The lowest was 16.77. And the median was 25.11.

TSE:6668's Days Payable is ranked worse than
92.91% of 2933 companies
in the Industrial Products industry
Industry Median: 76.43 vs TSE:6668: 23.58

ADTEC PLASMA TECHNOLOGY Co's Days Payable declined from Feb. 2023 (34.21) to Feb. 2024 (22.75). It may suggest that ADTEC PLASMA TECHNOLOGY Co accelerated paying its suppliers.

ADTEC PLASMA TECHNOLOGY Co Days Payable Historical Data

The historical data trend for ADTEC PLASMA TECHNOLOGY 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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ADTEC PLASMA TECHNOLOGY Co Days Payable Chart

ADTEC PLASMA TECHNOLOGY Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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20.68

16.77

25.71

27.87

24.74

ADTEC PLASMA TECHNOLOGY Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															34.21	24.24	22.75	23.06	22.75

Competitive Comparison of ADTEC PLASMA TECHNOLOGY Co's Days Payable

For the Electrical Equipment & Parts subindustry, ADTEC PLASMA TECHNOLOGY 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.

ADTEC PLASMA TECHNOLOGY Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ADTEC PLASMA TECHNOLOGY Co's Days Payable distribution charts can be found below:

* The bar in red indicates where ADTEC PLASMA TECHNOLOGY Co's Days Payable falls into.

ADTEC PLASMA TECHNOLOGY 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.

ADTEC PLASMA TECHNOLOGY Co's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (623	+	379)	/	2 )	/	7392	*	365
=	501					/	7392	*	365
=	24.74

ADTEC PLASMA TECHNOLOGY Co's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (413	+	333)	/	2 )	/	1496	*	365 / 4
=	373					/	1496	*	365 / 4
=	22.75

ADTEC PLASMA TECHNOLOGY Co Days Payable Related Terms

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ADTEC PLASMA TECHNOLOGY Co (TSE:6668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ADTEC PLASMA TECHNOLOGY Co Ltd (TSE:6668) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-10, 5-chome, Hikino-cho, Fukuyama City, Hiroshima, JPN, 721-0942

Website

http://www.adtec-rf.com

ADTEC PLASMA TECHNOLOGY CO., Ltd. is a Japan-based company. It is mainly engaged in the design, manufacture, and sale of radio frequency (RF) plasma generators. Products offered by the company include visual matching unit, visual matching unit, digital RF power tracer, and chamber analyzer.

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