Kyowa Electronic Instruments Co (TSE:6853) Days Payable : 58.71 (As of Mar. 2024)

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What is Kyowa Electronic Instruments Co Days Payable?

Kyowa Electronic Instruments Co's average Accounts Payable for the three months ended in Mar. 2024 was 円1,691 Mil. Kyowa Electronic Instruments Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円2,628 Mil. Hence, Kyowa Electronic Instruments Co's Days Payable for the three months ended in Mar. 2024 was 58.71.

The historical rank and industry rank for Kyowa Electronic Instruments Co's Days Payable or its related term are showing as below:

TSE:6853' s Days Payable Range Over the Past 10 Years
Min: 54.99 Med: 60.27 Max: 65.79
Current: 63.65

During the past 13 years, Kyowa Electronic Instruments Co's highest Days Payable was 65.79. The lowest was 54.99. And the median was 60.27.

TSE:6853's Days Payable is ranked worse than
54.21% of 2422 companies
in the Hardware industry
Industry Median: 68.065 vs TSE:6853: 63.65

Kyowa Electronic Instruments Co's Days Payable declined from Mar. 2023 (62.69) to Mar. 2024 (58.71). It may suggest that Kyowa Electronic Instruments Co accelerated paying its suppliers.

Kyowa Electronic Instruments Co Days Payable Historical Data

The historical data trend for Kyowa Electronic Instruments 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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Kyowa Electronic Instruments Co Days Payable Chart

Kyowa Electronic Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

57.96

60.17

54.99

64.14

65.79

Kyowa Electronic Instruments 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															62.69	76.27	89.42	47.98	58.71

Competitive Comparison of Kyowa Electronic Instruments Co's Days Payable

For the Scientific & Technical Instruments subindustry, Kyowa Electronic Instruments 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.

Kyowa Electronic Instruments Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kyowa Electronic Instruments Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Kyowa Electronic Instruments Co's Days Payable falls into.

Kyowa Electronic Instruments 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.

Kyowa Electronic Instruments Co'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
=	( (1573.374	+	1753.093)	/	2 )	/	9227.844	*	365
=	1663.2335					/	9227.844	*	365
=	65.79

Kyowa Electronic Instruments Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1753.093	+	1628.946)	/	2 )	/	2628.402	*	365 / 4
=	1691.0195					/	2628.402	*	365 / 4
=	58.71

Kyowa Electronic Instruments Co Days Payable Related Terms

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Kyowa Electronic Instruments Co (TSE:6853) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kyowa Electronic Instruments Co Ltd (TSE:6853) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5-1, Chofugaoka, Chofu, Tokyo, JPN, 182-8520

Website

http://www.kyowa-ei.co.jp

Kyowa Electronic Instruments Co Ltd is engaged in the manufacturing and distribution of stress measurement devices in experimental research fields of government offices, corporations, and universities. It is also involved in the manufacturing and distribution of various measurement devices for civil engineering and construction. In addition to product and system development, design and fabrication, the company also offers a comprehensive services from proposals for measurement technology tailored to specific issues to technical support and maintenance. It mainly serves the government and municipal offices, national, public, and private universities, construction industry, textile/ chemical industry, petroleum industry, and rubber industry.

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