Tokai Rika Co (TSE:6995) Days Payable : 37.69 (As of Dec. 2023)

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What is Tokai Rika Co Days Payable?

Tokai Rika Co's average Accounts Payable for the three months ended in Dec. 2023 was 円57,233 Mil. Tokai Rika Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円138,556 Mil. Hence, Tokai Rika Co's Days Payable for the three months ended in Dec. 2023 was 37.69.

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

TSE:6995' s Days Payable Range Over the Past 10 Years
Min: 33 Med: 36.1 Max: 41.9
Current: 37.63

During the past 13 years, Tokai Rika Co's highest Days Payable was 41.90. The lowest was 33.00. And the median was 36.10.

TSE:6995's Days Payable is ranked worse than
78.29% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 65.86 vs TSE:6995: 37.63

Tokai Rika Co's Days Payable increased from Dec. 2022 (36.61) to Dec. 2023 (37.69). It may suggest that Tokai Rika Co delayed paying its suppliers.

Tokai Rika Co Days Payable Historical Data

The historical data trend for Tokai Rika 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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Tokai Rika Co Days Payable Chart

Tokai Rika Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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33.00

40.04

41.90

39.24

35.82

Tokai Rika 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															37.14	38.48	38.21	37.69	37.96

Competitive Comparison of Tokai Rika Co's Days Payable

For the Auto Parts subindustry, Tokai Rika 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.

Tokai Rika Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tokai Rika Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tokai Rika Co's Days Payable falls into.

Tokai Rika 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.

Tokai Rika Co's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (53374	+	51042)	/	2 )	/	531983	*	365
=	52208					/	531983	*	365
=	35.82

Tokai Rika Co'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
=	( (58499	+	55967)	/	2 )	/	138556	*	365 / 4
=	57233					/	138556	*	365 / 4
=	37.69

Tokai Rika Co Days Payable Related Terms

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Tokai Rika Co (TSE:6995) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tokai Rika Co Ltd (TSE:6995) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6995:Japan

Address

3-260 Toyota, Oguchi-Cho, Niwa-gun, Aichi, JPN, 480-0195

Website

http://www.tokai-rika.co.jp

Tokai Rika Co Ltd is a Japan-based company manufactures automobile control systems and components that accurately relay human commands, as well as security devices that prevent unauthorized entry and safety systems that protect human lives. The company's major products include automotive switches, locks, and keys, seatbelts, shift levers, electronic parts, steering wheels, connectors, mirrors, plastic wheel covers, ornaments, amongst others.

Tokai Rika Co (TSE:6995) Headlines

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