TOKYO KEIKI (TSE:7721) Days Payable : 81.31 (As of Dec. 2023)

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What is TOKYO KEIKI Days Payable?

TOKYO KEIKI's average Accounts Payable for the three months ended in Dec. 2023 was 円7,461 Mil. TOKYO KEIKI's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,373 Mil. Hence, TOKYO KEIKI's Days Payable for the three months ended in Dec. 2023 was 81.31.

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

TSE:7721' s Days Payable Range Over the Past 10 Years
Min: 59.01 Med: 69.38 Max: 79.03
Current: 79.03

During the past 13 years, TOKYO KEIKI's highest Days Payable was 79.03. The lowest was 59.01. And the median was 69.38.

TSE:7721's Days Payable is ranked better than
59.03% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs TSE:7721: 79.03

TOKYO KEIKI's Days Payable increased from Dec. 2022 (74.93) to Dec. 2023 (81.31). It may suggest that TOKYO KEIKI delayed paying its suppliers.

TOKYO KEIKI Days Payable Historical Data

The historical data trend for TOKYO KEIKI'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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TOKYO KEIKI Days Payable Chart

TOKYO KEIKI Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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76.66

65.25

63.28

69.70

73.36

TOKYO KEIKI 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															74.93	62.03	85.94	88.11	81.31

Competitive Comparison of TOKYO KEIKI's Days Payable

For the Scientific & Technical Instruments subindustry, TOKYO KEIKI'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.

TOKYO KEIKI's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TOKYO KEIKI's Days Payable distribution charts can be found below:

* The bar in red indicates where TOKYO KEIKI's Days Payable falls into.

TOKYO KEIKI 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.

TOKYO KEIKI'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
=	( (6565	+	6824)	/	2 )	/	33308	*	365
=	6694.5					/	33308	*	365
=	73.36

TOKYO KEIKI'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
=	( (6865	+	8057)	/	2 )	/	8373	*	365 / 4
=	7461					/	8373	*	365 / 4
=	81.31

TOKYO KEIKI Days Payable Related Terms

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TOKYO KEIKI (TSE:7721) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TOKYO KEIKI Inc (TSE:7721) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-16-46, Minami-Kamata, Ohta-ku, Tokyo, JPN, 144-8551

Website

http://www.tokyo-keiki.co.jp

TOKYO KEIKI Inc is engaged in the manufacture of marine devices, sensors, construction systems, flow and level measurement devices, radars, fluid power systems, among others.

TOKYO KEIKI (TSE:7721) Headlines

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