Kobe Steel (FRA:KST) Days Payable : 100.60 (As of Dec. 2023)

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What is Kobe Steel Days Payable?

Kobe Steel's average Accounts Payable for the three months ended in Dec. 2023 was €3,598 Mil. Kobe Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was €3,264 Mil. Hence, Kobe Steel's Days Payable for the three months ended in Dec. 2023 was 100.60.

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

FRA:KST' s Days Payable Range Over the Past 10 Years
Min: 92.53 Med: 96.12 Max: 100.83
Current: 100.83

During the past 13 years, Kobe Steel's highest Days Payable was 100.83. The lowest was 92.53. And the median was 96.12.

FRA:KST's Days Payable is ranked better than
84.35% of 588 companies
in the Steel industry
Industry Median: 39.59 vs FRA:KST: 100.83

Kobe Steel's Days Payable declined from Dec. 2022 (115.62) to Dec. 2023 (100.60). It may suggest that Kobe Steel accelerated paying its suppliers.

Kobe Steel Days Payable Historical Data

The historical data trend for Kobe Steel'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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Kobe Steel Days Payable Chart

Kobe Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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95.73

92.13

100.14

95.17

101.52

Kobe Steel 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															115.62	97.91	109.26	97.58	100.60

Competitive Comparison of Kobe Steel's Days Payable

For the Steel subindustry, Kobe Steel'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.

Kobe Steel's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kobe Steel's Days Payable distribution charts can be found below:

* The bar in red indicates where Kobe Steel's Days Payable falls into.

Kobe Steel 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.

Kobe Steel'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
=	( (4129.408	+	4232.485)	/	2 )	/	15031.969	*	365
=	4180.9465					/	15031.969	*	365
=	101.52

Kobe Steel'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
=	( (3627.273	+	3568.996)	/	2 )	/	3263.678	*	365 / 4
=	3598.1345					/	3263.678	*	365 / 4
=	100.60

Kobe Steel Days Payable Related Terms

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Kobe Steel (FRA:KST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kobe Steel Ltd (FRA:KST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KBSTF:USA 5406:Japan

Address

2-4, Wakinohama-Kaigandori 2-chome, Chuo-ku, Kobe, Hyogo, JPN, 651-8585

Website

http://www.kobelco.co.jp

Kobe Steel Ltd is a Japan-based company that is primarily engaged in iron and steel, aluminum and copper, construction machinery, nonconstruction machinery, and engineering businesses. Its iron and steel business involves production of steel products, steel casting and forging, and manufacturing of titanium and steel powder. Its aluminum and copper segment manufactures aluminum and copper products. Its construction machinery segment develops and manufactures construction equipment. The nonconstruction machinery segment offers industrial machinery, compressors and equipment for the nuclear and other energy industries. The engineering segment provides solutions to plants, power stations, and water treatment companies. Japan and China account for the majority of the company's revenue.

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