Sumitomo (Sumitomo) Days Payable : 105.55 (As of Dec. 2023)

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What is Sumitomo Days Payable?

Sumitomo's average Accounts Payable for the three months ended in Dec. 2023 was $11,133 Mil. Sumitomo's Cost of Goods Sold for the three months ended in Dec. 2023 was $9,624 Mil. Hence, Sumitomo's Days Payable for the three months ended in Dec. 2023 was 105.55.

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

SSUMF' s Days Payable Range Over the Past 10 Years
Min: 91.63 Med: 111.51 Max: 162.5
Current: 108.64

During the past 13 years, Sumitomo's highest Days Payable was 162.50. The lowest was 91.63. And the median was 111.51.

SSUMF's Days Payable is ranked better than
75.27% of 469 companies
in the Conglomerates industry
Industry Median: 58.24 vs SSUMF: 108.64

Sumitomo's Days Payable declined from Dec. 2022 (107.70) to Dec. 2023 (105.55). It may suggest that Sumitomo accelerated paying its suppliers.

Sumitomo Days Payable Historical Data

The historical data trend for Sumitomo'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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Sumitomo Days Payable Chart

Sumitomo Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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93.69

91.57

109.95

121.96

113.32

Sumitomo 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															107.70	106.43	111.98	111.69	105.55

Competitive Comparison of Sumitomo's Days Payable

For the Conglomerates subindustry, Sumitomo'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.

Sumitomo's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sumitomo's Days Payable distribution charts can be found below:

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

Sumitomo 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.

Sumitomo'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
=	( (13598.544	+	12336.697)	/	2 )	/	41769.717	*	365
=	12967.6205					/	41769.717	*	365
=	113.32

Sumitomo'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
=	( (10820.866	+	11444.804)	/	2 )	/	9624.368	*	365 / 4
=	11132.835					/	9624.368	*	365 / 4
=	105.55

Sumitomo Days Payable Related Terms

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Sumitomo (Sumitomo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sumitomo Corp (OTCPK:SSUMF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SSUMY:USA 8053:Japan SUMA:Germany

Address

3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, JPN, 100-8601

Website

http://www.sumitomocorp.co.jp

Sumitomo Corp is a Japanese conglomerate that operates various business units: metal products; transportation and construction systems; environment and infrastructure; media, ICT, and lifestyle-related goods and services; and mineral resources, energy, chemical, and electronics. The businesses develop, manufacture, distribute, and service steel sheets, steel tubular products, nonferrous metal products, ship and aerospace equipment, railway cars, automobiles, construction equipment, lifestyle and food retail goods, materials and supplies, mineral resources, energy, electronics, and life sciences. The group also offers services in infrastructure projects, real estate construction, and general construction and development projects.