TOCALO Co (TSE:3433) Days Payable : 15.44 (As of Dec. 2023)

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What is TOCALO Co Days Payable?

TOCALO Co's average Accounts Payable for the three months ended in Dec. 2023 was 円1,331 Mil. TOCALO Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円7,868 Mil. Hence, TOCALO Co's Days Payable for the three months ended in Dec. 2023 was 15.44.

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

TSE:3433' s Days Payable Range Over the Past 10 Years
Min: 16.73 Med: 20.89 Max: 60.1
Current: 16.82

During the past 13 years, TOCALO Co's highest Days Payable was 60.10. The lowest was 16.73. And the median was 20.89.

TSE:3433's Days Payable is ranked worse than
82.2% of 927 companies
in the Business Services industry
Industry Median: 47.14 vs TSE:3433: 16.82

TOCALO Co's Days Payable declined from Dec. 2022 (17.13) to Dec. 2023 (15.44). It may suggest that TOCALO Co accelerated paying its suppliers.

TOCALO Co Days Payable Historical Data

The historical data trend for TOCALO 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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TOCALO Co Days Payable Chart

TOCALO Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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19.14

17.64

17.53

17.37

16.73

TOCALO Co 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															17.13	17.93	16.62	17.00	15.44

Competitive Comparison of TOCALO Co's Days Payable

For the Specialty Business Services subindustry, TOCALO 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.

TOCALO Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, TOCALO Co's Days Payable distribution charts can be found below:

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

TOCALO 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.

TOCALO Co'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
=	( (1397	+	1425)	/	2 )	/	30779	*	365
=	1411					/	30779	*	365
=	16.73

TOCALO 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
=	( (1371	+	1291)	/	2 )	/	7868	*	365 / 4
=	1331					/	7868	*	365 / 4
=	15.44

TOCALO Co Days Payable Related Terms

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TOCALO Co (TSE:3433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TOCALO Co Ltd (TSE:3433) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-13-4, Fukaekita-Machi, Higashinada-Ku, Kobe, JPN, 658-0013

Website

http://www.tocalo.co.jp

TOCALO Co Ltd develops surface modifying technologies in Japan and internationally. The company produces various functional coatings through thermal spraying technology, including vacuum plasma, atmospheric plasma, electric arc, and high-velocity oxy-fuel spraying, as well as powder, rod, and wire flame spraying processes. It also provides peripheral surface technologies, such as WIN KOTE, CDC-ZAC, and Lite Force coatings; and TD, PTA, and PVD processes.

TOCALO Co (TSE:3433) Headlines

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