JFE Holdings (TSE:5411) Days Payable : 50.62 (As of Dec. 2023)

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What is JFE Holdings Days Payable?

JFE Holdings's average Accounts Payable for the three months ended in Dec. 2023 was 円621,532 Mil. JFE Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,120,443 Mil. Hence, JFE Holdings's Days Payable for the three months ended in Dec. 2023 was 50.62.

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

TSE:5411' s Days Payable Range Over the Past 10 Years
Min: 43.55 Med: 56.47 Max: 66.05
Current: 50.62

During the past 13 years, JFE Holdings's highest Days Payable was 66.05. The lowest was 43.55. And the median was 56.47.

TSE:5411's Days Payable is ranked better than
58.16% of 588 companies
in the Steel industry
Industry Median: 39.59 vs TSE:5411: 50.62

JFE Holdings's Days Payable increased from Dec. 2022 (50.19) to Dec. 2023 (50.62). It may suggest that JFE Holdings delayed paying its suppliers.

JFE Holdings Days Payable Historical Data

The historical data trend for JFE Holdings'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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JFE Holdings Days Payable Chart

JFE Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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62.80

62.52

66.05

58.06

54.11

JFE Holdings 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															50.19	50.59	52.93	47.02	50.62

Competitive Comparison of JFE Holdings's Days Payable

For the Steel subindustry, JFE Holdings'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.

JFE Holdings's Days Payable Distribution in the Steel Industry

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

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

JFE Holdings 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.

JFE Holdings'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
=	( (678377	+	703212)	/	2 )	/	4659371	*	365
=	690794.5					/	4659371	*	365
=	54.11

JFE Holdings'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
=	( (594997	+	648066)	/	2 )	/	1120443	*	365 / 4
=	621531.5					/	1120443	*	365 / 4
=	50.62

JFE Holdings Days Payable Related Terms

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JFE Holdings (TSE:5411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » JFE Holdings Inc (TSE:5411) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

JFEEF:USA JFR:Germany

Address

2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.jfe-holdings.co.jp

JFE Holdings Inc is a Japan-based company operating through three subsidiaries, namely JFE Steel, JFE Engineering and JFE Shoji. JFE Steel produces and sells a wide range of steel products and raw materials, and also operates peripheral businesses such as transporting, maintenance and construction of equipment. JFE Engineering provides engineering services for energy, urban environment, recycle, steel construction and industrial machines and systems. JFE Shoji purchases, processes and sells steel products, raw materials for steel production, nonferrous metal products, food, etc. Steel manufacturing and trading account for majority of JFE's revenue. The company generates most of its sales from the Japanese market.

JFE Holdings (TSE:5411) Headlines

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