Kubota (TSE:6326) Days Payable : 53.44 (As of Dec. 2023)

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What is Kubota Days Payable?

Kubota's average Accounts Payable for the three months ended in Dec. 2023 was 円313,817 Mil. Kubota's Cost of Goods Sold for the three months ended in Dec. 2023 was 円535,879 Mil. Hence, Kubota's Days Payable for the three months ended in Dec. 2023 was 53.44.

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

TSE:6326' s Days Payable Range Over the Past 10 Years
Min: 58.76 Med: 80.22 Max: 85.46
Current: 58.76

During the past 13 years, Kubota's highest Days Payable was 85.46. The lowest was 58.76. And the median was 80.22.

TSE:6326's Days Payable is ranked worse than
66.34% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 70.05 vs TSE:6326: 58.76

Kubota's Days Payable declined from Dec. 2022 (71.72) to Dec. 2023 (53.44). It may suggest that Kubota accelerated paying its suppliers.

Kubota Days Payable Historical Data

The historical data trend for Kubota'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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Kubota Days Payable Chart

Kubota Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.58

85.46

83.49

77.64

64.32

Kubota 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															71.72	66.44	55.42	53.87	53.44

Competitive Comparison of Kubota's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Kubota'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.

Kubota's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Kubota's Days Payable distribution charts can be found below:

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

Kubota 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.

Kubota's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (454780	+	300902)	/	2 )	/	2144242	*	365
=	377841					/	2144242	*	365
=	64.32

Kubota'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
=	( (326732	+	300902)	/	2 )	/	535879	*	365 / 4
=	313817					/	535879	*	365 / 4
=	53.44

Kubota Days Payable Related Terms

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Kubota (TSE:6326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Kubota Corp (TSE:6326) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KUBTY:USA KUBTF:USA KUO1:Germany

Address

2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, JPN, 556-8601

Website

http://www.kubota.co.jp

Kubota manufactures and sells small and midsize agricultural and construction equipment as well as water treatment equipment. Its key products in the farm and industrial machinery segment include compact/utility tractors, mini excavators, compact track loaders, engines, and rice farming equipment, such as combine harvesters as well as rice transplanters. The company has produced over 5.4 million units of tractors worldwide and over 30 million units of engines. Its water and environment segment provides mainly pipe system products like ductile iron pipes and valves, water/waste treatment plants, pumps, as well as operation and maintenance services, including public-private partnership projects. The company is based in Osaka, Japan, and was founded in 1890.

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