Okaya Electric Industries Co (TSE:6926) Days Payable : 35.98 (As of Dec. 2023)

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What is Okaya Electric Industries Co Days Payable?

Okaya Electric Industries Co's average Accounts Payable for the three months ended in Dec. 2023 was 円1,027 Mil. Okaya Electric Industries Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,605 Mil. Hence, Okaya Electric Industries Co's Days Payable for the three months ended in Dec. 2023 was 35.98.

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

TSE:6926' s Days Payable Range Over the Past 10 Years
Min: 22.84 Med: 34.81 Max: 43.46
Current: 36.98

During the past 13 years, Okaya Electric Industries Co's highest Days Payable was 43.46. The lowest was 22.84. And the median was 34.81.

TSE:6926's Days Payable is ranked worse than
81.69% of 2419 companies
in the Hardware industry
Industry Median: 67.96 vs TSE:6926: 36.98

Okaya Electric Industries Co's Days Payable declined from Dec. 2022 (37.61) to Dec. 2023 (35.98). It may suggest that Okaya Electric Industries Co accelerated paying its suppliers.

Okaya Electric Industries Co Days Payable Historical Data

The historical data trend for Okaya Electric Industries 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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Okaya Electric Industries Co Days Payable Chart

Okaya Electric Industries Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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35.99

33.35

36.53

33.63

32.72

Okaya Electric Industries 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															37.61	41.55	33.76	36.72	35.98

Competitive Comparison of Okaya Electric Industries Co's Days Payable

For the Electronic Components subindustry, Okaya Electric Industries 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.

Okaya Electric Industries Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Okaya Electric Industries Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Okaya Electric Industries Co's Days Payable falls into.

Okaya Electric Industries 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.

Okaya Electric Industries 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
=	( (1203.775	+	1221.957)	/	2 )	/	13529.583	*	365
=	1212.866					/	13529.583	*	365
=	32.72

Okaya Electric Industries 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
=	( (1114.39	+	940.072)	/	2 )	/	2605.093	*	365 / 4
=	1027.231					/	2605.093	*	365 / 4
=	35.98

Okaya Electric Industries Co Days Payable Related Terms

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Okaya Electric Industries Co (TSE:6926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Okaya Electric Industries Co Ltd (TSE:6926) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

6-16-9 Todoroki, Setagaya-ku, Tokyo, JPN, 158-8543

Website

http://www.okayaelec.co.jp

Okaya Electric Industries Co Ltd engages in the design, manufacture, and sale of electric components and equipment. Its product category includes: Noise-related Products, Surge-related Products, LED related Products, Sensor-related Products. Noise-related Products includes noise suppression capacitors, high pulse & snubber capacitors, spark quenchers, noise filters, and coil filters. Surge-related Products include surge absorbers. LED related Products covers LED lighting devices, LED indicators, and field sequential multi-color liquid crystal display (LCD) module. The Sensor-related Products consist light emitting diode (LED) sensors. The Other Noise products segment provides coil filters.

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