Kaneka (Kaneka) Days Payable : 64.22 (As of Dec. 2023)

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What is Kaneka Days Payable?

Kaneka's average Accounts Payable for the three months ended in Dec. 2023 was $696 Mil. Kaneka's Cost of Goods Sold for the three months ended in Dec. 2023 was $988 Mil. Hence, Kaneka's Days Payable for the three months ended in Dec. 2023 was 64.22.

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

KANKF' s Days Payable Range Over the Past 10 Years
Min: 57.18 Med: 63.6 Max: 69.4
Current: 63.28

During the past 13 years, Kaneka's highest Days Payable was 69.40. The lowest was 57.18. And the median was 63.60.

KANKF's Days Payable is ranked better than
53.43% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs KANKF: 63.28

Kaneka's Days Payable increased from Dec. 2022 (61.72) to Dec. 2023 (64.22). It may suggest that Kaneka delayed paying its suppliers.

Kaneka Days Payable Historical Data

The historical data trend for Kaneka'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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Kaneka Days Payable Chart

Kaneka Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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71.07

65.70

66.68

64.43

63.07

Kaneka 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															61.72	61.01	61.78	64.07	64.22

Competitive Comparison of Kaneka's Days Payable

For the Specialty Chemicals subindustry, Kaneka'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.

Kaneka's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kaneka's Days Payable distribution charts can be found below:

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

Kaneka 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.

Kaneka'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
=	( (776.438	+	663.326)	/	2 )	/	4166.37	*	365
=	719.882					/	4166.37	*	365
=	63.07

Kaneka'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
=	( (664.507	+	726.677)	/	2 )	/	988.308	*	365 / 4
=	695.592					/	988.308	*	365 / 4
=	64.22

Kaneka Days Payable Related Terms

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Kaneka (Kaneka) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kaneka Corp (OTCPK:KANKF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

4118:Japan KKA:Germany

Address

3-2-4, Nakanoshima, Kita-ku, Osaka, JPN, 530-8288

Website

http://www.kaneka.co.jp

Kaneka Corp manufactures and sells a variety of chemicals, plastics, and chemical-based products. The company organizes itself into seven segments based on product type. The foodstuffs segment, which generates more revenue than any other segment, sells margarine, shortening, bakery yeast and spices. The chemicals segment sells polyvinyl chloride used in pipes and flooring. The functional and expandable products segments sell polystyrene- and silicone-based products. The life science products segment sells medical devices, which include balloon catheters for vessel stenosis, and pharmaceutical ingredients. The electronic products segment sells heat resistant films and optical materials. The synthetic fibers segment sells fibers used to make apparel. The majority of revenue comes from Japan.

Kaneka (Kaneka) Headlines

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