Kagome Co (Kagome Co) Days Payable : 84.46 (As of Mar. 2024)

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What is Kagome Co Days Payable?

Kagome Co's average Accounts Payable for the three months ended in Mar. 2024 was $278 Mil. Kagome Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $301 Mil. Hence, Kagome Co's Days Payable for the three months ended in Mar. 2024 was 84.46.

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

KGMEF' s Days Payable Range Over the Past 10 Years
Min: 47.31 Med: 93.47 Max: 104.72
Current: 87.91

During the past 13 years, Kagome Co's highest Days Payable was 104.72. The lowest was 47.31. And the median was 93.47.

KGMEF's Days Payable is ranked better than
77.79% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.25 vs KGMEF: 87.91

Kagome Co's Days Payable declined from Mar. 2023 (95.85) to Mar. 2024 (84.46). It may suggest that Kagome Co accelerated paying its suppliers.

Kagome Co Days Payable Historical Data

The historical data trend for Kagome 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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Kagome Co Days Payable Chart

Kagome Co Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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95.37

97.73

109.67

104.84

93.96

Kagome Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															95.85	83.37	95.42	93.48	84.46

Competitive Comparison of Kagome Co's Days Payable

For the Packaged Foods subindustry, Kagome 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.

Kagome Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kagome Co's Days Payable distribution charts can be found below:

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

Kagome 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.

Kagome Co'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
=	( (263.025	+	255.241)	/	2 )	/	1006.63	*	365
=	259.133					/	1006.63	*	365
=	93.96

Kagome Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (255.241	+	301.158)	/	2 )	/	300.577	*	365 / 4
=	278.1995					/	300.577	*	365 / 4
=	84.46

Kagome Co Days Payable Related Terms

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Kagome Co (Kagome Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kagome Co Ltd (OTCPK:KGMEF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2811:Japan 2811:Japan 5EW:Germany 5EW:Germany

Address

3-14-15, Nishiki, Naka-ku, Nagoya, JPN, 460-0003

Website

http://www.kagome.co.jp

Kagome Co Ltd is a Japan-based company engaged in the manufacturing and sale of condiments, foods and beverages purchase, manufacture and sale of seeds, seedlings, fruits, and vegetables. The company's segments include Beverages, Food, Gifts, Direct Marketing, Institutional and Industrial, and Other Businesses. Its international business includes Global Tomato Business and Consumer Business. The company generates the majority of its revenues from the Beverage Business.

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