MKTAY (Makita) Days Payable : 35.70 (As of Sep. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Makita Days Payable?

Makita's average Accounts Payable for the three months ended in Sep. 2024 was $339 Mil. Makita's Cost of Goods Sold for the three months ended in Sep. 2024 was $866 Mil. Hence, Makita's Days Payable for the three months ended in Sep. 2024 was 35.70.

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

MKTAY' s Days Payable Range Over the Past 10 Years
Min: 30.91 Med: 39.18 Max: 45.39
Current: 32.39

During the past 13 years, Makita's highest Days Payable was 45.39. The lowest was 30.91. And the median was 39.18.

MKTAY's Days Payable is ranked worse than
85.7% of 2930 companies
in the Industrial Products industry
Industry Median: 75.76 vs MKTAY: 32.39

Makita's Days Payable increased from Sep. 2023 (29.55) to Sep. 2024 (35.70). It may suggest that Makita delayed paying its suppliers.

Makita Days Payable Historical Data

The historical data trend for Makita'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.

* Premium members only.

Makita Days Payable Chart

Makita Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

40.95

42.82

47.33

37.26

34.14

Makita Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															29.55	30.02	32.13	36.75	35.70

Competitive Comparison of Makita's Days Payable

For the Tools & Accessories subindustry, Makita'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.

Makita's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Makita's Days Payable distribution charts can be found below:

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

Makita 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.

Makita's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (312.477	+	333.65)	/	2 )	/	3453.817	*	365
=	323.0635					/	3453.817	*	365
=	34.14

Makita's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	338.654)	/	1 )	/	865.649	*	365 / 4
=	338.654					/	865.649	*	365 / 4
=	35.70

Makita Days Payable Related Terms

Thank you for viewing the detailed overview of Makita's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Makita Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Makita Corp (OTCPK:MKTAY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MKEWF:USA 6586:Japan MK2A:Germany MK2A:Germany

Address

3-11-8, Sumiyoshi-cho, Aichi Prefecture, Anjo, JPN, 446-8502

Website

http://www.makita.co.jp

Makita manufactures and sells professional-grade power tools, outdoor power equipment, and other tools, such as lithium-ion battery-powered drills, impact drivers, lawn mowers, chainsaws, and hedge trimmers. The company was founded in 1915 as an electric motor sales and repair company in Nagoya, Japan, and later became a power tools manufacturer, since marketing its first portable electrical planer in Japan in 1958. While the company has local production bases in key regions globally, above 60% of its product volume is manufactured in China. Its headquarters is currently in Anjo, Japan.

Makita Headlines

From GuruFocus

Earnings To Watch: Makita Corp (TSE:6586) Reports Q2 2025 Result

By GuruFocus News • 11-06-2024

Makita Corp (TSE:6586) Q2 2025 Earnings Report Preview: What To Look For

By GuruFocus News • 10-29-2024

Top 5 4th Quarter Trades of Cardinal Capital Management

By GuruFocus Research GuruFocus Editor • 01-23-2023