Toyo Electric (NGO:6655) Days Payable : 49.58 (As of Dec. 2023)

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What is Toyo Electric Days Payable?

Toyo Electric's average Accounts Payable for the three months ended in Dec. 2023 was 円989 Mil. Toyo Electric's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,820 Mil. Hence, Toyo Electric's Days Payable for the three months ended in Dec. 2023 was 49.58.

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

NGO:6655' s Days Payable Range Over the Past 10 Years
Min: 45.35 Med: 72.28 Max: 82.47
Current: 53.6

During the past 13 years, Toyo Electric's highest Days Payable was 82.47. The lowest was 45.35. And the median was 72.28.

NGO:6655's Days Payable is ranked worse than
66.63% of 2934 companies
in the Industrial Products industry
Industry Median: 76.415 vs NGO:6655: 53.60

Toyo Electric's Days Payable declined from Dec. 2022 (60.84) to Dec. 2023 (49.58). It may suggest that Toyo Electric accelerated paying its suppliers.

Toyo Electric Days Payable Historical Data

The historical data trend for Toyo Electric'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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Toyo Electric Days Payable Chart

Toyo Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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71.12

54.29

48.09

45.35

49.86

Toyo Electric 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															60.84	52.15	54.73	55.23	49.58

Competitive Comparison of Toyo Electric's Days Payable

For the Electrical Equipment & Parts subindustry, Toyo Electric'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.

Toyo Electric's Days Payable Distribution in the Industrial Products Industry

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

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

Toyo Electric 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.

Toyo Electric'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
=	( (737.641	+	828.89)	/	2 )	/	5734.377	*	365
=	783.2655					/	5734.377	*	365
=	49.86

Toyo Electric'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
=	( (1009.188	+	968.724)	/	2 )	/	1820.036	*	365 / 4
=	988.956					/	1820.036	*	365 / 4
=	49.58

Toyo Electric Days Payable Related Terms

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Toyo Electric (NGO:6655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Electric Corp (NGO:6655) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-156 Ajiyoshi-cho, Aichi, Kasugai, JPN, 486-8585

Website

http://www.toyo-elec.co.jp

Toyo Electric Corp is a Japan based company engaged in the manufacture and maintenance of switchboards and transformers. It offers electric devices, engineering products and transformers. Electric devices include multi-beam sensor, elevator type SOT-AV product series, SPC-MX/SX product series and other products.

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