Sumitomo Rubber Industries (Sumitomo Rubber Industries) Days Payable : 69.93 (As of Dec. 2023)

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What is Sumitomo Rubber Industries Days Payable?

Sumitomo Rubber Industries's average Accounts Payable for the three months ended in Dec. 2023 was $1,177 Mil. Sumitomo Rubber Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,536 Mil. Hence, Sumitomo Rubber Industries's Days Payable for the three months ended in Dec. 2023 was 69.93.

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

SMTUF' s Days Payable Range Over the Past 10 Years
Min: 71 Med: 76.82 Max: 87.66
Current: 71

During the past 13 years, Sumitomo Rubber Industries's highest Days Payable was 87.66. The lowest was 71.00. And the median was 76.82.

SMTUF's Days Payable is ranked better than
54.27% of 1264 companies
in the Vehicles & Parts industry
Industry Median: 65.57 vs SMTUF: 71.00

Sumitomo Rubber Industries's Days Payable increased from Dec. 2022 (61.12) to Dec. 2023 (69.93). It may suggest that Sumitomo Rubber Industries delayed paying its suppliers.

Sumitomo Rubber Industries Days Payable Historical Data

The historical data trend for Sumitomo Rubber Industries'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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Sumitomo Rubber Industries Days Payable Chart

Sumitomo Rubber Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.83

79.75

79.89

79.19

78.03

Sumitomo Rubber Industries 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															61.12	72.28	67.26	72.32	69.93

Competitive Comparison of Sumitomo Rubber Industries's Days Payable

For the Auto Parts subindustry, Sumitomo Rubber Industries'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.

Sumitomo Rubber Industries's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sumitomo Rubber Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Sumitomo Rubber Industries's Days Payable falls into.

Sumitomo Rubber Industries 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.

Sumitomo Rubber Industries'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
=	( (1305.646	+	1221.296)	/	2 )	/	5909.774	*	365
=	1263.471					/	5909.774	*	365
=	78.03

Sumitomo Rubber Industries'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
=	( (1133.227	+	1221.296)	/	2 )	/	1536.135	*	365 / 4
=	1177.2615					/	1536.135	*	365 / 4
=	69.93

Sumitomo Rubber Industries Days Payable Related Terms

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Sumitomo Rubber Industries (Sumitomo Rubber Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sumitomo Rubber Industries Ltd (OTCPK:SMTUF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5110:Japan 108:Germany

Address

3-6-9, Wakinohama-cho, Chuo-ku, Hyogo, Kobe, JPN, 651-0072

Website

http://www.srigroup.co.jp

Sumitomo Rubber Industries makes and sells rubber tires, sports equipment, and other products in three segments based on product type. The tire segment, which generates the majority of revenue, sells rubber tires for automobiles and motorcycles under the Dunlop and Falken brand names. The sports segment sells golf, tennis, and fitness equipment under the Srixon, XXIO, Cleveland, and Dunlop brand names. The industrial and other products segment sells rubber parts for printers, artificial turf for sporting use, floor coating materials, portable ramps, gloves, tubes, and valves. More revenue comes from Japan than any other region.

Sumitomo Rubber Industries (Sumitomo Rubber Industries) Headlines

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