TOYO (Toyo Co) Days Payable : 50.97 (As of Jun. 2024)

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What is Toyo Co Days Payable?

Toyo Co's average Accounts Payable for the six months ended in Jun. 2024 was $31.1 Mil. Toyo Co's Cost of Goods Sold for the six months ended in Jun. 2024 was $111.4 Mil. Hence, Toyo Co's Days Payable for the six months ended in Jun. 2024 was 50.97.

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

TOYO' s Days Payable Range Over the Past 10 Years
Min: 59.78 Med: 152.81 Max: 152.81
Current: 59.78

During the past 2 years, Toyo Co's highest Days Payable was 152.81. The lowest was 59.78. And the median was 152.81.

TOYO's Days Payable is ranked better than
57.38% of 976 companies
in the Semiconductors industry
Industry Median: 52.525 vs TOYO: 59.78

Toyo Co's Days Payable increased from Jun. 2023 (0.00) to Jun. 2024 (50.97). It may suggest that Toyo Co delayed paying its suppliers.

Toyo Co Days Payable Historical Data

The historical data trend for Toyo 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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Toyo Co Days Payable Chart

Toyo Co Annual Data

Trend

Dec22

Dec23

Days Payable

152.81

Toyo Co Semi-Annual Data
	Jun23	Dec23	Jun24
Days Payable	-	104.13	50.97

Competitive Comparison of Toyo Co's Days Payable

For the Solar subindustry, Toyo 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.

Toyo Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Toyo Co's Days Payable distribution charts can be found below:

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

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Toyo 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.

Toyo 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
=	( (1.084	+	37.221)	/	2 )	/	45.746	*	365
=	19.1525					/	45.746	*	365
=	152.81

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

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (37.221	+	25.019)	/	2 )	/	111.431	*	365 / 2
=	31.12					/	111.431	*	365 / 2
=	50.97

Toyo Co Days Payable Related Terms

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