Akikawa Foods & Farms Co (TSE:1380) Days Payable : 29.53 (As of Dec. 2023)

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What is Akikawa Foods & Farms Co Days Payable?

Akikawa Foods & Farms Co's average Accounts Payable for the three months ended in Dec. 2023 was 円476 Mil. Akikawa Foods & Farms Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,470 Mil. Hence, Akikawa Foods & Farms Co's Days Payable for the three months ended in Dec. 2023 was 29.53.

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

TSE:1380' s Days Payable Range Over the Past 10 Years
Min: 27.1 Med: 35.04 Max: 40.37
Current: 30.59

During the past 13 years, Akikawa Foods & Farms Co's highest Days Payable was 40.37. The lowest was 27.10. And the median was 35.04.

TSE:1380's Days Payable is ranked worse than
70.96% of 1794 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs TSE:1380: 30.59

Akikawa Foods & Farms Co's Days Payable increased from Dec. 2022 (27.17) to Dec. 2023 (29.53). It may suggest that Akikawa Foods & Farms Co delayed paying its suppliers.

Akikawa Foods & Farms Co Days Payable Historical Data

The historical data trend for Akikawa Foods & Farms 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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Akikawa Foods & Farms Co Days Payable Chart

Akikawa Foods & Farms Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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36.84

32.96

30.86

27.95

27.10

Akikawa Foods & Farms Co 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															27.17	30.95	30.37	29.73	29.53

Competitive Comparison of Akikawa Foods & Farms Co's Days Payable

For the Farm Products subindustry, Akikawa Foods & Farms 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.

Akikawa Foods & Farms Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Akikawa Foods & Farms Co's Days Payable falls into.

Akikawa Foods & Farms 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.

Akikawa Foods & Farms Co'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
=	( (355.329	+	449.034)	/	2 )	/	5416.646	*	365
=	402.1815					/	5416.646	*	365
=	27.10

Akikawa Foods & Farms Co'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
=	( (435.404	+	515.894)	/	2 )	/	1469.56	*	365 / 4
=	475.649					/	1469.56	*	365 / 4
=	29.53

Akikawa Foods & Farms Co Days Payable Related Terms

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Akikawa Foods & Farms Co (TSE:1380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Akikawa Foods & Farms Co Ltd (TSE:1380) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

317 Nihoshimogo, Yamaguchi, JPN, 753 0303

Website

https://www.akikawabokuen.com

Akikawa Foods & Farms Co Ltd is an Agricultural and food company. It is engaged in the business of production and selling farm products and processed foods. The company offered products include chicken, pork, beef, milk, eggs, vegetables and rice, frozen foods and other processed products.

Akikawa Foods & Farms Co (TSE:1380) Headlines

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