Okamura Foods Co (TSE:2938) Days Payable : 26.27 (As of Mar. 2024)

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What is Okamura Foods Co Days Payable?

Okamura Foods Co's average Accounts Payable for the three months ended in Mar. 2024 was 円1,731 Mil. Okamura Foods Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円6,011 Mil. Hence, Okamura Foods Co's Days Payable for the three months ended in Mar. 2024 was 26.27.

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

TSE:2938' s Days Payable Range Over the Past 10 Years
Min: 24.3 Med: 28.97 Max: 37.3
Current: 24.3

During the past 3 years, Okamura Foods Co's highest Days Payable was 37.30. The lowest was 24.30. And the median was 28.97.

TSE:2938's Days Payable is ranked worse than
80.28% of 1836 companies
in the Consumer Packaged Goods industry
Industry Median: 45.92 vs TSE:2938: 24.30

Okamura Foods Co's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (26.27). It may suggest that Okamura Foods Co delayed paying its suppliers.

Okamura Foods Co Days Payable Historical Data

The historical data trend for Okamura Foods 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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Okamura Foods Co Days Payable Chart

Okamura Foods Co Annual Data

Trend

Jun21

Jun22

Jun23

Days Payable

37.30

28.97

24.36

Okamura Foods Co Quarterly Data
	Jun21	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			-	21.79	32.87	19.95	26.27

Competitive Comparison of Okamura Foods Co's Days Payable

For the Farm Products subindustry, Okamura Foods 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.

Okamura Foods Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Okamura Foods 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.

Okamura Foods Co's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1239	+	1696)	/	2 )	/	21988	*	365
=	1467.5					/	21988	*	365
=	24.36

Okamura Foods Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1638	+	1823)	/	2 )	/	6011	*	365 / 4
=	1730.5					/	6011	*	365 / 4
=	26.27

Okamura Foods Co Days Payable Related Terms

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Okamura Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Okamura Foods Co Ltd (TSE:2938) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-11 Yaeda, Aomori Prefecture, Aomori, JPN, 030-0912

Website

https://www.okamurashokuhin.co.jp

Okamura Foods Co Ltd is engaged in the business of aquaculture, Salmon farming, processing and sales of marine products, wholesale of marine products.

Okamura Foods Co Headlines

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