Technoflex (TSE:3449) Days Payable : 33.01 (As of Jun. 2024)

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What is Technoflex Days Payable?

Technoflex's average Accounts Payable for the three months ended in Jun. 2024 was 円1,344 Mil. Technoflex's Cost of Goods Sold for the three months ended in Jun. 2024 was 円3,715 Mil. Hence, Technoflex's Days Payable for the three months ended in Jun. 2024 was 33.01.

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

TSE:3449' s Days Payable Range Over the Past 10 Years
Min: 29.52 Med: 33.64 Max: 38.24
Current: 34.4

During the past 7 years, Technoflex's highest Days Payable was 38.24. The lowest was 29.52. And the median was 33.64.

TSE:3449's Days Payable is ranked worse than
84.52% of 2945 companies
in the Industrial Products industry
Industry Median: 75.44 vs TSE:3449: 34.40

Technoflex's Days Payable declined from Jun. 2023 (33.71) to Jun. 2024 (33.01). It may suggest that Technoflex accelerated paying its suppliers.

Technoflex Days Payable Historical Data

The historical data trend for Technoflex'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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Technoflex Days Payable Chart

Technoflex Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.91

29.52

33.37

38.24

36.23

Technoflex Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															33.71	36.74	31.15	36.67	33.01

Competitive Comparison of Technoflex's Days Payable

For the Metal Fabrication subindustry, Technoflex'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.

Technoflex's Days Payable Distribution in the Industrial Products Industry

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

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

Technoflex 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.

Technoflex'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
=	( (1690.21	+	1378.254)	/	2 )	/	15457.897	*	365
=	1534.232					/	15457.897	*	365
=	36.23

Technoflex'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: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1326.264	+	1361.808)	/	2 )	/	3715.017	*	365 / 4
=	1344.036					/	3715.017	*	365 / 4
=	33.01

Technoflex Days Payable Related Terms

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Technoflex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Technoflex Corp (TSE:3449) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-1 Kuramae, Taito-ku, Tokyo, JPN, 111-0051

Website

https://www.technoflex.co.jp

Technoflex Corp engages in manufacturing of flexible metal hoses, expansion joints and multi-layer pipes. Its product portfolio includes flexible hose, formed bellows, vacuum components, and fluoroplastic hoses. The company's products are used in various applications including construction pipes, city water pipes, semiconductors, iron manufacturing, shipbuilding, city gas, LP gas, electricity, thermal power, nuclear power, and general plants.

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