Ise Chemicals (TSE:4107) Days Payable : 50.82 (As of Mar. 2024)

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What is Ise Chemicals Days Payable?

Ise Chemicals's average Accounts Payable for the three months ended in Mar. 2024 was 円2,765 Mil. Ise Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was 円4,964 Mil. Hence, Ise Chemicals's Days Payable for the three months ended in Mar. 2024 was 50.82.

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

TSE:4107' s Days Payable Range Over the Past 10 Years
Min: 36.94 Med: 42.22 Max: 69.09
Current: 45.16

During the past 13 years, Ise Chemicals's highest Days Payable was 69.09. The lowest was 36.94. And the median was 42.22.

TSE:4107's Days Payable is ranked worse than
66.38% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs TSE:4107: 45.16

Ise Chemicals's Days Payable declined from Mar. 2023 (53.15) to Mar. 2024 (50.82). It may suggest that Ise Chemicals accelerated paying its suppliers.

Ise Chemicals Days Payable Historical Data

The historical data trend for Ise Chemicals'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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Ise Chemicals Days Payable Chart

Ise Chemicals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.50

41.20

42.06

42.38

52.29

Ise Chemicals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															53.15	38.97	49.54	48.12	50.82

Competitive Comparison of Ise Chemicals's Days Payable

For the Specialty Chemicals subindustry, Ise Chemicals'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.

Ise Chemicals's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ise Chemicals's Days Payable distribution charts can be found below:

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

Ise Chemicals 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.

Ise Chemicals'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
=	( (2373	+	3079)	/	2 )	/	19027	*	365
=	2726					/	19027	*	365
=	52.29

Ise Chemicals'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
=	( (3079	+	2450)	/	2 )	/	4964	*	365 / 4
=	2764.5					/	4964	*	365 / 4
=	50.82

Ise Chemicals Days Payable Related Terms

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Ise Chemicals (TSE:4107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ise Chemicals Corp (TSE:4107) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1, Kyobashi 1-chome, 10th Floor, Yaesuguchi Daiei Building, Tokyo, JPN, 104-0031

Website

http://www.isechem.co.jp

Ise Chemicals Corp engages in the production and distribution of iodine, metallic compounds, and natural gas. The company offers iodine for use in X-ray contrast media, pesticides, liquid crystal display polarizers, and laser beams. It also produces cobalt and nickel compounds for use in capacitors and lithium-ion batteries; and produces and supplies natural gas to gas companies and factories.

Ise Chemicals (TSE:4107) Headlines

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