Chugoku Marine Paints (TSE:4617) Days Payable : 53.91 (As of Mar. 2024)

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What is Chugoku Marine Paints Days Payable?

Chugoku Marine Paints's average Accounts Payable for the three months ended in Mar. 2024 was 円12,140 Mil. Chugoku Marine Paints's Cost of Goods Sold for the three months ended in Mar. 2024 was 円20,548 Mil. Hence, Chugoku Marine Paints's Days Payable for the three months ended in Mar. 2024 was 53.91.

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

TSE:4617' s Days Payable Range Over the Past 10 Years
Min: 52.83 Med: 70.23 Max: 85.17
Current: 52.83

During the past 13 years, Chugoku Marine Paints's highest Days Payable was 85.17. The lowest was 52.83. And the median was 70.23.

TSE:4617's Days Payable is ranked worse than
56.83% of 1515 companies
in the Chemicals industry
Industry Median: 59.72 vs TSE:4617: 52.83

Chugoku Marine Paints's Days Payable increased from Mar. 2023 (52.46) to Mar. 2024 (53.91). It may suggest that Chugoku Marine Paints delayed paying its suppliers.

Chugoku Marine Paints Days Payable Historical Data

The historical data trend for Chugoku Marine Paints'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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Chugoku Marine Paints Days Payable Chart

Chugoku Marine Paints Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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70.13

65.90

55.60

53.13

53.87

Chugoku Marine Paints 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															52.46	54.53	51.66	50.31	53.91

Competitive Comparison of Chugoku Marine Paints's Days Payable

For the Specialty Chemicals subindustry, Chugoku Marine Paints'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.

Chugoku Marine Paints's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Chugoku Marine Paints's Days Payable falls into.

Chugoku Marine Paints 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.

Chugoku Marine Paints's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (11428	+	12432)	/	2 )	/	80831	*	365
=	11930					/	80831	*	365
=	53.87

Chugoku Marine Paints'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
=	( (11847	+	12432)	/	2 )	/	20548	*	365 / 4
=	12139.5					/	20548	*	365 / 4
=	53.91

Chugoku Marine Paints Days Payable Related Terms

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Chugoku Marine Paints Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chugoku Marine Paints Ltd (TSE:4617) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-6-6 Kasumigaseki, Tokyo Club Building, Chiyoda-ku, Tokyo, JPN, 100-0013

Website

http://www.cmp.co.jp

Chugoku Marine Paints Ltd is a Japanese paint manufacturing firm. The company engages in manufacturing and marketing a variety of paints and coating materials which include marine paints, industrial paints, and container paints. Its products are used for various industry applications such as anti-fouling and epoxy paint for ships, caulking material for railways, and UV curable paint for plastics. It also undertakes painting contracts and serves a wide range of client base from across the world.

Chugoku Marine Paints Headlines

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