DIC (TSE:4631) Days Payable : 63.46 (As of Mar. 2024)

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What is DIC Days Payable?

DIC's average Accounts Payable for the three months ended in Mar. 2024 was 円141,455 Mil. DIC's Cost of Goods Sold for the three months ended in Mar. 2024 was 円203,416 Mil. Hence, DIC's Days Payable for the three months ended in Mar. 2024 was 63.46.

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

TSE:4631' s Days Payable Range Over the Past 10 Years
Min: 59.64 Med: 63.97 Max: 68.71
Current: 61.03

During the past 13 years, DIC's highest Days Payable was 68.71. The lowest was 59.64. And the median was 63.97.

TSE:4631's Days Payable is ranked worse than
50.07% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs TSE:4631: 61.03

DIC's Days Payable declined from Mar. 2023 (65.82) to Mar. 2024 (63.46). It may suggest that DIC accelerated paying its suppliers.

DIC Days Payable Historical Data

The historical data trend for DIC'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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DIC Days Payable Chart

DIC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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68.71

68.32

64.89

64.20

63.17

DIC 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															65.82	60.98	58.71	60.44	63.46

Competitive Comparison of DIC's Days Payable

For the Specialty Chemicals subindustry, DIC'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.

DIC's Days Payable Distribution in the Chemicals Industry

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

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

DIC 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.

DIC'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
=	( (154964	+	140089)	/	2 )	/	852360	*	365
=	147526.5					/	852360	*	365
=	63.17

DIC'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
=	( (140089	+	142821)	/	2 )	/	203416	*	365 / 4
=	141455					/	203416	*	365 / 4
=	63.46

DIC Days Payable Related Terms

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DIC (TSE:4631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DIC Corp (TSE:4631) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DPN:Germany

Address

DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8233

Website

http://www.dic-global.com/en/index.html

DIC Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into four segments based on product type. The printing inks segment, which generates the most revenue of any segment, sells inks used for publishing as well as inks and adhesives used for packaging. The polymers segment sells synthetic resins used in electronics and automobiles. The fine chemicals segment sells liquid crystals used for televisions and monitors as well as pigments for color filters. The application materials segment sells industrial adhesive tape as well as materials used for coating, printing, and molding.

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