Artience Co (TSE:4634) Days Payable : 90.33 (As of Jun. 2024)

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What is Artience Co Days Payable?

Artience Co's average Accounts Payable for the three months ended in Jun. 2024 was 円69,978 Mil. Artience Co's Cost of Goods Sold for the three months ended in Jun. 2024 was 円70,689 Mil. Hence, Artience Co's Days Payable for the three months ended in Jun. 2024 was 90.33.

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

TSE:4634' s Days Payable Range Over the Past 10 Years
Min: 77.73 Med: 93.21 Max: 103.91
Current: 91.08

During the past 13 years, Artience Co's highest Days Payable was 103.91. The lowest was 77.73. And the median was 93.21.

TSE:4634's Days Payable is ranked better than
72.28% of 1515 companies
in the Chemicals industry
Industry Median: 59.72 vs TSE:4634: 91.08

Artience Co's Days Payable increased from Jun. 2023 (87.45) to Jun. 2024 (90.33). It may suggest that Artience Co delayed paying its suppliers.

Artience Co Days Payable Historical Data

The historical data trend for Artience 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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Artience Co Days Payable Chart

Artience Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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101.41

103.91

97.77

96.90

97.38

Artience Co 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															87.45	86.72	92.74	96.91	90.33

Competitive Comparison of Artience Co's Days Payable

For the Specialty Chemicals subindustry, Artience 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.

Artience Co's Days Payable Distribution in the Chemicals Industry

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

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

Artience 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.

Artience Co'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
=	( (70738	+	67075)	/	2 )	/	258273	*	365
=	68906.5					/	258273	*	365
=	97.38

Artience Co'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
=	( (69200	+	70756)	/	2 )	/	70689	*	365 / 4
=	69978					/	70689	*	365 / 4
=	90.33

Artience Co Days Payable Related Terms

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Artience Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Artience Co Ltd (TSE:4634) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TO5:Germany

Address

3-13 Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-8377

Website

https://schd.toyoinkgroup.com

Artience Co Ltd is a holding company whose subsidiaries manufacture and sell a variety of chemicals and inks. The firm organizes itself into various segments based on product type. The printing and information segment, which generates the Most revenue, sells printing inks used for ink-jet printers, newspapers, magazines, and other printed materials. The colorants and functional materials segment sells pigments, plastic colorants, and liquid crystal display color filter materials. The polymers and coatings segments sells coatings, adhesives, plastic resins, and can coatings. The packaging materials segment sells packaging inks used for food and consumer goods packaging. Most of Toyo Ink's revenue comes from Japan.

Artience Co Headlines

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