Arakawa Chemical Industries (TSE:4968) Days Payable : 53.99 (As of Dec. 2023)

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What is Arakawa Chemical Industries Days Payable?

Arakawa Chemical Industries's average Accounts Payable for the three months ended in Dec. 2023 was 円9,184 Mil. Arakawa Chemical Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was 円15,521 Mil. Hence, Arakawa Chemical Industries's Days Payable for the three months ended in Dec. 2023 was 53.99.

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

TSE:4968' s Days Payable Range Over the Past 10 Years
Min: 56.31 Med: 64.27 Max: 75.79
Current: 57.23

During the past 13 years, Arakawa Chemical Industries's highest Days Payable was 75.79. The lowest was 56.31. And the median was 64.27.

TSE:4968's Days Payable is ranked worse than
53.99% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs TSE:4968: 57.23

Arakawa Chemical Industries's Days Payable declined from Dec. 2022 (55.99) to Dec. 2023 (53.99). It may suggest that Arakawa Chemical Industries accelerated paying its suppliers.

Arakawa Chemical Industries Days Payable Historical Data

The historical data trend for Arakawa Chemical Industries'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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Arakawa Chemical Industries Days Payable Chart

Arakawa Chemical Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

71.15

68.35

60.72

57.54

56.31

Arakawa Chemical Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															55.99	59.09	57.99	52.08	53.99

Competitive Comparison of Arakawa Chemical Industries's Days Payable

For the Specialty Chemicals subindustry, Arakawa Chemical Industries'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.

Arakawa Chemical Industries's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Arakawa Chemical Industries's Days Payable falls into.

Arakawa Chemical Industries 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.

Arakawa Chemical Industries's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (10965	+	9973)	/	2 )	/	67860	*	365
=	10469					/	67860	*	365
=	56.31

Arakawa Chemical Industries's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8491	+	9876)	/	2 )	/	15521	*	365 / 4
=	9183.5					/	15521	*	365 / 4
=	53.99

Arakawa Chemical Industries Days Payable Related Terms

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Arakawa Chemical Industries (TSE:4968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arakawa Chemical Industries Ltd (TSE:4968) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, No. 1, Hirano-cho, Chuo-ku, Osaka, JPN, 541-0046

Website

http://www.arakawachem.co.jp

Arakawa Chemical Industries Ltd is engaged in the production and sales of paper chemicals, resins for printing inks, resins for adhesives/adhesives, and intermediates for electronic materials. It manufactures various paper chemicals including water-repellents, sizing agents, paper surface improving agents, and paper strengthening, and other types of papers. It also provides printing inks for offset printing; book (magazine)-gravures and food-package-gravures. It also offers electronic materials, including rosins for use as raw material of chemicals and electronic components.

Arakawa Chemical Industries (TSE:4968) Headlines

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