Asahi Rubber (TSE:5162) Days Payable : 17.90 (As of Dec. 2023)

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What is Asahi Rubber Days Payable?

Asahi Rubber's average Accounts Payable for the three months ended in Dec. 2023 was 円275 Mil. Asahi Rubber's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,402 Mil. Hence, Asahi Rubber's Days Payable for the three months ended in Dec. 2023 was 17.90.

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

TSE:5162' s Days Payable Range Over the Past 10 Years
Min: 19.57 Med: 30.33 Max: 78.16
Current: 19.57

During the past 13 years, Asahi Rubber's highest Days Payable was 78.16. The lowest was 19.57. And the median was 30.33.

TSE:5162's Days Payable is ranked worse than
92.41% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 66.62 vs TSE:5162: 19.57

Asahi Rubber's Days Payable declined from Dec. 2022 (20.07) to Dec. 2023 (17.90). It may suggest that Asahi Rubber accelerated paying its suppliers.

Asahi Rubber Days Payable Historical Data

The historical data trend for Asahi Rubber'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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Asahi Rubber Days Payable Chart

Asahi Rubber Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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27.12

25.95

29.68

26.52

20.55

Asahi Rubber 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															20.07	20.43	19.69	18.70	17.90

Competitive Comparison of Asahi Rubber's Days Payable

For the Auto Parts subindustry, Asahi Rubber'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.

Asahi Rubber's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Asahi Rubber's Days Payable distribution charts can be found below:

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

Asahi Rubber 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.

Asahi Rubber'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
=	( (337.613	+	275.83)	/	2 )	/	5446.605	*	365
=	306.7215					/	5446.605	*	365
=	20.55

Asahi Rubber'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
=	( (250.711	+	299.474)	/	2 )	/	1402.296	*	365 / 4
=	275.0925					/	1402.296	*	365 / 4
=	17.90

Asahi Rubber Days Payable Related Terms

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Asahi Rubber (TSE:5162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Asahi Rubber Inc (TSE:5162) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Mt. Toba, Omiya-ku, Saitama-shi, Tokyo, JPN

Website

http://www.asahi-rubber.co.jp

Asahi Rubber Inc is engaged in manufacturing and selling industrial products. The products of the company include ASA color red, ASA color lens, ASA color resist ink, ASA color filter.

Asahi Rubber (TSE:5162) Headlines

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