Tokai Carbon Co (TSE:5301) Days Payable : 34.35 (As of Mar. 2024)

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What is Tokai Carbon Co Days Payable?

Tokai Carbon Co's average Accounts Payable for the three months ended in Mar. 2024 was 円23,979 Mil. Tokai Carbon Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円63,700 Mil. Hence, Tokai Carbon Co's Days Payable for the three months ended in Mar. 2024 was 34.35.

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

TSE:5301' s Days Payable Range Over the Past 10 Years
Min: 31.46 Med: 45.33 Max: 50.94
Current: 31.46

During the past 13 years, Tokai Carbon Co's highest Days Payable was 50.94. The lowest was 31.46. And the median was 45.33.

TSE:5301's Days Payable is ranked worse than
79.52% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs TSE:5301: 31.46

Tokai Carbon Co's Days Payable declined from Mar. 2023 (39.31) to Mar. 2024 (34.35). It may suggest that Tokai Carbon Co accelerated paying its suppliers.

Tokai Carbon Co Days Payable Historical Data

The historical data trend for Tokai Carbon 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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Tokai Carbon Co Days Payable Chart

Tokai Carbon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.94

48.46

36.66

37.35

37.01

Tokai Carbon Co 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															39.31	31.07	29.79	30.54	34.35

Competitive Comparison of Tokai Carbon Co's Days Payable

For the Specialty Chemicals subindustry, Tokai Carbon 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.

Tokai Carbon Co's Days Payable Distribution in the Chemicals Industry

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

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

Tokai Carbon 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.

Tokai Carbon 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
=	( (28119	+	25663)	/	2 )	/	265219	*	365
=	26891					/	265219	*	365
=	37.01

Tokai Carbon Co'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
=	( (25663	+	22295)	/	2 )	/	63700	*	365 / 4
=	23979					/	63700	*	365 / 4
=	34.35

Tokai Carbon Co Days Payable Related Terms

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Tokai Carbon Co (TSE:5301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tokai Carbon Co Ltd (TSE:5301) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TKCBY:USA 7TC:Germany

Address

1-2-3 Kita Aoyama Building, Minato-ku, Tokyo, JPN, 107-8636

Website

http://www.tokaicarbon.co.jp

Tokai Carbon Co Ltd is a Japan-based manufacturer of carbon products which include, Carbon black, graphite electrodes, fine carbon friction material and manufactures industrial furnaces, and related products. It operates through three reportable segments, Carbon Black business, Carbon and Ceramics business, and Industrial Furnaces and Related Products business. Carbon black is mainly used as a reinforcing agent of industrial rubber products, typically auto tires. Carbon and Ceramics business segment produces artificial graphite electrodes for electric arc furnaces, fine carbon, carbon brush, impervious graphite, pencil lead-cores. Industrial Furnaces and Related Products segment include Industrial electric furnaces, gas furnaces, silicon carbide heating elements refractory, amongst others.

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