Riken Corundum Co (TSE:5395) Days Payable : 39.80 (As of Mar. 2024)

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What is Riken Corundum Co Days Payable?

Riken Corundum Co's average Accounts Payable for the three months ended in Mar. 2024 was 円371 Mil. Riken Corundum Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円852 Mil. Hence, Riken Corundum Co's Days Payable for the three months ended in Mar. 2024 was 39.80.

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

TSE:5395' s Days Payable Range Over the Past 10 Years
Min: 39.72 Med: 78.08 Max: 92.04
Current: 42.68

During the past 13 years, Riken Corundum Co's highest Days Payable was 92.04. The lowest was 39.72. And the median was 78.08.

TSE:5395's Days Payable is ranked worse than
68.22% of 1501 companies
in the Chemicals industry
Industry Median: 60.44 vs TSE:5395: 42.68

Riken Corundum Co's Days Payable declined from Mar. 2023 (46.27) to Mar. 2024 (39.80). It may suggest that Riken Corundum Co accelerated paying its suppliers.

Riken Corundum Co Days Payable Historical Data

The historical data trend for Riken Corundum 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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Riken Corundum Co Days Payable Chart

Riken Corundum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.33

84.76

59.62

48.96

39.72

Riken Corundum 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															46.27	44.95	43.39	39.19	39.80

Competitive Comparison of Riken Corundum Co's Days Payable

For the Specialty Chemicals subindustry, Riken Corundum 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.

Riken Corundum Co's Days Payable Distribution in the Chemicals Industry

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

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

Riken Corundum 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.

Riken Corundum 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
=	( (399.367	+	338.535)	/	2 )	/	3390.196	*	365
=	368.951					/	3390.196	*	365
=	39.72

Riken Corundum 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
=	( (338.535	+	404.456)	/	2 )	/	851.632	*	365 / 4
=	371.4955					/	851.632	*	365 / 4
=	39.80

Riken Corundum Co Days Payable Related Terms

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Riken Corundum Co (TSE:5395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Riken Corundum Co Ltd (TSE:5395) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

547-1, miyamae, Saitama, Konosu, JPN, 365-0051

Website

http://www.rikencorundum.co.jp

Riken Corundum Co Ltd is an abrasive product manufacturing company. It is primarily engaged in the manufacturing and selling of coated abrasive papers, abrasive cloths, abrasive powders, OA equipment parts, and merchandise for personal use. In addition, it is also involved in the management and rental of real estate.

Riken Corundum Co (TSE:5395) Headlines

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