Tokyo Steel Manufacturing Co (TSE:5423) Days Payable : 57.69 (As of Sep. 2024)

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What is Tokyo Steel Manufacturing Co Days Payable?

Tokyo Steel Manufacturing Co's average Accounts Payable for the three months ended in Sep. 2024 was 円43,782 Mil. Tokyo Steel Manufacturing Co's Cost of Goods Sold for the three months ended in Sep. 2024 was 円69,254 Mil. Hence, Tokyo Steel Manufacturing Co's Days Payable for the three months ended in Sep. 2024 was 57.69.

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

TSE:5423' s Days Payable Range Over the Past 10 Years
Min: 49.23 Med: 58.57 Max: 66.55
Current: 61.64

During the past 13 years, Tokyo Steel Manufacturing Co's highest Days Payable was 66.55. The lowest was 49.23. And the median was 58.57.

TSE:5423's Days Payable is ranked better than
67.72% of 604 companies
in the Steel industry
Industry Median: 40.4 vs TSE:5423: 61.64

Tokyo Steel Manufacturing Co's Days Payable declined from Sep. 2023 (62.75) to Sep. 2024 (57.69). It may suggest that Tokyo Steel Manufacturing Co accelerated paying its suppliers.

Tokyo Steel Manufacturing Co Days Payable Historical Data

The historical data trend for Tokyo Steel Manufacturing 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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Tokyo Steel Manufacturing Co Days Payable Chart

Tokyo Steel Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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59.51

66.55

57.62

56.05

60.61

Tokyo Steel Manufacturing Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															62.75	64.73	63.40	61.95	57.69

Competitive Comparison of Tokyo Steel Manufacturing Co's Days Payable

For the Steel subindustry, Tokyo Steel Manufacturing 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.

Tokyo Steel Manufacturing Co's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Tokyo Steel Manufacturing Co's Days Payable falls into.

Tokyo Steel Manufacturing 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.

Tokyo Steel Manufacturing Co's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (48018	+	52253)	/	2 )	/	301930	*	365
=	50135.5					/	301930	*	365
=	60.61

Tokyo Steel Manufacturing Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	43782)	/	1 )	/	69254	*	365 / 4
=	43782					/	69254	*	365 / 4
=	57.69

Tokyo Steel Manufacturing Co Days Payable Related Terms

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Tokyo Steel Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tokyo Steel Manufacturing Co Ltd (TSE:5423) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kasumigaseki-Tokyu Bldg 15th Floor, 3-7-1, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 1000013

Website

http://www.tokyosteel.co.jp

Tokyo Steel Manufacturing Co Ltd is a Japan-based company engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in a broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates the majority of its revenue from the Japanese domestic market.

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