Chubu Steel Plate Co (TSE:5461) Days Payable : 41.55 (As of Dec. 2023)

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What is Chubu Steel Plate Co Days Payable?

Chubu Steel Plate Co's average Accounts Payable for the three months ended in Dec. 2023 was 円6,016 Mil. Chubu Steel Plate Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円13,212 Mil. Hence, Chubu Steel Plate Co's Days Payable for the three months ended in Dec. 2023 was 41.55.

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

TSE:5461' s Days Payable Range Over the Past 10 Years
Min: 6.62 Med: 41.14 Max: 48.75
Current: 43.24

During the past 13 years, Chubu Steel Plate Co's highest Days Payable was 48.75. The lowest was 6.62. And the median was 41.14.

TSE:5461's Days Payable is ranked better than
51.62% of 585 companies
in the Steel industry
Industry Median: 41.52 vs TSE:5461: 43.24

Chubu Steel Plate Co's Days Payable increased from Dec. 2022 (38.84) to Dec. 2023 (41.55). It may suggest that Chubu Steel Plate Co delayed paying its suppliers.

Chubu Steel Plate Co Days Payable Historical Data

The historical data trend for Chubu Steel Plate 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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Chubu Steel Plate Co Days Payable Chart

Chubu Steel Plate Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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48.49

48.75

42.05

38.03

43.95

Chubu Steel Plate Co 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															38.84	42.38	43.66	42.99	41.55

Competitive Comparison of Chubu Steel Plate Co's Days Payable

For the Steel subindustry, Chubu Steel Plate 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.

Chubu Steel Plate Co's Days Payable Distribution in the Steel Industry

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

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

Chubu Steel Plate 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.

Chubu Steel Plate Co'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
=	( (6891	+	7194)	/	2 )	/	58492	*	365
=	7042.5					/	58492	*	365
=	43.95

Chubu Steel Plate Co'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
=	( (4429	+	7603)	/	2 )	/	13212	*	365 / 4
=	6016					/	13212	*	365 / 4
=	41.55

Chubu Steel Plate Co Days Payable Related Terms

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Chubu Steel Plate Co (TSE:5461) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chubu Steel Plate Co Ltd (TSE:5461) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5461:Japan

Address

5-1 -chome, Nakagawa-ku, Nagoya, JPN, 454-8506

Website

http://www.chubukohan.co.jp

Chubu Steel Plate Co Ltd engages in the manufacture and sale of thick steel sheets and pieces, and cutting of steel plates in Japan. The firm offers steel plates, laser cutting steel plates, hydrochloric and sulfuric acid-resistant alloy steel plates, and abrasion-resistant alloy steel plates, as well as steel sheets for building structures. It also provides general, welded, and building structural rolled steel sheets; weather-resistant hot rolled steel sheets for welded construction; carbon steel sheets for boilers and machine structures; and chromium-molybdenum steel plates. The company's products are used in various applications, including construction and industrial machinery, mechanical parts, molds, containers, industrial vehicles, civil engineering, bridges, ships, architecture.

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