Aichi Steel (TSE:5482) Days Payable : 71.63 (As of Mar. 2024)

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What is Aichi Steel Days Payable?

Aichi Steel's average Accounts Payable for the three months ended in Mar. 2024 was 円48,158 Mil. Aichi Steel's Cost of Goods Sold for the three months ended in Mar. 2024 was 円61,351 Mil. Hence, Aichi Steel's Days Payable for the three months ended in Mar. 2024 was 71.63.

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

TSE:5482' s Days Payable Range Over the Past 10 Years
Min: 44.55 Med: 57.81 Max: 77.94
Current: 66.28

During the past 13 years, Aichi Steel's highest Days Payable was 77.94. The lowest was 44.55. And the median was 57.81.

TSE:5482's Days Payable is ranked better than
67.69% of 588 companies
in the Steel industry
Industry Median: 39.7 vs TSE:5482: 66.28

Aichi Steel's Days Payable increased from Mar. 2023 (61.74) to Mar. 2024 (71.63). It may suggest that Aichi Steel delayed paying its suppliers.

Aichi Steel Days Payable Historical Data

The historical data trend for Aichi Steel'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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Aichi Steel Days Payable Chart

Aichi Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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59.41

77.94

66.79

65.69

68.58

Aichi Steel 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															61.74	63.70	63.80	64.06	71.63

Competitive Comparison of Aichi Steel's Days Payable

For the Steel subindustry, Aichi Steel'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.

Aichi Steel's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Aichi Steel's Days Payable falls into.

Aichi Steel 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.

Aichi Steel'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
=	( (45662	+	51084)	/	2 )	/	257467	*	365
=	48373					/	257467	*	365
=	68.58

Aichi Steel'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
=	( (45231	+	51084)	/	2 )	/	61351	*	365 / 4
=	48157.5					/	61351	*	365 / 4
=	71.63

Aichi Steel Days Payable Related Terms

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Aichi Steel (TSE:5482) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aichi Steel Corp (TSE:5482) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Wanowari Araomachi, Aichi-ken, Tokai, JPN, 476-8666

Website

http://www.aichi-steel.co.jp

Aichi Steel Corp is a Japan-based company that manufactures and sells steel, forged products and electro-magnetic products. The company operates through four segments. The steel segment manufactures and sells specialty steel, stainless steel, and titanium. The forged product segment produces a wide variety of forgings. The electromagnetic products segment manufactures electromagnetic components. The steel and forged products segments are the two biggest segments, representing the majority of Aichi Steel's sales. Aichi Steel is a member of Toyota Group. Toyota Motor and Toyota Tsusho are its major customers. The company generates most of its revenue from the Japanese domestic market.

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