Mitsubishi Steel Mfg.Co (TSE:5632) Days Payable : 32.57 (As of Sep. 2024)

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What is Mitsubishi Steel Mfg.Co Days Payable?

Mitsubishi Steel Mfg.Co's average Accounts Payable for the three months ended in Sep. 2024 was 円12,051 Mil. Mitsubishi Steel Mfg.Co's Cost of Goods Sold for the three months ended in Sep. 2024 was 円33,760 Mil. Hence, Mitsubishi Steel Mfg.Co's Days Payable for the three months ended in Sep. 2024 was 32.57.

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

TSE:5632' s Days Payable Range Over the Past 10 Years
Min: 36.63 Med: 42.6 Max: 60.41
Current: 36.63

During the past 13 years, Mitsubishi Steel Mfg.Co's highest Days Payable was 60.41. The lowest was 36.63. And the median was 42.60.

TSE:5632's Days Payable is ranked worse than
53.91% of 601 companies
in the Steel industry
Industry Median: 39.45 vs TSE:5632: 36.63

Mitsubishi Steel Mfg.Co's Days Payable declined from Sep. 2023 (35.03) to Sep. 2024 (32.57). It may suggest that Mitsubishi Steel Mfg.Co accelerated paying its suppliers.

Mitsubishi Steel Mfg.Co Days Payable Historical Data

The historical data trend for Mitsubishi Steel Mfg.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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Mitsubishi Steel Mfg.Co Days Payable Chart

Mitsubishi Steel Mfg.Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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43.75

47.41

40.59

39.40

41.45

Mitsubishi Steel Mfg.Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															37.78	38.08	45.65	32.57	33.67

Competitive Comparison of Mitsubishi Steel Mfg.Co's Days Payable

For the Steel subindustry, Mitsubishi Steel Mfg.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.

Mitsubishi Steel Mfg.Co's Days Payable Distribution in the Steel Industry

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

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

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Mitsubishi Steel Mfg.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.

Mitsubishi Steel Mfg.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
=	( (16247	+	17401)	/	2 )	/	148155	*	365
=	16824					/	148155	*	365
=	41.45

Mitsubishi Steel Mfg.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	+	12051)	/	1 )	/	33760	*	365 / 4
=	12051					/	33760	*	365 / 4
=	32.57

Mitsubishi Steel Mfg.Co Days Payable Related Terms

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Mitsubishi Steel Mfg.Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mitsubishi Steel Mfg.Co Ltd (TSE:5632) » Definitions » Days Payable

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0BK:Germany

Address

Harumi Park Bldg., 2-22, Harumi 3-chome, Chuo-ku, Tokyo, JPN, 1048550

Website

http://www.mitsubishisteel.co.jp

Mitsubishi Steel Mfg.Co Ltd engages in the manufacture and sale of special steels, spring, casting and forging materials, and machinery. It offers its products in varied categories; special steel bars unit handles the manufacture and sale of steel bars that includes machine structural alloy steel, carbon steel for machine structural use, and bearing steel. Springs products include coil, leaf, and precision springs, press assembly, and shoe plate for rubber pad. Formed and fabricated products cover the manufacture and sale of steel and precision casting, precision machined component, alloy material, and special alloy and fine powder. Machinery business manufactures and sells press machine, general industrial and plant machinery, environmental equipment, and magnetic separator.

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