TONE Co (TSE:5967) Days Payable : 51.42 (As of Feb. 2024)

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What is TONE Co Days Payable?

TONE Co's average Accounts Payable for the three months ended in Feb. 2024 was 円644 Mil. TONE Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円1,144 Mil. Hence, TONE Co's Days Payable for the three months ended in Feb. 2024 was 51.42.

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

TSE:5967' s Days Payable Range Over the Past 10 Years
Min: 12.82 Med: 61.6 Max: 107.85
Current: 53.7

During the past 13 years, TONE Co's highest Days Payable was 107.85. The lowest was 12.82. And the median was 61.60.

TSE:5967's Days Payable is ranked worse than
66.49% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs TSE:5967: 53.70

TONE Co's Days Payable declined from Feb. 2023 (67.02) to Feb. 2024 (51.42). It may suggest that TONE Co accelerated paying its suppliers.

TONE Co Days Payable Historical Data

The historical data trend for TONE 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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TONE Co Days Payable Chart

TONE Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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64.37

70.24

58.83

50.40

65.10

TONE Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															67.02	50.69	72.88	42.58	51.42

Competitive Comparison of TONE Co's Days Payable

For the Tools & Accessories subindustry, TONE 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.

TONE Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, TONE Co's Days Payable distribution charts can be found below:

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

TONE 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.

TONE Co's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (613.078	+	733.72)	/	2 )	/	3775.857	*	365
=	673.399					/	3775.857	*	365
=	65.10

TONE Co's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (576.826	+	711.987)	/	2 )	/	1143.524	*	365 / 4
=	644.4065					/	1143.524	*	365 / 4
=	51.42

TONE Co Days Payable Related Terms

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TONE Co (TSE:5967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TONE Co Ltd (TSE:5967) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-57, Minatomachi 2-Chome, Naniwa-Ku, Osaka, JPN, 556-0017

Website

http://www.tonetool.co.jp

TONE Co Ltd is engaged in the manufacture of work tool for the professional automotive machine direction, and industrial construction and civil engineering development, manufacturing and sales of power tools and torque management devices.

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