Toami (TSE:5973) Days Payable : 61.50 (As of Dec. 2023)

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What is Toami Days Payable?

Toami's average Accounts Payable for the three months ended in Dec. 2023 was 円2,686 Mil. Toami's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,985 Mil. Hence, Toami's Days Payable for the three months ended in Dec. 2023 was 61.50.

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

TSE:5973' s Days Payable Range Over the Past 10 Years
Min: 51.57 Med: 59.71 Max: 71.92
Current: 61.29

During the past 13 years, Toami's highest Days Payable was 71.92. The lowest was 51.57. And the median was 59.71.

TSE:5973's Days Payable is ranked better than
64.27% of 585 companies
in the Steel industry
Industry Median: 41.52 vs TSE:5973: 61.29

Toami's Days Payable increased from Dec. 2022 (59.07) to Dec. 2023 (61.50). It may suggest that Toami delayed paying its suppliers.

Toami Days Payable Historical Data

The historical data trend for Toami'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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Toami Days Payable Chart

Toami Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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64.63

68.96

71.92

64.04

53.06

Toami 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															59.07	62.82	54.13	63.07	61.50

Competitive Comparison of Toami's Days Payable

For the Steel subindustry, Toami'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.

Toami's Days Payable Distribution in the Steel Industry

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

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

Toami 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.

Toami'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
=	( (1821.888	+	2049.549)	/	2 )	/	13315.686	*	365
=	1935.7185					/	13315.686	*	365
=	53.06

Toami'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
=	( (2709.368	+	2662.688)	/	2 )	/	3985.129	*	365 / 4
=	2686.028					/	3985.129	*	365 / 4
=	61.50

Toami Days Payable Related Terms

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Toami (TSE:5973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Toami Corp (TSE:5973) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-20 Nakano-Shinmachi, Shijo Nawate, Osaka, JPN, 575 0054

Website

http://www.toami.co.jp

Toami Corp manufactures and sells welded wire mesh and special welded wire mesh for civil engineering works. It offers welded wire fabrics, welded plates, galvanized iron wires, spiral hoops, net welded wires and plastic coated wires, among others.

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