Tsudakoma (TSE:6217) Days Payable : 34.21 (As of May. 2024)

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What is Tsudakoma Days Payable?

Tsudakoma's average Accounts Payable for the three months ended in May. 2024 was 円3,430 Mil. Tsudakoma's Cost of Goods Sold for the three months ended in May. 2024 was 円9,147 Mil. Hence, Tsudakoma's Days Payable for the three months ended in May. 2024 was 34.21.

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

TSE:6217' s Days Payable Range Over the Past 10 Years
Min: 30.61 Med: 43.68 Max: 93.49
Current: 39.46

During the past 13 years, Tsudakoma's highest Days Payable was 93.49. The lowest was 30.61. And the median was 43.68.

TSE:6217's Days Payable is ranked worse than
79.59% of 2945 companies
in the Industrial Products industry
Industry Median: 75.41 vs TSE:6217: 39.46

Tsudakoma's Days Payable declined from May. 2023 (34.43) to May. 2024 (34.21). It may suggest that Tsudakoma accelerated paying its suppliers.

Tsudakoma Days Payable Historical Data

The historical data trend for Tsudakoma'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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Tsudakoma Days Payable Chart

Tsudakoma Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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38.99

36.30

30.61

46.47

40.07

Tsudakoma Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Days Payable	Get a 7-Day Free Trial															34.43	47.20	34.95	41.40	34.21

Competitive Comparison of Tsudakoma's Days Payable

For the Specialty Industrial Machinery subindustry, Tsudakoma'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.

Tsudakoma's Days Payable Distribution in the Industrial Products Industry

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

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

Tsudakoma 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.

Tsudakoma's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (4106	+	3434)	/	2 )	/	34345	*	365
=	3770					/	34345	*	365
=	40.07

Tsudakoma's Days Payable for the quarter that ended in May. 2024 is calculated as:

	Days Payable (Q: May. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2024 )	+	Accounts Payable (Q: May. 2024 ))	/	count )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
=	( (3176	+	3683)	/	2 )	/	9147	*	365 / 4
=	3429.5					/	9147	*	365 / 4
=	34.21

Tsudakoma Days Payable Related Terms

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Tsudakoma Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

18-18 Nomachi 5-chome, Kanazawa, JPN, 921-8650

Website

http://www.tsudakoma.co.jp

Tsudakoma Corp engages in the manufacture and sale of textile machinery and machine tool equipment. Its textile machinery comprises air jet looms, water jet looms, and preparatory machines; and parts include conversion kits for air jet looms and water jet looms. The company's machine tool attachments include NC rotary tables, machine vises, and manual tables. It also offers composite machinery, including prepreg slitters, auto-layup machines, carbon fiber rapier looms, and drape forming systems; and cast-iron parts for textile machinery, industrial machinery, and machine tool attachments.

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