Iwaki Co (TSE:6237) Days Payable : 57.39 (As of Dec. 2023)

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What is Iwaki Co Days Payable?

Iwaki Co's average Accounts Payable for the three months ended in Dec. 2023 was 円3,959 Mil. Iwaki Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円6,294 Mil. Hence, Iwaki Co's Days Payable for the three months ended in Dec. 2023 was 57.39.

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

TSE:6237' s Days Payable Range Over the Past 10 Years
Min: 45.47 Med: 87.48 Max: 100.02
Current: 48.97

During the past 8 years, Iwaki Co's highest Days Payable was 100.02. The lowest was 45.47. And the median was 87.48.

TSE:6237's Days Payable is ranked worse than
71.17% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs TSE:6237: 48.97

Iwaki Co's Days Payable increased from Dec. 2022 (37.41) to Dec. 2023 (57.39). It may suggest that Iwaki Co delayed paying its suppliers.

Iwaki Co Days Payable Historical Data

The historical data trend for Iwaki 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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Iwaki Co Days Payable Chart

Iwaki Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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100.02

95.62

83.90

53.68

45.47

Iwaki Co 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															37.41	42.45	48.55	51.82	57.39

Competitive Comparison of Iwaki Co's Days Payable

For the Specialty Industrial Machinery subindustry, Iwaki 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.

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

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

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

Iwaki 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.

Iwaki Co'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
=	( (2492.928	+	3687.101)	/	2 )	/	24806.952	*	365
=	3090.0145					/	24806.952	*	365
=	45.47

Iwaki Co'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
=	( (3992.411	+	3925.06)	/	2 )	/	6294.074	*	365 / 4
=	3958.7355					/	6294.074	*	365 / 4
=	57.39

Iwaki Co Days Payable Related Terms

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Iwaki Co (TSE:6237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Iwaki Co Ltd (TSE:6237) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-6-6, Kanda Suda-cho, Chiyoda-ku, Tokyo, JPN, 101-8558

Website

http://www.iwakipumps.jp

Iwaki Co Ltd engages in the development, production and sale of various types of fluid control products and pumps, including the chemical pump. The company offers magnetic drive pumps and related accessories; metering pumps, including motor-driven and electromagnetic metering pumps; and pneumatic drive pumps, such as pneumatic drive bellow, drive dispenser, and chemical replenishing pumps, as well as related accessories. It also provides rotary displacement pumps comprising hi-cera, magnetic drive gear, chemical gear, and screw pumps; air pumps consisting of gas-liquid transfer pumps, and diaphragm and bellows type air pumps; and turbine pumps that include non-metal magnetic and magnetic drive turbine pumps. In addition, the company offers water quality control devices.

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