Techno Smart (TSE:6246) Days Payable : 27.01 (As of Dec. 2023)

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What is Techno Smart Days Payable?

Techno Smart's average Accounts Payable for the three months ended in Dec. 2023 was 円1,343 Mil. Techno Smart's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,535 Mil. Hence, Techno Smart's Days Payable for the three months ended in Dec. 2023 was 27.01.

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

TSE:6246' s Days Payable Range Over the Past 10 Years
Min: 28.95 Med: 45.2 Max: 130.76
Current: 28.95

During the past 13 years, Techno Smart's highest Days Payable was 130.76. The lowest was 28.95. And the median was 45.20.

TSE:6246's Days Payable is ranked worse than
89.7% of 2923 companies
in the Industrial Products industry
Industry Median: 76.74 vs TSE:6246: 28.95

Techno Smart's Days Payable declined from Dec. 2022 (28.91) to Dec. 2023 (27.01). It may suggest that Techno Smart accelerated paying its suppliers.

Techno Smart Days Payable Historical Data

The historical data trend for Techno Smart'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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Techno Smart Days Payable Chart

Techno Smart Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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49.30

41.09

38.10

40.63

39.41

Techno Smart 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															28.91	30.77	29.98	30.32	27.01

Competitive Comparison of Techno Smart's Days Payable

For the Specialty Industrial Machinery subindustry, Techno Smart'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.

Techno Smart's Days Payable Distribution in the Industrial Products Industry

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

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

Techno Smart 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.

Techno Smart'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
=	( (2435.268	+	1128.527)	/	2 )	/	16502.947	*	365
=	1781.8975					/	16502.947	*	365
=	39.41

Techno Smart'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
=	( (1432.624	+	1252.667)	/	2 )	/	4535.364	*	365 / 4
=	1342.6455					/	4535.364	*	365 / 4
=	27.01

Techno Smart Days Payable Related Terms

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Techno Smart (TSE:6246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techno Smart Corp (TSE:6246) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

2nd Floor, Kyutaro-machi Kowa Building, 5-28 Kyutaro-machi 2-chome, Chuo-ku, Osaka, JPN, 541-0056

Website

http://www.technosmart.co.jp

Techno Smart Corp is engaged in the designing and manufacturing of lithium-ion battery electrode manufacturing devices. LCD polarized film manufacturing devices, other film manufacturing devices and precision instruments for coating and laminating. The company's products offerings include CED coaters, Die coaters, Floating dryer, Unwind devices, Laboratory coater, among others.

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