GIKEN (TSE:6289) Days Payable : 20.91 (As of Aug. 2024)

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What is GIKEN Days Payable?

GIKEN's average Accounts Payable for the three months ended in Aug. 2024 was 円1,110 Mil. GIKEN's Cost of Goods Sold for the three months ended in Aug. 2024 was 円4,844 Mil. Hence, GIKEN's Days Payable for the three months ended in Aug. 2024 was 20.91.

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

TSE:6289' s Days Payable Range Over the Past 10 Years
Min: 25.32 Med: 57.14 Max: 178.76
Current: 32.66

During the past 13 years, GIKEN's highest Days Payable was 178.76. The lowest was 25.32. And the median was 57.14.

TSE:6289's Days Payable is ranked worse than
90.87% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 67.64 vs TSE:6289: 32.66

GIKEN's Days Payable declined from Aug. 2023 (31.49) to Aug. 2024 (20.91). It may suggest that GIKEN accelerated paying its suppliers.

GIKEN Days Payable Historical Data

The historical data trend for GIKEN'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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GIKEN Days Payable Chart

GIKEN Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Days Payable

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43.38

30.77

33.37

35.25

25.32

GIKEN Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Payable	Get a 7-Day Free Trial															31.49	40.81	39.29	37.64	20.91

Competitive Comparison of GIKEN's Days Payable

For the Farm & Heavy Construction Machinery subindustry, GIKEN'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.

GIKEN's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, GIKEN's Days Payable distribution charts can be found below:

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

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GIKEN 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.

GIKEN's Days Payable for the fiscal year that ended in Aug. 2024 is calculated as

	Days Payable (A: Aug. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2023 )	+	Accounts Payable (A: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2024 )	*	Days in Period
=	( (1708	+	874)	/	2 )	/	18614	*	365
=	1291					/	18614	*	365
=	25.32

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

	Days Payable (Q: Aug. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2024 )	+	Accounts Payable (Q: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
=	( (1346	+	874)	/	2 )	/	4844	*	365 / 4
=	1110					/	4844	*	365 / 4
=	20.91

GIKEN Days Payable Related Terms

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GIKEN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » GIKEN Ltd (TSE:6289) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3948-1 Nunoshida, Kochi-shi, Kochi, JPN, 7815195

Website

http://www.giken.com

GIKEN Ltd. develops environmentally friendly construction solutions; manufacture and sells industrial machines; and develops solutions to leverage underground space. The products of the company include Silent Piler, GRB System Equipment, Auxiliary Equipment, and Automated Parking Facilities among others.

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