Iseki (TSE:6310) Days Payable : 48.78 (As of Mar. 2024)

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What is Iseki Days Payable?

Iseki's average Accounts Payable for the three months ended in Mar. 2024 was 円16,532 Mil. Iseki's Cost of Goods Sold for the three months ended in Mar. 2024 was 円30,925 Mil. Hence, Iseki's Days Payable for the three months ended in Mar. 2024 was 48.78.

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

TSE:6310' s Days Payable Range Over the Past 10 Years
Min: 53.99 Med: 81.53 Max: 141.32
Current: 55.61

During the past 13 years, Iseki's highest Days Payable was 141.32. The lowest was 53.99. And the median was 81.53.

TSE:6310's Days Payable is ranked worse than
70.39% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.58 vs TSE:6310: 55.61

Iseki's Days Payable declined from Mar. 2023 (58.21) to Mar. 2024 (48.78). It may suggest that Iseki accelerated paying its suppliers.

Iseki Days Payable Historical Data

The historical data trend for Iseki'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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Iseki Days Payable Chart

Iseki Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.56

73.03

66.35

62.12

53.99

Iseki Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															58.21	53.34	58.02	59.41	48.78

Competitive Comparison of Iseki's Days Payable

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

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

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

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

Iseki 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.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (19457	+	15914)	/	2 )	/	119557	*	365
=	17685.5					/	119557	*	365
=	53.99

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

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (15914	+	17149)	/	2 )	/	30925	*	365 / 4
=	16531.5					/	30925	*	365 / 4
=	48.78

Iseki Days Payable Related Terms

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Iseki (TSE:6310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Iseki & Co Ltd (TSE:6310) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-14, Nishi-Nippori 5-chome, Arakawa-ku, Tokyo, JPN, 799-2692

Website

http://www.iseki.co.jp

Iseki & Co Ltd is a manufacturer of agricultural machinery in Japan whose products include cultivating machinery comprising tractors, multipurpose vehicles, and tillers; planting machinery, including rice and vegetable transplanters; and harvesting machinery consisting of combine harvesters and binders. The company distributes its products within domestic market and to overseas markets through its distribution network.

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