Towa (TSE:6315) Days Payable : 42.26 (As of Dec. 2023)

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What is Towa Days Payable?

Towa's average Accounts Payable for the three months ended in Dec. 2023 was 円3,095 Mil. Towa's Cost of Goods Sold for the three months ended in Dec. 2023 was 円6,683 Mil. Hence, Towa's Days Payable for the three months ended in Dec. 2023 was 42.26.

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

TSE:6315' s Days Payable Range Over the Past 10 Years
Min: 32.06 Med: 53.21 Max: 65.24
Current: 35.31

During the past 13 years, Towa's highest Days Payable was 65.24. The lowest was 32.06. And the median was 53.21.

TSE:6315's Days Payable is ranked worse than
70.76% of 961 companies
in the Semiconductors industry
Industry Median: 51.74 vs TSE:6315: 35.31

Towa's Days Payable increased from Dec. 2022 (38.70) to Dec. 2023 (42.26). It may suggest that Towa delayed paying its suppliers.

Towa Days Payable Historical Data

The historical data trend for Towa'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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Towa Days Payable Chart

Towa Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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47.80

32.06

53.26

53.16

39.20

Towa 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															38.70	26.27	39.97	34.25	42.26

Competitive Comparison of Towa's Days Payable

For the Semiconductor Equipment & Materials subindustry, Towa'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.

Towa's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Towa's Days Payable distribution charts can be found below:

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

Towa 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.

Towa'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
=	( (5110.149	+	2411.521)	/	2 )	/	35014.117	*	365
=	3760.835					/	35014.117	*	365
=	39.20

Towa'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
=	( (2819.235	+	3371.149)	/	2 )	/	6682.871	*	365 / 4
=	3095.192					/	6682.871	*	365 / 4
=	42.26

Towa Days Payable Related Terms

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Towa (TSE:6315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Towa Corp (TSE:6315) » Definitions » Days Payable

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TWA:Germany

Address

5 Kamichoshi-cho, Kamitoba, Minami-ku, Kyoto, JPN, 601-8105

Website

http://www.towajapan.co.jp

Towa Corp develops, manufactures and sells resin encapsulation systems for semiconductors and singulation systems. In addition, it also manufactures and sells precision molds for manufacturing semiconductors and plastic molded products. Its product portfolio is divided into two technologies molding including light-emitting diode, semiconductor, and sensors/module products and Singulation including semiconductor, and light-emitting diode-other applications. The company's segments include semiconductor equipment and fine plastic mold. The majority of the company revenue is derived from the sale of semiconductor equipment.

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