Placo Co (TSE:6347) Days Payable : 45.97 (As of Dec. 2023)

View and export this data going back to 1973. Start your Free Trial

What is Placo Co Days Payable?

Placo Co's average Accounts Payable for the three months ended in Dec. 2023 was 円338 Mil. Placo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円672 Mil. Hence, Placo Co's Days Payable for the three months ended in Dec. 2023 was 45.97.

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

TSE:6347' s Days Payable Range Over the Past 10 Years
Min: 35.37 Med: 60.35 Max: 81.66
Current: 35.37

During the past 13 years, Placo Co's highest Days Payable was 81.66. The lowest was 35.37. And the median was 60.35.

TSE:6347's Days Payable is ranked worse than
84.81% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs TSE:6347: 35.37

Placo Co's Days Payable increased from Dec. 2022 (24.84) to Dec. 2023 (45.97). It may suggest that Placo Co delayed paying its suppliers.

Placo Co Days Payable Historical Data

The historical data trend for Placo 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.

* Premium members only.

Placo Co Days Payable Chart

Placo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

76.46

81.66

60.44

60.25

55.42

Placo 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															24.84	24.77	76.41	34.09	45.97

Competitive Comparison of Placo Co's Days Payable

For the Specialty Industrial Machinery subindustry, Placo 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.

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

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

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

Placo 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.

Placo 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
=	( (447.551	+	223.24)	/	2 )	/	2208.882	*	365
=	335.3955					/	2208.882	*	365
=	55.42

Placo 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
=	( (546.969	+	129.915)	/	2 )	/	671.845	*	365 / 4
=	338.442					/	671.845	*	365 / 4
=	45.97

Placo Co Days Payable Related Terms

Thank you for viewing the detailed overview of Placo Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Placo Co (TSE:6347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Placo Co Ltd (TSE:6347) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

550 Sasakubo Shinda, Iwatsuki-ku, Saitama prefecture, Saitama, JPN, 339 8558

Website

http://www.placo.co.jp

Placo Co Ltd is a Japanese manufacturer of the plastic processing machine and recycling equipment. It offers products such as blown film forming machine, blow molding machine, recycling machine, labor-saving equipment, and environment-related equipment, among others.

Placo Co (TSE:6347) Headlines

No Headlines