TVE Co (TSE:6466) Days Payable : 31.25 (As of Mar. 2024)

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What is TVE Co Days Payable?

TVE Co's average Accounts Payable for the three months ended in Mar. 2024 was 円632 Mil. TVE Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円1,844 Mil. Hence, TVE Co's Days Payable for the three months ended in Mar. 2024 was 31.25.

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

TSE:6466' s Days Payable Range Over the Past 10 Years
Min: 21.8 Med: 31.53 Max: 38.94
Current: 28.93

During the past 13 years, TVE Co's highest Days Payable was 38.94. The lowest was 21.80. And the median was 31.53.

TSE:6466's Days Payable is ranked worse than
89.75% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs TSE:6466: 28.93

TVE Co's Days Payable increased from Mar. 2023 (28.43) to Mar. 2024 (31.25). It may suggest that TVE Co delayed paying its suppliers.

TVE Co Days Payable Historical Data

The historical data trend for TVE 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.

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TVE Co Days Payable Chart

TVE Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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35.95

38.94

23.58

22.95

21.80

TVE Co 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															28.43	34.42	24.21	25.62	31.25

Competitive Comparison of TVE Co's Days Payable

For the Specialty Industrial Machinery subindustry, TVE 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.

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

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

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

TVE 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.

TVE Co's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (436.585	+	394.309)	/	2 )	/	6956.357	*	365
=	415.447					/	6956.357	*	365
=	21.80

TVE Co'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
=	( (660.204	+	603.231)	/	2 )	/	1844.327	*	365 / 4
=	631.7175					/	1844.327	*	365 / 4
=	31.25

TVE Co Days Payable Related Terms

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TVE Co (TSE:6466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TVE Co Ltd (TSE:6466) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-12-1, Nishitachibana-cho, Amagasaki-shi, Hyogo, Amagasaki, JPN, 660-0054

Website

http://www.toavalve.co.jp

TVE Co Ltd is engaged in the manufacture and sale of various valves and cast steel products, and maintenance work of various valves. The products of the company include safety valve, relief valve, sluice valve, check valve, special valve, and globe valve.

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