Fulltech Co (TSE:6546) Days Payable : 48.54 (As of Jun. 2024)

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What is Fulltech Co Days Payable?

Fulltech Co's average Accounts Payable for the three months ended in Jun. 2024 was 円1,021 Mil. Fulltech Co's Cost of Goods Sold for the three months ended in Jun. 2024 was 円1,920 Mil. Hence, Fulltech Co's Days Payable for the three months ended in Jun. 2024 was 48.54.

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

TSE:6546' s Days Payable Range Over the Past 10 Years
Min: 45.42 Med: 105.76 Max: 110.05
Current: 45.42

During the past 9 years, Fulltech Co's highest Days Payable was 110.05. The lowest was 45.42. And the median was 105.76.

TSE:6546's Days Payable is ranked worse than
73.78% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs TSE:6546: 45.42

Fulltech Co's Days Payable declined from Jun. 2023 (57.58) to Jun. 2024 (48.54). It may suggest that Fulltech Co accelerated paying its suppliers.

Fulltech Co Days Payable Historical Data

The historical data trend for Fulltech 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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Fulltech Co Days Payable Chart

Fulltech Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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109.26

105.76

104.34

68.79

50.90

Fulltech Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															57.58	50.76	48.70	40.46	48.54

Competitive Comparison of Fulltech Co's Days Payable

For the Specialty Industrial Machinery subindustry, Fulltech 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.

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

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

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

Fulltech 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.

Fulltech Co'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
=	( (1157.677	+	1279.21)	/	2 )	/	8736.647	*	365
=	1218.4435					/	8736.647	*	365
=	50.90

Fulltech Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1125.921	+	916.948)	/	2 )	/	1920.367	*	365 / 4
=	1021.4345					/	1920.367	*	365 / 4
=	48.54

Fulltech Co Days Payable Related Terms

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Fulltech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fulltech Co Ltd (TSE:6546) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-4-3 Odorihigashi, Chuo-ku, Hokkaido, Sapporo, JPN, 060-0041

Website

http://www.fulltech1963.com

Fulltech Co Ltd is engaged in the sale, construction, and maintenance of automatic door operating device, and also manufactures and sells stainless steel fittings. It also sales bicycle parking system, bicycle parking rack, smoking area system.

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