Techno Horizon Co (TSE:6629) Days Payable : 69.61 (As of Dec. 2023)

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What is Techno Horizon Co Days Payable?

Techno Horizon Co's average Accounts Payable for the three months ended in Dec. 2023 was 円6,830 Mil. Techno Horizon Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,953 Mil. Hence, Techno Horizon Co's Days Payable for the three months ended in Dec. 2023 was 69.61.

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

TSE:6629' s Days Payable Range Over the Past 10 Years
Min: 55.22 Med: 58.93 Max: 70.09
Current: 67.63

During the past 13 years, Techno Horizon Co's highest Days Payable was 70.09. The lowest was 55.22. And the median was 58.93.

TSE:6629's Days Payable is ranked worse than
50.35% of 2421 companies
in the Hardware industry
Industry Median: 67.83 vs TSE:6629: 67.63

Techno Horizon Co's Days Payable increased from Dec. 2022 (64.16) to Dec. 2023 (69.61). It may suggest that Techno Horizon Co delayed paying its suppliers.

Techno Horizon Co Days Payable Historical Data

The historical data trend for Techno Horizon 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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Techno Horizon Co Days Payable Chart

Techno Horizon Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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70.09

58.05

56.28

55.90

67.28

Techno Horizon 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															64.16	61.29	81.88	66.82	69.61

Competitive Comparison of Techno Horizon Co's Days Payable

For the Electronic Components subindustry, Techno Horizon 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.

Techno Horizon Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Techno Horizon Co's Days Payable distribution charts can be found below:

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

Techno Horizon 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.

Techno Horizon 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
=	( (4489.846	+	8388.381)	/	2 )	/	34930.82	*	365
=	6439.1135					/	34930.82	*	365
=	67.28

Techno Horizon 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
=	( (7173.253	+	6486.897)	/	2 )	/	8952.998	*	365 / 4
=	6830.075					/	8952.998	*	365 / 4
=	69.61

Techno Horizon Co Days Payable Related Terms

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Techno Horizon Co (TSE:6629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Techno Horizon Co Ltd (TSE:6629) » Definitions » Days Payable

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Address

2-13-1 Chikama-tori, Minami-ku, Nagoya, Aichi, JPN, 457-0071

Website

https://www.technohorizon.co.jp

Techno Horizon Co Ltd is a Japan-based company engaged in optical business and electronic business. The company manufactures and sells optical, electrical, medical, and precision equipment; develops, manufactures, and sells information and communication equipment, FA related equipment, and other electronic devices; and produces and sells various optical lenses and plastic moulded products, as well as provides system integration services.

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