Iwatsu Electric Co (TSE:6704) Days Payable : 26.03 (As of Mar. 2024)

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What is Iwatsu Electric Co Days Payable?

Iwatsu Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was 円1,129 Mil. Iwatsu Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円3,958 Mil. Hence, Iwatsu Electric Co's Days Payable for the three months ended in Mar. 2024 was 26.03.

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

TSE:6704's Days Payable is not ranked ^*
in the Hardware industry.
Industry Median: 69.04
* Ranked among companies with meaningful Days Payable only.

Iwatsu Electric Co's Days Payable declined from Mar. 2023 (32.39) to Mar. 2024 (26.03). It may suggest that Iwatsu Electric Co accelerated paying its suppliers.

Iwatsu Electric Co Days Payable Historical Data

The historical data trend for Iwatsu Electric 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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Iwatsu Electric Co Days Payable Chart

Iwatsu Electric Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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34.30

40.18

44.07

37.99

34.37

Iwatsu Electric 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															32.39	39.85	39.68	35.17	26.03

Competitive Comparison of Iwatsu Electric Co's Days Payable

For the Communication Equipment subindustry, Iwatsu Electric 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.

Iwatsu Electric Co's Days Payable Distribution in the Hardware Industry

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

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

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Iwatsu Electric 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.

Iwatsu Electric Co's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (1582	+	1113)	/	2 )	/	14309	*	365
=	1347.5					/	14309	*	365
=	34.37

Iwatsu Electric 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
=	( (1145	+	1113)	/	2 )	/	3958	*	365 / 4
=	1129					/	3958	*	365 / 4
=	26.03

Iwatsu Electric Co Days Payable Related Terms

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Iwatsu Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Iwatsu Electric Co Ltd (TSE:6704) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-41, Kugayama, Suginami-ku, Tokyo, JPN

Website

http://www.iwatsu.co.jp

Iwatsu Electric Co Ltd is a Japan-based company engages in the manufacture and sale of telecommunications, printing systems, and test and measurement equipment.

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