Optex Group Co (TSE:6914) Days Payable : 36.09 (As of Dec. 2023)

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What is Optex Group Co Days Payable?

Optex Group Co's average Accounts Payable for the three months ended in Dec. 2023 was 円2,959 Mil. Optex Group Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円7,481 Mil. Hence, Optex Group Co's Days Payable for the three months ended in Dec. 2023 was 36.09.

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

TSE:6914' s Days Payable Range Over the Past 10 Years
Min: 32.89 Med: 38.72 Max: 42.88
Current: 42.88

During the past 13 years, Optex Group Co's highest Days Payable was 42.88. The lowest was 32.89. And the median was 38.72.

TSE:6914's Days Payable is ranked worse than
75.51% of 2421 companies
in the Hardware industry
Industry Median: 67.76 vs TSE:6914: 42.88

Optex Group Co's Days Payable declined from Dec. 2022 (41.24) to Dec. 2023 (36.09). It may suggest that Optex Group Co accelerated paying its suppliers.

Optex Group Co Days Payable Historical Data

The historical data trend for Optex Group 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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Optex Group Co Days Payable Chart

Optex Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.60

41.59

37.78

39.17

39.39

Optex Group 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															41.24	45.99	48.71	45.15	36.09

Competitive Comparison of Optex Group Co's Days Payable

For the Electronic Components subindustry, Optex Group 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.

Optex Group Co's Days Payable Distribution in the Hardware Industry

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

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

Optex Group 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.

Optex Group 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
=	( (3165	+	2792)	/	2 )	/	27597	*	365
=	2978.5					/	27597	*	365
=	39.39

Optex Group 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
=	( (3126	+	2792)	/	2 )	/	7481	*	365 / 4
=	2959					/	7481	*	365 / 4
=	36.09

Optex Group Co Days Payable Related Terms

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Optex Group Co (TSE:6914) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optex Group Co Ltd (TSE:6914) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-8-12, Ogoto Otsu, Shiga, JPN, 520-0101

Website

http://www.optex.co.jp

Optex Group Co Ltd is a Japan sensors and related system manufacturing company. It offers its services in the field of security, factory automation, etc. It operates in four business segments namely, sensing segment, factory automation segment, machine vision lighting segment and contract manufacturing segment. Its products include CCTV lighting and other various sensor systems, automatic door sensor and shutter, lighting control, factory automation, industrial LED lighting, temperature measuring systems, water quality measuring systems, store management system, safety drive support system, building automation and Video Analytics Software. The company generates maximum revenue from sensing segment.

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