Tokyo Radiator Mfg Co (TSE:7235) Days Payable : 34.64 (As of Dec. 2023)

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What is Tokyo Radiator Mfg Co Days Payable?

Tokyo Radiator Mfg Co's average Accounts Payable for the three months ended in Dec. 2023 was 円2,910 Mil. Tokyo Radiator Mfg Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円7,666 Mil. Hence, Tokyo Radiator Mfg Co's Days Payable for the three months ended in Dec. 2023 was 34.64.

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

TSE:7235' s Days Payable Range Over the Past 10 Years
Min: 5.7 Med: 44.91 Max: 88.94
Current: 39.74

During the past 13 years, Tokyo Radiator Mfg Co's highest Days Payable was 88.94. The lowest was 5.70. And the median was 44.91.

TSE:7235's Days Payable is ranked worse than
76.17% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.48 vs TSE:7235: 39.74

Tokyo Radiator Mfg Co's Days Payable declined from Dec. 2022 (38.69) to Dec. 2023 (34.64). It may suggest that Tokyo Radiator Mfg Co accelerated paying its suppliers.

Tokyo Radiator Mfg Co Days Payable Historical Data

The historical data trend for Tokyo Radiator Mfg 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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Tokyo Radiator Mfg Co Days Payable Chart

Tokyo Radiator Mfg Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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41.75

40.58

51.11

53.66

44.90

Tokyo Radiator Mfg 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															38.69	45.71	40.32	36.31	34.64

Competitive Comparison of Tokyo Radiator Mfg Co's Days Payable

For the Auto Parts subindustry, Tokyo Radiator Mfg 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.

Tokyo Radiator Mfg Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tokyo Radiator Mfg Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tokyo Radiator Mfg Co's Days Payable falls into.

Tokyo Radiator Mfg 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.

Tokyo Radiator Mfg 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
=	( (3510.056	+	3387.443)	/	2 )	/	28033.056	*	365
=	3448.7495					/	28033.056	*	365
=	44.90

Tokyo Radiator Mfg 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
=	( (2614.542	+	3205.96)	/	2 )	/	7666.175	*	365 / 4
=	2910.251					/	7666.175	*	365 / 4
=	34.64

Tokyo Radiator Mfg Co Days Payable Related Terms

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Tokyo Radiator Mfg Co (TSE:7235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tokyo Radiator Mfg Co Ltd (TSE:7235) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2002-1 Endo, Fujisawa-city, Kanagawa, JPN, 252-0816

Website

http://www.tokyo-radiator.co.jp

Tokyo Radiator Mfg Co Ltd manufactures and sells heat exchangers and body components in Japan. Its products include parts for heat exchangers, such as radiators, exhaust gas recirculation (EGR) coolers, oil coolers, and fuel coolers, among others; as well as automobile body components, such as oil pans, vacuum tanks, fuel tanks, and selective catalytic reduction (SCR) tanks.

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