TBK Co (TSE:7277) Days Payable : 51.72 (As of Dec. 2023)

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What is TBK Co Days Payable?

TBK Co's average Accounts Payable for the three months ended in Dec. 2023 was 円7,250 Mil. TBK Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円12,791 Mil. Hence, TBK Co's Days Payable for the three months ended in Dec. 2023 was 51.72.

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

TSE:7277' s Days Payable Range Over the Past 10 Years
Min: 34.76 Med: 41.3 Max: 55.9
Current: 45.82

During the past 13 years, TBK Co's highest Days Payable was 55.90. The lowest was 34.76. And the median was 41.30.

TSE:7277's Days Payable is ranked worse than
69.64% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 66.62 vs TSE:7277: 45.82

TBK Co's Days Payable increased from Dec. 2022 (41.00) to Dec. 2023 (51.72). It may suggest that TBK Co delayed paying its suppliers.

TBK Co Days Payable Historical Data

The historical data trend for TBK 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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TBK Co Days Payable Chart

TBK Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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37.69

37.40

42.83

39.77

39.61

TBK 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															41.00	39.89	44.22	48.24	51.72

Competitive Comparison of TBK Co's Days Payable

For the Auto Parts subindustry, TBK 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.

TBK Co's Days Payable Distribution in the Vehicles & Parts Industry

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

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

TBK 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.

TBK 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
=	( (4964	+	5703)	/	2 )	/	49151	*	365
=	5333.5					/	49151	*	365
=	39.61

TBK 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
=	( (7481	+	7019)	/	2 )	/	12791	*	365 / 4
=	7250					/	12791	*	365 / 4
=	51.72

TBK Co Days Payable Related Terms

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TBK Co (TSE:7277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TBK Co Ltd (TSE:7277) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-21-1 Minami-Naruse, Machida-shi, Tokyo, JPN, 194-0045

Website

http://www.tbk-jp.com

TBK Co Ltd is a Japan-based company engages in the development, production, and sales of components for heavy-duty, medium-duty, and light-duty vehicles. Its products portfolio includes brakes including drum brakes consisting of air and hydraulic brakes, as well as auxiliary products for drum brakes, water pumps for engine cooling and oil pumps for engine lubrication.

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