Shin-Etsu Polymer Co (TSE:7970) Days Payable : 56.23 (As of Sep. 2024)

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What is Shin-Etsu Polymer Co Days Payable?

Shin-Etsu Polymer Co's average Accounts Payable for the three months ended in Sep. 2024 was 円12,391 Mil. Shin-Etsu Polymer Co's Cost of Goods Sold for the three months ended in Sep. 2024 was 円20,108 Mil. Hence, Shin-Etsu Polymer Co's Days Payable for the three months ended in Sep. 2024 was 56.23.

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

TSE:7970' s Days Payable Range Over the Past 10 Years
Min: 66.07 Med: 78.97 Max: 91.45
Current: 68.98

During the past 13 years, Shin-Etsu Polymer Co's highest Days Payable was 91.45. The lowest was 66.07. And the median was 78.97.

TSE:7970's Days Payable is ranked better than
58.09% of 1515 companies
in the Chemicals industry
Industry Median: 60.15 vs TSE:7970: 68.98

Shin-Etsu Polymer Co's Days Payable declined from Sep. 2023 (72.89) to Sep. 2024 (56.23). It may suggest that Shin-Etsu Polymer Co accelerated paying its suppliers.

Shin-Etsu Polymer Co Days Payable Historical Data

The historical data trend for Shin-Etsu Polymer 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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Shin-Etsu Polymer Co Days Payable Chart

Shin-Etsu Polymer Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

76.90

71.60

66.07

68.26

70.78

Shin-Etsu Polymer Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															72.89	71.57	74.31	69.98	56.23

Competitive Comparison of Shin-Etsu Polymer Co's Days Payable

For the Specialty Chemicals subindustry, Shin-Etsu Polymer 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.

Shin-Etsu Polymer Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shin-Etsu Polymer Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shin-Etsu Polymer Co's Days Payable falls into.

Shin-Etsu Polymer 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.

Shin-Etsu Polymer 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
=	( (15065	+	13333)	/	2 )	/	73224	*	365
=	14199					/	73224	*	365
=	70.78

Shin-Etsu Polymer Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	12391)	/	1 )	/	20108	*	365 / 4
=	12391					/	20108	*	365 / 4
=	56.23

Shin-Etsu Polymer Co Days Payable Related Terms

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Shin-Etsu Polymer Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shin-Etsu Polymer Co Ltd (TSE:7970) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sotetsu Kandasudacho Building, 1-9 Kanda-Sudacho, Chiyoda-ku, Tokyo, JPN, 101-0041

Website

http://www.shinpoly.co.jp

Shin-Etsu Polymer Co Ltd manufactures polyvinyl and rubber products. The company develops applications for using the silicone and various plastics involving materials and compounding, design, molding processes, and evaluation and analysis and meets the needs of customers engaged in the field from automobiles and information devices to semiconductors and construction materials. Shin-Etsu sells its products mainly to the electronic devices industry, housing and living materials industry, precision molding products industry and others but majority of the revenues are derived from precision molding products which includes shipping and carrying containers for semiconductor silicon wafers, materials for automatic mounting of electronic components, office automation device components.

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