TOYO (TSE:8151) Days Payable : 28.65 (As of Sep. 2024)

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What is TOYO Days Payable?

TOYO's average Accounts Payable for the three months ended in Sep. 2024 was 円1,706 Mil. TOYO's Cost of Goods Sold for the three months ended in Sep. 2024 was 円5,432 Mil. Hence, TOYO's Days Payable for the three months ended in Sep. 2024 was 28.65.

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

TSE:8151' s Days Payable Range Over the Past 10 Years
Min: 30.78 Med: 37.99 Max: 52.93
Current: 40.06

During the past 13 years, TOYO's highest Days Payable was 52.93. The lowest was 30.78. And the median was 37.99.

TSE:8151's Days Payable is ranked worse than
76.57% of 2403 companies
in the Hardware industry
Industry Median: 68.91 vs TSE:8151: 40.06

TOYO's Days Payable declined from Sep. 2023 (34.37) to Sep. 2024 (28.65). It may suggest that TOYO accelerated paying its suppliers.

TOYO Days Payable Historical Data

The historical data trend for TOYO'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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TOYO Days Payable Chart

TOYO Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Days Payable

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35.82

36.10

38.28

37.69

30.78

TOYO Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															42.95	28.10	68.91	28.65	56.43

Competitive Comparison of TOYO's Days Payable

For the Scientific & Technical Instruments subindustry, TOYO'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.

TOYO's Days Payable Distribution in the Hardware Industry

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

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

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TOYO 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.

TOYO's Days Payable for the fiscal year that ended in Sep. 2024 is calculated as

	Days Payable (A: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2023 )	+	Accounts Payable (A: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2024 )	*	Days in Period
=	( (1666.125	+	1683.336)	/	2 )	/	19860.311	*	365
=	1674.7305					/	19860.311	*	365
=	30.78

TOYO'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
=	( (1728.296	+	1683.336)	/	2 )	/	5432.119	*	365 / 4
=	1705.816					/	5432.119	*	365 / 4
=	28.65

TOYO Days Payable Related Terms

Thank you for viewing the detailed overview of TOYO's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

TOYO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TOYO Corp (TSE:8151) » Definitions » Days Payable

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Traded in Other Exchanges

TOY:Germany

Address

1-6, Yaesu 1-chome, Chuo-ku, Tokyo, JPN, 103-8284

Website

http://www.toyo.co.jp

TOYO Corporation is a Japanese company engaged in the development, manufacture, inspection, and installation of electronic measuring instruments. It manufactures products for the areas including information and communications technologies, mechatronics, materials, energy, electromagnetic compatibility, antenna systems, ocean, defense and security, software quality and productivity and medical systems. Its products include automatic radiated immunity measurement system, motor torque test system, noise and vibration analysis system, engine test bench measurement system, precision gear noise measurement system, among others. The company also offers maintenance, repair, calibration, technical support service, seminars, and operation training for its products.

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