Kanamoto Co (TSE:9678) Days Payable : 87.98 (As of Apr. 2024)

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What is Kanamoto Co Days Payable?

Kanamoto Co's average Accounts Payable for the three months ended in Apr. 2024 was 円34,767 Mil. Kanamoto Co's Cost of Goods Sold for the three months ended in Apr. 2024 was 円36,058 Mil. Hence, Kanamoto Co's Days Payable for the three months ended in Apr. 2024 was 87.98.

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

TSE:9678' s Days Payable Range Over the Past 10 Years
Min: 90.57 Med: 96.37 Max: 102.37
Current: 91.8

During the past 13 years, Kanamoto Co's highest Days Payable was 102.37. The lowest was 90.57. And the median was 96.37.

TSE:9678's Days Payable is ranked better than
73.63% of 929 companies
in the Business Services industry
Industry Median: 46.74 vs TSE:9678: 91.80

Kanamoto Co's Days Payable declined from Apr. 2023 (101.76) to Apr. 2024 (87.98). It may suggest that Kanamoto Co accelerated paying its suppliers.

Kanamoto Co Days Payable Historical Data

The historical data trend for Kanamoto 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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Kanamoto Co Days Payable Chart

Kanamoto Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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91.92

102.19

102.37

97.73

90.57

Kanamoto Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Days Payable	Get a 7-Day Free Trial															101.76	98.70	86.94	91.51	87.98

Competitive Comparison of Kanamoto Co's Days Payable

For the Rental & Leasing Services subindustry, Kanamoto 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.

Kanamoto Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Kanamoto Co's Days Payable distribution charts can be found below:

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

Kanamoto 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.

Kanamoto Co's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (33714	+	36077)	/	2 )	/	140631	*	365
=	34895.5					/	140631	*	365
=	90.57

Kanamoto Co's Days Payable for the quarter that ended in Apr. 2024 is calculated as:

	Days Payable (Q: Apr. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2024 )	+	Accounts Payable (Q: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
=	( (35929	+	33604)	/	2 )	/	36058	*	365 / 4
=	34766.5					/	36058	*	365 / 4
=	87.98

Kanamoto Co Days Payable Related Terms

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Kanamoto Co (TSE:9678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kanamoto Co Ltd (TSE:9678) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-19, Odori Higashi 3-chome Chuo-ku, Sapporo, Hokkaido, JPN, 060-0041

Website

http://www.kanamoto.co.jp

Kanamoto Co Ltd is a provider of construction equipment rentals. The company operates three business segments: construction equipment rental, steel products, and computing products. The construction equipment rental business is Kanamoto's core business, accounting for most of the company's revenue. The company owns various hand tools and construction equipment, such as dump trucks and hydraulic excavators, which it rents out to its customers. The steel products business sells various construction materials for engineering and construction works. The computing products business provides rentals and sale of computer-related equipment. Kanamoto operates in Asia.

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