Altech Co (TSE:9972) Days Payable : 28.67 (As of Feb. 2024)

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What is Altech Co Days Payable?

Altech Co's average Accounts Payable for the three months ended in Feb. 2024 was 円1,026 Mil. Altech Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円3,266 Mil. Hence, Altech Co's Days Payable for the three months ended in Feb. 2024 was 28.67.

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

TSE:9972' s Days Payable Range Over the Past 10 Years
Min: 6.23 Med: 26.59 Max: 41.19
Current: 26.14

During the past 13 years, Altech Co's highest Days Payable was 41.19. The lowest was 6.23. And the median was 26.59.

TSE:9972's Days Payable is ranked worse than
91.66% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs TSE:9972: 26.14

Altech Co's Days Payable increased from Feb. 2023 (26.38) to Feb. 2024 (28.67). It may suggest that Altech Co delayed paying its suppliers.

Altech Co Days Payable Historical Data

The historical data trend for Altech 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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Altech Co Days Payable Chart

Altech Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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25.77

28.24

32.67

27.41

24.64

Altech Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															26.38	29.95	27.58	24.00	28.67

Competitive Comparison of Altech Co's Days Payable

For the Specialty Industrial Machinery subindustry, Altech 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.

Altech Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Altech Co's Days Payable distribution charts can be found below:

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

Altech 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.

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

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (921.523	+	1061.562)	/	2 )	/	14688.199	*	365
=	991.5425					/	14688.199	*	365
=	24.64

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

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (1061.562	+	990.66)	/	2 )	/	3266.039	*	365 / 4
=	1026.111					/	3266.039	*	365 / 4
=	28.67

Altech Co Days Payable Related Terms

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Altech Co (TSE:9972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Altech Co Ltd (TSE:9972) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sumitomo Irifune Bldg, 2nd Floor, 1-1 Irifune 2-chome, Chuo-ku, Tokyo, JPN, 104-0042

Website

http://www.altech.co.jp

Altech Co Ltd is engaged in purchase and sale of industrial machinery and equipments and related services, manufacture and sale of plastic molded products.The company has two reported segments Wholesale business and Preform business. Wholesale business purchases and sells industrial machinery and equipments and provides related services. Preform business manufactures and sells performs for PET bottles, plastic caps and provides related services.

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