Nippon Gas Co (FRA:NG0) Days Payable : 40.66 (As of Mar. 2024)

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What is Nippon Gas Co Days Payable?

Nippon Gas Co's average Accounts Payable for the three months ended in Mar. 2024 was €100 Mil. Nippon Gas Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €225 Mil. Hence, Nippon Gas Co's Days Payable for the three months ended in Mar. 2024 was 40.66.

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

FRA:NG0' s Days Payable Range Over the Past 10 Years
Min: 36.57 Med: 45.51 Max: 61.34
Current: 43.17

During the past 13 years, Nippon Gas Co's highest Days Payable was 61.34. The lowest was 36.57. And the median was 45.51.

FRA:NG0's Days Payable is ranked worse than
71.2% of 493 companies
in the Utilities - Regulated industry
Industry Median: 66.39 vs FRA:NG0: 43.17

Nippon Gas Co's Days Payable increased from Mar. 2023 (38.40) to Mar. 2024 (40.66). It may suggest that Nippon Gas Co delayed paying its suppliers.

Nippon Gas Co Days Payable Historical Data

The historical data trend for Nippon Gas 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.

* Premium members only.

Nippon Gas Co Days Payable Chart

Nippon Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

35.55

38.74

45.00

44.10

54.45

Nippon Gas Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															38.40	44.73	39.75	43.00	40.66

Competitive Comparison of Nippon Gas Co's Days Payable

For the Utilities - Regulated Gas subindustry, Nippon Gas 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.

Nippon Gas Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Nippon Gas Co's Days Payable distribution charts can be found below:

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

Nippon Gas 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.

Nippon Gas 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
=	( (120.97	+	100.26)	/	2 )	/	741.479	*	365
=	110.615					/	741.479	*	365
=	54.45

Nippon Gas Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (100.405	+	100.26)	/	2 )	/	225.145	*	365 / 4
=	100.3325					/	225.145	*	365 / 4
=	40.66

Nippon Gas Co Days Payable Related Terms

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Nippon Gas Co (FRA:NG0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Nippon Gas Co Ltd (FRA:NG0) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8174:Japan

Address

10, No. 7, No. 2-chome, Tokyo, JPN, 104-8540

Website

http://www.nichigas.co.jp

Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.

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