Hikari Tsushin (Hikari Tsushin) Days Payable : 265.28 (As of Dec. 2023)

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What is Hikari Tsushin Days Payable?

Hikari Tsushin's average Accounts Payable for the three months ended in Dec. 2023 was $1,455 Mil. Hikari Tsushin's Cost of Goods Sold for the three months ended in Dec. 2023 was $501 Mil. Hence, Hikari Tsushin's Days Payable for the three months ended in Dec. 2023 was 265.28.

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

HKTGF' s Days Payable Range Over the Past 10 Years
Min: 51.4 Med: 250.21 Max: 283.66
Current: 258.45

During the past 13 years, Hikari Tsushin's highest Days Payable was 283.66. The lowest was 51.40. And the median was 250.21.

HKTGF's Days Payable is ranked better than
92.74% of 468 companies
in the Conglomerates industry
Industry Median: 58.265 vs HKTGF: 258.45

Hikari Tsushin's Days Payable increased from Dec. 2022 (215.64) to Dec. 2023 (265.28). It may suggest that Hikari Tsushin delayed paying its suppliers.

Hikari Tsushin Days Payable Historical Data

The historical data trend for Hikari Tsushin'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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Hikari Tsushin Days Payable Chart

Hikari Tsushin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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275.61

279.50

263.51

281.85

232.50

Hikari Tsushin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															215.64	220.03	326.29	252.55	265.28

Competitive Comparison of Hikari Tsushin's Days Payable

For the Conglomerates subindustry, Hikari Tsushin'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.

Hikari Tsushin's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hikari Tsushin's Days Payable distribution charts can be found below:

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

Hikari Tsushin 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.

Hikari Tsushin's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1668.901	+	1635.104)	/	2 )	/	2593.445	*	365
=	1652.0025					/	2593.445	*	365
=	232.50

Hikari Tsushin's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1435.49	+	1475.023)	/	2 )	/	500.578	*	365 / 4
=	1455.2565					/	500.578	*	365 / 4
=	265.28

Hikari Tsushin Days Payable Related Terms

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Hikari Tsushin (Hikari Tsushin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hikari Tsushin Inc (GREY:HKTGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9435:Japan HIK:Germany

Address

Hikari West Gate Building, 1-4-10, Nishi Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0021

Website

http://www.hikari.co.jp

Hikari Tsushin Inc is a Japanese company that provides services such networking and automation products offers individual insurance plans for small and medium-size enterprises. The company has three reporting segments: corporate, shop and insurance. The corporate segment offers products such as Wi-Fi routers, SIM cards, water coolers and LED lighting. Revenue is evenly split between the corporate and shop segments with insurance adding a small portion. The company earns the vast majority of its revenue in Japan.

Hikari Tsushin (Hikari Tsushin) Headlines

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