Hitachi (Hitachi) Days Payable : 80.79 (As of Dec. 2023)

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What is Hitachi Days Payable?

Hitachi's average Accounts Payable for the three months ended in Dec. 2023 was $9,992 Mil. Hitachi's Cost of Goods Sold for the three months ended in Dec. 2023 was $11,285 Mil. Hence, Hitachi's Days Payable for the three months ended in Dec. 2023 was 80.79.

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

HTHIY' s Days Payable Range Over the Past 10 Years
Min: 65.84 Med: 76.58 Max: 78.12
Current: 73.9

During the past 13 years, Hitachi's highest Days Payable was 78.12. The lowest was 65.84. And the median was 76.58.

HTHIY's Days Payable is ranked better than
62.26% of 469 companies
in the Conglomerates industry
Industry Median: 58.24 vs HTHIY: 73.90

Hitachi's Days Payable increased from Dec. 2022 (69.58) to Dec. 2023 (80.79). It may suggest that Hitachi delayed paying its suppliers.

Hitachi Days Payable Historical Data

The historical data trend for Hitachi'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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Hitachi Days Payable Chart

Hitachi Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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79.05

75.11

78.17

80.72

78.56

Hitachi 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															69.58	66.48	83.71	74.06	80.79

Competitive Comparison of Hitachi's Days Payable

For the Conglomerates subindustry, Hitachi'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.

Hitachi's Days Payable Distribution in the Conglomerates Industry

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

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

Hitachi 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.

Hitachi'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
=	( (14797.364	+	11584.971)	/	2 )	/	61288.34	*	365
=	13191.1675					/	61288.34	*	365
=	78.56

Hitachi'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
=	( (10661.328	+	9323.351)	/	2 )	/	11285.499	*	365 / 4
=	9992.3395					/	11285.499	*	365 / 4
=	80.79

Hitachi Days Payable Related Terms

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Hitachi (Hitachi) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hitachi Ltd (OTCPK:HTHIY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HTHIF:USA 6501:Mexico 6501:Japan HIA1:Germany

Address

6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8280

Website

http://www.hitachi.com

Hitachi Ltd provides IT services and has an expertise in the range of business fields, including financial services. The company's main products and services include system integration, consulting, cloud services, servers, storage, software, telecommunications and networks, and ATMs. Hitachi operates in various segments namely, Information and Telecommunication Systems; Social Infrastructure and Industrial Systems; Electronic Systems and Equipment; Construction Machinery; High Functional Materials and Components; Automotive Systems; Smart Life and Ecofriendly Systems; Financial Services; and Others.