Mitsubishi Heavy Industries (Mitsubishi Heavy Industries) Days Payable : 80.72 (As of Dec. 2023)

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What is Mitsubishi Heavy Industries Days Payable?

Mitsubishi Heavy Industries's average Accounts Payable for the three months ended in Dec. 2023 was $5,776 Mil. Mitsubishi Heavy Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $6,530 Mil. Hence, Mitsubishi Heavy Industries's Days Payable for the three months ended in Dec. 2023 was 80.72.

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

MHVYF' s Days Payable Range Over the Past 10 Years
Min: 83.28 Med: 92.05 Max: 96.39
Current: 83.28

During the past 13 years, Mitsubishi Heavy Industries's highest Days Payable was 96.39. The lowest was 83.28. And the median was 92.05.

MHVYF's Days Payable is ranked better than
54.81% of 2930 companies
in the Industrial Products industry
Industry Median: 76.24 vs MHVYF: 83.28

Mitsubishi Heavy Industries's Days Payable increased from Dec. 2022 (79.46) to Dec. 2023 (80.72). It may suggest that Mitsubishi Heavy Industries delayed paying its suppliers.

Mitsubishi Heavy Industries Days Payable Historical Data

The historical data trend for Mitsubishi Heavy Industries'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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Mitsubishi Heavy Industries Days Payable Chart

Mitsubishi Heavy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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93.85

90.90

93.44

96.62

99.19

Mitsubishi Heavy Industries 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															79.46	73.92	100.77	86.72	80.72

Competitive Comparison of Mitsubishi Heavy Industries's Days Payable

For the Specialty Industrial Machinery subindustry, Mitsubishi Heavy Industries'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.

Mitsubishi Heavy Industries's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Mitsubishi Heavy Industries's Days Payable falls into.

Mitsubishi Heavy Industries 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.

Mitsubishi Heavy Industries'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
=	( (7280.316	+	6698.019)	/	2 )	/	25719.507	*	365
=	6989.1675					/	25719.507	*	365
=	99.19

Mitsubishi Heavy Industries'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
=	( (5703.264	+	5849.245)	/	2 )	/	6530.117	*	365 / 4
=	5776.2545					/	6530.117	*	365 / 4
=	80.72

Mitsubishi Heavy Industries Days Payable Related Terms

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Mitsubishi Heavy Industries (Mitsubishi Heavy Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Heavy Industries Ltd (OTCPK:MHVYF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7011:Japan MIH:Germany

Address

2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8332

Website

https://www.mhi.com

Mitsubishi Heavy Industries Ltd is engaged in the manufacturing and sale of ships, industrial machinery, and aircraft. The segments of the company are Energy, Plants and Infrastructure Systems, Logistics, Thermal and Drive Systems, and Aircraft, Defense, and Space. The company earns maximum revenue from the energy segment which handles clean gas, steam power systems, nuclear power systems, compressors, and marine machinery. The Plants and Infrastructure Systems segment of the company deals with commercial ships, engineering, machine tools, and machinery systems; Logistics, Thermal, and Drive Systems provide material handling systems, engines, HVAC systems, and automotive air-conditioners; and the Aircraft, Defense, and Space cover commercial aircraft, defense aircraft, and others.