Nippon Express Co (Nippon Express Co) Days Payable : 32.00 (As of Sep. 2021)

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What is Nippon Express Co Days Payable?

Nippon Express Co's average Accounts Payable for the three months ended in Sep. 2021 was $1,631 Mil. Nippon Express Co's Cost of Goods Sold for the three months ended in Sep. 2021 was $4,651 Mil. Hence, Nippon Express Co's Days Payable for the three months ended in Sep. 2021 was 32.00.

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

NPEXY's Days Payable is not ranked ^*
in the Transportation industry.
Industry Median: 39.25
* Ranked among companies with meaningful Days Payable only.

Nippon Express Co's Days Payable increased from Sep. 2020 (29.17) to Sep. 2021 (32.00). It may suggest that Nippon Express Co delayed paying its suppliers.

Nippon Express Co Days Payable Historical Data

The historical data trend for Nippon Express 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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Nippon Express Co Days Payable Chart

Nippon Express Co Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Days Payable

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34.45

32.78

34.02

32.82

33.96

Nippon Express Co Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Days Payable	Get a 7-Day Free Trial															28.94	30.45	33.36	32.00	28.69

Competitive Comparison of Nippon Express Co's Days Payable

For the Integrated Freight & Logistics subindustry, Nippon Express 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 Express Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nippon Express Co's Days Payable distribution charts can be found below:

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

Nippon Express 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 Express Co's Days Payable for the fiscal year that ended in Mar. 2021 is calculated as

	Days Payable (A: Mar. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2020 )	+	Accounts Payable (A: Mar. 2021 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2021 )	*	Days in Period
=	( (1559.304	+	1668.956)	/	2 )	/	17349.619	*	365
=	1614.13					/	17349.619	*	365
=	33.96

Nippon Express Co's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

	Days Payable (Q: Sep. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2021 )	+	Accounts Payable (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (1614.244	+	1647.443)	/	2 )	/	4651.038	*	365 / 4
=	1630.8435					/	4651.038	*	365 / 4
=	32.00

Nippon Express Co Days Payable Related Terms

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Nippon Express Co (Nippon Express Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nippon Express Co Ltd (OTCPK:NPEXY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-3, Higashi Shimbashi, Minato-ku, Tokyo, JPN, 105-8322

Website

http://www.nittsu.co.jp

Nippon Express is a Japanese transportation and logistics company. The company operates through segments classified by geography and function: Japan, the Americas, Europe, East Asia, South Asia and Oceania, security transportation, heavy haulage and construction, and logistics support. Each of the segments named for a region focuses on logistics, the primary engine for Nippon's revenue. These regional segments conduct air freight forwarding, marine and harbor transportation, and warehousing services. Japan is the largest, earning more revenue than the other regional segments combined. Logistics support is the second-highest earning segment, engaging in activities such as the sale of distribution equipment, packing materials, vehicles, and petroleum.

Nippon Express Co (Nippon Express Co) Headlines

From GuruFocus

Nippon Express Completes Acquisition of Equity Interests in MD Logistics and MD Express (Turning into Subsidiary)

By PRNewswire PRNewswire • 09-03-2020