Nissin Foods Holdings Co (Nissin Foods Holdings Co) Days Payable : 106.01 (As of Dec. 2023)

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What is Nissin Foods Holdings Co Days Payable?

Nissin Foods Holdings Co's average Accounts Payable for the three months ended in Dec. 2023 was $1,013 Mil. Nissin Foods Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $872 Mil. Hence, Nissin Foods Holdings Co's Days Payable for the three months ended in Dec. 2023 was 106.01.

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

NFPDF' s Days Payable Range Over the Past 10 Years
Min: 66.38 Med: 111.73 Max: 128.68
Current: 111.57

During the past 13 years, Nissin Foods Holdings Co's highest Days Payable was 128.68. The lowest was 66.38. And the median was 111.73.

NFPDF's Days Payable is ranked better than
84.52% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 46.12 vs NFPDF: 111.57

Nissin Foods Holdings Co's Days Payable increased from Dec. 2022 (97.43) to Dec. 2023 (106.01). It may suggest that Nissin Foods Holdings Co delayed paying its suppliers.

Nissin Foods Holdings Co Days Payable Historical Data

The historical data trend for Nissin Foods Holdings 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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Nissin Foods Holdings Co Days Payable Chart

Nissin Foods Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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126.04

126.65

123.23

113.73

122.65

Nissin Foods Holdings 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															110.95	116.12	108.18	106.01	118.11

Competitive Comparison of Nissin Foods Holdings Co's Days Payable

For the Packaged Foods subindustry, Nissin Foods Holdings 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.

Nissin Foods Holdings Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nissin Foods Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nissin Foods Holdings Co's Days Payable falls into.

Nissin Foods Holdings 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.

Nissin Foods Holdings 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
=	( (1049.989	+	1077.657)	/	2 )	/	3165.848	*	365
=	1063.823					/	3165.848	*	365
=	122.65

Nissin Foods Holdings Co'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
=	( (978.423	+	1047.121)	/	2 )	/	871.793	*	365 / 4
=	1012.772					/	871.793	*	365 / 4
=	106.01

Nissin Foods Holdings Co Days Payable Related Terms

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Nissin Foods Holdings Co (Nissin Foods Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nissin Foods Holdings Co Ltd (OTCPK:NFPDF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2897:Japan NF2:Germany

Address

1-1, 4-chome, Nishinakajima, Yodogawa-ku, Osaka, JPN, 532-8524

Website

https://www.nissin.com/en_jp

Nissin Foods is Japan's largest instant noodle manufacturer and was the first in the world to invent and launch instant noodles. It also invented the first instant noodle product in cup containers. Cup Noodles is its global brand, marketed in Asia, the Americas, and Europe. Instant noodles account for more than three fourths of group sales and 80% of operating profits, while Japan remains the key contributor, representing roughly 75% of group sales and 85% of profits. Other products include frozen/chilled noodles, confectionery, and lactic acid drinks.