Meitongyo Co (TSE:2207) Days Payable : 56.45 (As of Dec. 2023)

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What is Meitongyo Co Days Payable?

Meitongyo Co's average Accounts Payable for the three months ended in Dec. 2023 was 円3,277 Mil. Meitongyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円5,296 Mil. Hence, Meitongyo Co's Days Payable for the three months ended in Dec. 2023 was 56.45.

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

TSE:2207' s Days Payable Range Over the Past 10 Years
Min: 3.61 Med: 50.17 Max: 61.88
Current: 61.88

During the past 13 years, Meitongyo Co's highest Days Payable was 61.88. The lowest was 3.61. And the median was 50.17.

TSE:2207's Days Payable is ranked better than
66.14% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs TSE:2207: 61.88

Meitongyo Co's Days Payable increased from Dec. 2022 (56.44) to Dec. 2023 (56.45). It may suggest that Meitongyo Co delayed paying its suppliers.

Meitongyo Co Days Payable Historical Data

The historical data trend for Meitongyo 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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Meitongyo Co Days Payable Chart

Meitongyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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56.31

50.05

50.29

52.92

56.94

Meitongyo Co 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															56.44	58.38	69.21	65.76	56.45

Competitive Comparison of Meitongyo Co's Days Payable

For the Confectioners subindustry, Meitongyo 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.

Meitongyo Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

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

Meitongyo 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.

Meitongyo Co'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
=	( (2366	+	3138)	/	2 )	/	17640	*	365
=	2752					/	17640	*	365
=	56.94

Meitongyo 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
=	( (3244	+	3309)	/	2 )	/	5296	*	365 / 4
=	3276.5					/	5296	*	365 / 4
=	56.45

Meitongyo Co Days Payable Related Terms

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Meitongyo Co (TSE:2207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meito Sangyo Co Ltd (TSE:2207) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 41-chome, Nagoya, Sasazuka, Aichi Prefecture, JPN, 451-8520

Website

http://www.meito-sangyo.co.jp

Meito Sangyo Co Ltd is a Japanese based company operates in a wide range of business. The company is primarily involved in the manufacture and sale of confectionery, beverages, seasoning foods, food additives and other foods. In addition, it is also involved in the manufacture and sale of pharmaceuticals, quasi-drugs, medical devices, veterinary medicines, cosmetics, and other chemical products. Further, it also involved in the construction and management of golf course activity. Geographically, business activities of the group are functioned through the region of Japan.

Meitongyo Co (TSE:2207) Headlines

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