NOF (TSE:4403) Days Payable : 52.31 (As of Dec. 2023)

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What is NOF Days Payable?

NOF's average Accounts Payable for the three months ended in Dec. 2023 was 円20,577 Mil. NOF's Cost of Goods Sold for the three months ended in Dec. 2023 was 円35,896 Mil. Hence, NOF's Days Payable for the three months ended in Dec. 2023 was 52.31.

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

TSE:4403' s Days Payable Range Over the Past 10 Years
Min: 50.87 Med: 56.33 Max: 62.48
Current: 52.01

During the past 13 years, NOF's highest Days Payable was 62.48. The lowest was 50.87. And the median was 56.33.

TSE:4403's Days Payable is ranked worse than
59.65% of 1502 companies
in the Chemicals industry
Industry Median: 60.55 vs TSE:4403: 52.01

NOF's Days Payable declined from Dec. 2022 (60.62) to Dec. 2023 (52.31). It may suggest that NOF accelerated paying its suppliers.

NOF Days Payable Historical Data

The historical data trend for NOF'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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NOF Days Payable Chart

NOF Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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51.81

50.87

56.63

51.18

51.44

NOF 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															47.37	58.98	54.47	52.31	45.45

Competitive Comparison of NOF's Days Payable

For the Specialty Chemicals subindustry, NOF'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.

NOF's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, NOF's Days Payable distribution charts can be found below:

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

NOF 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.

NOF'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
=	( (18496	+	21741)	/	2 )	/	142762	*	365
=	20118.5					/	142762	*	365
=	51.44

NOF'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
=	( (19965	+	21189)	/	2 )	/	35896	*	365 / 4
=	20577					/	35896	*	365 / 4
=	52.31

NOF Days Payable Related Terms

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NOF (TSE:4403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NOF Corp (TSE:4403) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-20-3 Ebisu Shibuya-ku, Yebisu Garden Place Tower, Tokyo, JPN, 150-6019

Website

http://www.nof.co.jp

NOF Corp is a Japan-based specialty chemical manufacturer. It is engaged in producing a diversified range of products derived from plant and animal fats. The company's current businesses include oleo and specialty chemicals, functional chemicals and polymers, explosives and propulsion systems, functional foods, life science products, DDS development, display materials, anti-corrosion, logistics and real estate. It operates in four segments such as Functional Chemicals, Life Science, Explosive & Propulsion and Others. Most of its revenues are generated from its Functional Chemicals segment, which is engaged in the sale of fatty acids, surfactants, ethylene oxide, functional films, electronic materials and materials for anti-corrosion.

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