Nippon Electric Glass Co (TSE:5214) Days Payable : 62.43 (As of Dec. 2023)

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What is Nippon Electric Glass Co Days Payable?

Nippon Electric Glass Co's average Accounts Payable for the three months ended in Dec. 2023 was 円43,323 Mil. Nippon Electric Glass Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円63,317 Mil. Hence, Nippon Electric Glass Co's Days Payable for the three months ended in Dec. 2023 was 62.43.

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

TSE:5214' s Days Payable Range Over the Past 10 Years
Min: 53.16 Med: 60.26 Max: 72.25
Current: 65.13

During the past 13 years, Nippon Electric Glass Co's highest Days Payable was 72.25. The lowest was 53.16. And the median was 60.26.

TSE:5214's Days Payable is ranked worse than
53.08% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs TSE:5214: 65.13

Nippon Electric Glass Co's Days Payable declined from Dec. 2022 (80.92) to Dec. 2023 (62.43). It may suggest that Nippon Electric Glass Co accelerated paying its suppliers.

Nippon Electric Glass Co Days Payable Historical Data

The historical data trend for Nippon Electric Glass 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 Electric Glass Co Days Payable Chart

Nippon Electric Glass Co Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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66.36

60.44

61.80

72.25

70.46

Nippon Electric Glass 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															74.45	60.49	64.56	62.43	62.32

Competitive Comparison of Nippon Electric Glass Co's Days Payable

For the Electronic Components subindustry, Nippon Electric Glass 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 Electric Glass Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nippon Electric Glass Co's Days Payable distribution charts can be found below:

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

Nippon Electric Glass 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 Electric Glass Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (52102	+	43169)	/	2 )	/	246764	*	365
=	47635.5					/	246764	*	365
=	70.46

Nippon Electric Glass 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
=	( (43476	+	43169)	/	2 )	/	63317	*	365 / 4
=	43322.5					/	63317	*	365 / 4
=	62.43

Nippon Electric Glass Co Days Payable Related Terms

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Nippon Electric Glass Co (TSE:5214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nippon Electric Glass Co Ltd (TSE:5214) » Definitions » Days Payable

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Traded in Other Exchanges

NPG:Germany

Address

7-1, Seiran 2-chome, Shiga, Otsu, JPN, 520-8639

Website

http://www.neg.co.jp

Nippon Electric Glass Co., Ltd. is in the business of production and sale of glass products and glassmaking machinery. Its business is divided into two categories Electronics and Information Technology and Performance Materials and Others. The company produces glass for flat panel displays, optical devices, chemical strengthening, electronic devices, solar cells, fiber and building materials. The company generates most of the sales from electronics and information technology category.

Nippon Electric Glass Co (TSE:5214) Headlines

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