Noritake Co (TSE:5331) Days Payable : 30.60 (As of Dec. 2023)

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What is Noritake Co Days Payable?

Noritake Co's average Accounts Payable for the three months ended in Dec. 2023 was 円8,787 Mil. Noritake Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円26,199 Mil. Hence, Noritake Co's Days Payable for the three months ended in Dec. 2023 was 30.60.

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

TSE:5331' s Days Payable Range Over the Past 10 Years
Min: 33.24 Med: 44.6 Max: 60.91
Current: 33.24

During the past 13 years, Noritake Co's highest Days Payable was 60.91. The lowest was 33.24. And the median was 44.60.

TSE:5331's Days Payable is ranked worse than
76.16% of 474 companies
in the Conglomerates industry
Industry Median: 59.465 vs TSE:5331: 33.24

Noritake Co's Days Payable declined from Dec. 2022 (32.35) to Dec. 2023 (30.60). It may suggest that Noritake Co accelerated paying its suppliers.

Noritake Co Days Payable Historical Data

The historical data trend for Noritake 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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Noritake Co Days Payable Chart

Noritake Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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50.11

44.91

36.14

35.04

36.00

Noritake 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															32.42	33.86	30.56	30.60	35.33

Competitive Comparison of Noritake Co's Days Payable

For the Conglomerates subindustry, Noritake 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.

Noritake Co's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Noritake Co's Days Payable distribution charts can be found below:

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

Noritake 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.

Noritake 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
=	( (9954	+	9788)	/	2 )	/	100075	*	365
=	9871					/	100075	*	365
=	36.00

Noritake 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
=	( (8370	+	9203)	/	2 )	/	26199	*	365 / 4
=	8786.5					/	26199	*	365 / 4
=	30.60

Noritake Co Days Payable Related Terms

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Noritake Co (TSE:5331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Noritake Co Ltd (TSE:5331) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NO4:Germany

Address

3-1-36, Noritake-shinmachi, Nishi-ku,, Nagoya-shi, Aichi, JPN, 451-8501

Website

http://www.noritake.co.jp

Noritake Co Ltd is engaged in manufacturing of grinding and polishing tools, electronic component materials and manufacturing equipment. The group has established four different business fields with the application and development of a variety of ceramics manufacturing technologies: Industrial Products, which supports industries with grinding wheels and diamond tools, Ceramics & Materials, which supplies ceramic raw materials to many kinds of manufacturers, Engineering which develops and proposes manufacturing equipment and technologies, and Tabletop, which offers tableware to create rich and luxurious dining.

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