Meiji Machine Co (TSE:6334) Days Payable : 23.58 (As of Dec. 2023)

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What is Meiji Machine Co Days Payable?

Meiji Machine Co's average Accounts Payable for the three months ended in Dec. 2023 was 円317 Mil. Meiji Machine Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,226 Mil. Hence, Meiji Machine Co's Days Payable for the three months ended in Dec. 2023 was 23.58.

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

TSE:6334' s Days Payable Range Over the Past 10 Years
Min: 26.58 Med: 66.4 Max: 102.55
Current: 35.35

During the past 13 years, Meiji Machine Co's highest Days Payable was 102.55. The lowest was 26.58. And the median was 66.40.

TSE:6334's Days Payable is ranked worse than
84.78% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs TSE:6334: 35.35

Meiji Machine Co's Days Payable declined from Dec. 2022 (37.54) to Dec. 2023 (23.58). It may suggest that Meiji Machine Co accelerated paying its suppliers.

Meiji Machine Co Days Payable Historical Data

The historical data trend for Meiji Machine 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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Meiji Machine Co Days Payable Chart

Meiji Machine Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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42.92

43.37

41.65

62.99

26.58

Meiji Machine 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															37.54	36.38	45.19	25.77	23.58

Competitive Comparison of Meiji Machine Co's Days Payable

For the Specialty Industrial Machinery subindustry, Meiji Machine 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.

Meiji Machine Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Meiji Machine Co's Days Payable distribution charts can be found below:

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

Meiji Machine 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.

Meiji Machine 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
=	( (410.704	+	403.55)	/	2 )	/	5590.035	*	365
=	407.127					/	5590.035	*	365
=	26.58

Meiji Machine 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
=	( (262.937	+	370.785)	/	2 )	/	1226.414	*	365 / 4
=	316.861					/	1226.414	*	365 / 4
=	23.58

Meiji Machine Co Days Payable Related Terms

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Meiji Machine Co (TSE:6334) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meiji Machine Co Ltd (TSE:6334) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-22 Kanda Ta-cho, Chiyoda-ku, Tokyo, JPN, 101-0046

Website

http://www.meiji-kikai.co.jp

Meiji Machine Co Ltd is engaged in the manufacture and sale of the flour milling machines, including flour rolling machines, shifters, separators and purifiers, as well as rollers; the mixed feed machines, including feed rolling machines, pellet and flake machines, silos and conveying equipment, as well as other industrial machinery, including various grinding rolling machines, hammer mills and other.

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