New Cosmos Electric Co (TSE:6824) Days Payable : 40.98 (As of Dec. 2023)

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What is New Cosmos Electric Co Days Payable?

New Cosmos Electric Co's average Accounts Payable for the three months ended in Dec. 2023 was 円2,341 Mil. New Cosmos Electric Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円5,214 Mil. Hence, New Cosmos Electric Co's Days Payable for the three months ended in Dec. 2023 was 40.98.

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

TSE:6824' s Days Payable Range Over the Past 10 Years
Min: 40.15 Med: 43.46 Max: 91.85
Current: 41.98

During the past 13 years, New Cosmos Electric Co's highest Days Payable was 91.85. The lowest was 40.15. And the median was 43.46.

TSE:6824's Days Payable is ranked worse than
75.84% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs TSE:6824: 41.98

New Cosmos Electric Co's Days Payable declined from Dec. 2022 (45.07) to Dec. 2023 (40.98). It may suggest that New Cosmos Electric Co accelerated paying its suppliers.

New Cosmos Electric Co Days Payable Historical Data

The historical data trend for New Cosmos Electric 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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New Cosmos Electric Co Days Payable Chart

New Cosmos Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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41.58

43.52

42.88

42.27

43.39

New Cosmos Electric 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															45.07	40.83	49.09	39.10	40.98

Competitive Comparison of New Cosmos Electric Co's Days Payable

For the Scientific & Technical Instruments subindustry, New Cosmos Electric 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.

New Cosmos Electric Co's Days Payable Distribution in the Hardware Industry

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

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

New Cosmos Electric 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.

New Cosmos Electric 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
=	( (2124.221	+	2494.662)	/	2 )	/	19428.873	*	365
=	2309.4415					/	19428.873	*	365
=	43.39

New Cosmos Electric 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
=	( (2461.311	+	2221.162)	/	2 )	/	5213.826	*	365 / 4
=	2341.2365					/	5213.826	*	365 / 4
=	40.98

New Cosmos Electric Co Days Payable Related Terms

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New Cosmos Electric Co (TSE:6824) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » New Cosmos Electric Co Ltd (TSE:6824) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

2-5-4 Mitsuyanaka, Yodogawa-ku, Osaka, JPN, 532-0036

Website

http://www.new-cosmos.co.jp

New Cosmos Electric Co., Ltd. is engaged in research, development, manufacturing, and selling of gas detection systems. Its products include residential gas alarms, industrial gas detection systems, portable gas detectors, odor sensors and products applying odor sensors. Its products used in household gas alarm utilizing original gas sensor technology, a stationary gas detection alarm device for industrial use, portable gas detector, as well as in odor sensor.

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