Meiho Holdings (TSE:7369) Days Payable : 29.90 (As of Dec. 2023)

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What is Meiho Holdings Days Payable?

Meiho Holdings's average Accounts Payable for the three months ended in Dec. 2023 was 円611 Mil. Meiho Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,866 Mil. Hence, Meiho Holdings's Days Payable for the three months ended in Dec. 2023 was 29.90.

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

TSE:7369' s Days Payable Range Over the Past 10 Years
Min: 11.55 Med: 12.76 Max: 28.01
Current: 28.01

During the past 5 years, Meiho Holdings's highest Days Payable was 28.01. The lowest was 11.55. And the median was 12.76.

TSE:7369's Days Payable is ranked worse than
68.91% of 923 companies
in the Business Services industry
Industry Median: 47.5 vs TSE:7369: 28.01

Meiho Holdings's Days Payable increased from Dec. 2022 (13.07) to Dec. 2023 (29.90). It may suggest that Meiho Holdings delayed paying its suppliers.

Meiho Holdings Days Payable Historical Data

The historical data trend for Meiho Holdings'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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Meiho Holdings Days Payable Chart

Meiho Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

11.55

13.24

15.98

12.76

11.59

Meiho Holdings Quarterly Data
	Jun19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										13.07	26.23	33.06	17.48	29.90

Competitive Comparison of Meiho Holdings's Days Payable

For the Specialty Business Services subindustry, Meiho Holdings'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.

Meiho Holdings's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Meiho Holdings's Days Payable distribution charts can be found below:

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

Meiho Holdings 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.

Meiho Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (141.946	+	184.969)	/	2 )	/	5147.149	*	365
=	163.4575					/	5147.149	*	365
=	11.59

Meiho Holdings'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
=	( (349.169	+	873.51)	/	2 )	/	1865.654	*	365 / 4
=	611.3395					/	1865.654	*	365 / 4
=	29.90

Meiho Holdings Days Payable Related Terms

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Meiho Holdings (TSE:7369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Meiho Holdings Inc (TSE:7369) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-21 Fukiagecho, Gifu, JPN, 500-8326

Website

https://meihoholdings.co.jp

Meiho Holdings Inc is engaged in the construction consulting, compensate consulting, land survey, geological survey, temporary staffing services, security, construction and nursing care, . and related operations.

Meiho Holdings (TSE:7369) Headlines

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