Mani (TSE:7730) Days Payable : 6.25 (As of Feb. 2024)

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What is Mani Days Payable?

Mani's average Accounts Payable for the three months ended in Feb. 2024 was 円175 Mil. Mani's Cost of Goods Sold for the three months ended in Feb. 2024 was 円2,547 Mil. Hence, Mani's Days Payable for the three months ended in Feb. 2024 was 6.25.

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

TSE:7730' s Days Payable Range Over the Past 10 Years
Min: 5.43 Med: 9.12 Max: 15.11
Current: 6.46

During the past 13 years, Mani's highest Days Payable was 15.11. The lowest was 5.43. And the median was 9.12.

TSE:7730's Days Payable is ranked worse than
99.36% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs TSE:7730: 6.46

Mani's Days Payable increased from Feb. 2023 (5.22) to Feb. 2024 (6.25). It may suggest that Mani delayed paying its suppliers.

Mani Days Payable Historical Data

The historical data trend for Mani'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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Mani Days Payable Chart

Mani Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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8.76

11.38

9.00

6.21

5.43

Mani Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															5.22	6.35	8.06	5.70	6.25

Competitive Comparison of Mani's Days Payable

For the Medical Instruments & Supplies subindustry, Mani'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.

Mani's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Mani's Days Payable distribution charts can be found below:

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

Mani 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.

Mani's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (111	+	159)	/	2 )	/	9067	*	365
=	135					/	9067	*	365
=	5.43

Mani's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (174	+	175)	/	2 )	/	2547	*	365 / 4
=	174.5					/	2547	*	365 / 4
=	6.25

Mani Days Payable Related Terms

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Mani (TSE:7730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Mani Inc (TSE:7730) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8-3 Kogyodanchi, Tochigi, JPN

Website

http://www.mani.co.jp

Mani, Inc. manufactures medical devices and dental instruments. It sells products in four categories: surgical instruments, ophthalmic instruments, suture needles, and dental instruments. Mani's surgical products include instruments such as staplers, vessel knives, and bone saws. Its ophthalmic instruments include a range of knives used during eye surgery and ophthalmic sutures. Mani's suture needles business includes a variety of taper point and cutting eyeless needles, which require suture attachment and sterilization by the customer, as well as stainless-steel eyed needles. The firm's dental instruments include endodontic instruments and accessories, root canal equipment, and finishing and polishing instruments.

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