NEC Capital Solutions (TSE:8793) Days Payable : 20.73 (As of Dec. 2023)

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What is NEC Capital Solutions Days Payable?

NEC Capital Solutions's average Accounts Payable for the three months ended in Dec. 2023 was 円12,654 Mil. NEC Capital Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was 円55,695 Mil. Hence, NEC Capital Solutions's Days Payable for the three months ended in Dec. 2023 was 20.73.

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

TSE:8793' s Days Payable Range Over the Past 10 Years
Min: 20.89 Med: 30.41 Max: 38.77
Current: 20.89

During the past 13 years, NEC Capital Solutions's highest Days Payable was 38.77. The lowest was 20.89. And the median was 30.41.

TSE:8793's Days Payable is ranked worse than
77.22% of 922 companies
in the Business Services industry
Industry Median: 47.445 vs TSE:8793: 20.89

NEC Capital Solutions's Days Payable declined from Dec. 2022 (32.12) to Dec. 2023 (20.73). It may suggest that NEC Capital Solutions accelerated paying its suppliers.

NEC Capital Solutions Days Payable Historical Data

The historical data trend for NEC Capital Solutions'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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NEC Capital Solutions Days Payable Chart

NEC Capital Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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38.77

34.91

35.64

28.89

23.21

NEC Capital Solutions 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															32.12	27.60	17.11	12.03	20.73

Competitive Comparison of NEC Capital Solutions's Days Payable

For the Rental & Leasing Services subindustry, NEC Capital Solutions'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.

NEC Capital Solutions's Days Payable Distribution in the Business Services Industry

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

* The bar in red indicates where NEC Capital Solutions's Days Payable falls into.

NEC Capital Solutions 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.

NEC Capital Solutions'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
=	( (12976	+	15794)	/	2 )	/	226187	*	365
=	14385					/	226187	*	365
=	23.21

NEC Capital Solutions'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
=	( (10382	+	14926)	/	2 )	/	55695	*	365 / 4
=	12654					/	55695	*	365 / 4
=	20.73

NEC Capital Solutions Days Payable Related Terms

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NEC Capital Solutions (TSE:8793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » NEC Capital Solutions Ltd (TSE:8793) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

29-11 Shiba 5-chome, Minato-ku, Tokyo, JPN

Website

http://www.necap.co.jp

NEC Capital Solutions Ltd is a Japan-based company engaged in the provision of financial services. It operates through four segments. The company's Leasing and installment segment are involved in the purchase and sale of processing equipment, communications equipment, office equipment, and industrial machinery. Its Finance segment consists of factoring and loans and other business. The RISA segment provides investment advice, fund business, and others. Its other business comprises of the sale of secondhand products, as well as the collection of transaction fees.

NEC Capital Solutions (TSE:8793) Headlines

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