Nippon Sheet Glass Co (Nippon Sheet Glass Co) Days Payable : 96.89 (As of Dec. 2023)

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What is Nippon Sheet Glass Co Days Payable?

Nippon Sheet Glass Co's average Accounts Payable for the three months ended in Dec. 2023 was $1,104 Mil. Nippon Sheet Glass Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,040 Mil. Hence, Nippon Sheet Glass Co's Days Payable for the three months ended in Dec. 2023 was 96.89.

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

NPSGY' s Days Payable Range Over the Past 10 Years
Min: 95.9 Med: 105.78 Max: 124.37
Current: 98.18

During the past 13 years, Nippon Sheet Glass Co's highest Days Payable was 124.37. The lowest was 95.90. And the median was 105.78.

NPSGY's Days Payable is ranked better than
70.82% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs NPSGY: 98.18

Nippon Sheet Glass Co's Days Payable declined from Dec. 2022 (106.38) to Dec. 2023 (96.89). It may suggest that Nippon Sheet Glass Co accelerated paying its suppliers.

Nippon Sheet Glass Co Days Payable Historical Data

The historical data trend for Nippon Sheet Glass 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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Nippon Sheet Glass Co Days Payable Chart

Nippon Sheet Glass Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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107.28

107.10

124.94

122.31

113.34

Nippon Sheet Glass 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															106.38	104.84	104.02	95.51	96.89

Competitive Comparison of Nippon Sheet Glass Co's Days Payable

For the Auto Parts subindustry, Nippon Sheet Glass 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.

Nippon Sheet Glass Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Sheet Glass Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nippon Sheet Glass Co's Days Payable falls into.

Nippon Sheet Glass 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.

Nippon Sheet Glass 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
=	( (1375.591	+	1373.68)	/	2 )	/	4426.799	*	365
=	1374.6355					/	4426.799	*	365
=	113.34

Nippon Sheet Glass 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
=	( (1138.983	+	1069.367)	/	2 )	/	1039.905	*	365 / 4
=	1104.175					/	1039.905	*	365 / 4
=	96.89

Nippon Sheet Glass Co Days Payable Related Terms

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Nippon Sheet Glass Co (Nippon Sheet Glass Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Sheet Glass Co Ltd (OTCPK:NPSGY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5202:Japan NI9:Germany

Address

Sumitomo Fudosan Mita Twin Building West Wing, 5-27, Mita 3-chome, Minato-Ku, Tokyo, JPN, 108-6321

Website

http://www.nsg.com

Nippon Sheet Glass Co Ltd manufactures glass and glazing products for many industries. The architectural segment, which accounts for roughly 40% of the company's total revenue, sells flat glass and glazing products to commercial and residential markets and the solar energy sector. The automotive segment, which accounts for roughly half of the company's total revenue, supplies a wide range of automotive glazing to vehicle manufacturers for new vehicles and replacement markets. The technical glass segment sells thin glass and glass fiber products for small displays, lenses, printers, and engine timing belts. Nippon sells its products worldwide, with more than a third of its sales in Europe, roughly a third in Japan and the rest of Asia, and the remaining sales in the Americas.

Nippon Sheet Glass Co (Nippon Sheet Glass Co) Headlines

From GuruFocus

Nippon Sheet Glass Co Stock Is Believed To Be Modestly Undervalued

By GF Value GF Value • 04-13-2021