Nifco (NIFCY) Days Payable

: 37.22 (As of Dec. 2023)

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Nifco's average Accounts Payable for the three months ended in Dec. 2023 was $197 Mil. Nifco's Cost of Goods Sold for the three months ended in Dec. 2023 was $482 Mil. Hence, Nifco's Days Payable for the three months ended in Dec. 2023 was 37.22.

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

NIFCY' s Days Payable Range Over the Past 10 Years
Min: 33.23 Med: 40.66 Max: 47.4
Current: 37.2

During the past 13 years, Nifco's highest Days Payable was 47.40. The lowest was 33.23. And the median was 40.66.

NIFCY's Days Payable is ranked worse than
78.84% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 66.19 vs NIFCY: 37.20

Nifco's Days Payable increased from Dec. 2022 (34.11) to Dec. 2023 (37.22). It may suggest that Nifco delayed paying its suppliers.

Nifco Days Payable Historical Data

The historical data trend for Nifco'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.

* Premium members only.

Nifco Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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36.42

32.70

39.21

39.68

38.81

Nifco 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															34.11	35.21	38.31	39.31	37.22

Competitive Comparison

For the Auto Parts subindustry, Nifco'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.

Nifco Days Payable Distribution

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

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

Nifco 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.

Nifco'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
=	( (187.709	+	187.604)	/	2 )	/	1765.079	*	365
=	187.6565					/	1765.079	*	365
=	38.81

Nifco'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
=	( (192.458	+	200.692)	/	2 )	/	481.874	*	365 / 4
=	196.575					/	481.874	*	365 / 4
=	37.22

Nifco Days Payable Related Terms

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Nifco (NIFCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nifco Inc (OTCPK:NIFCY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7988:Japan 9WM:Germany

Address

Mita Bellju Building 20th Floor, 5-36-7 Shiba, Minato-ku, Tokyo, JPN, 108-8522

Website

http://www.nifco.co.jp

Nifco Inc manufactures and sells a variety of plastic components. The automotive components division of the company includes parts for fuel tanks, engines, interiors, exteriors, and electrical components. It also offers Home solutions and Fashion related products such as Damper, Cord Lock, Magnet Latch and Push Latch among others.

Nifco (NIFCY) Headlines

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