Morinaga Milk Industry Co (TSE:2264) Days Payable : 51.60 (As of Dec. 2023)

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What is Morinaga Milk Industry Co Days Payable?

Morinaga Milk Industry Co's average Accounts Payable for the three months ended in Dec. 2023 was 円58,992 Mil. Morinaga Milk Industry Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円104,324 Mil. Hence, Morinaga Milk Industry Co's Days Payable for the three months ended in Dec. 2023 was 51.60.

The historical rank and industry rank for Morinaga Milk Industry Co's Days Payable or its related term are showing as below:

TSE:2264' s Days Payable Range Over the Past 10 Years
Min: 46.45 Med: 48.19 Max: 51.33
Current: 51.04

During the past 13 years, Morinaga Milk Industry Co's highest Days Payable was 51.33. The lowest was 46.45. And the median was 48.19.

TSE:2264's Days Payable is ranked better than
56.23% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs TSE:2264: 51.04

Morinaga Milk Industry Co's Days Payable increased from Dec. 2022 (48.39) to Dec. 2023 (51.60). It may suggest that Morinaga Milk Industry Co delayed paying its suppliers.

Morinaga Milk Industry Co Days Payable Historical Data

The historical data trend for Morinaga Milk Industry 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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Morinaga Milk Industry Co Days Payable Chart

Morinaga Milk Industry Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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51.33

48.06

46.45

48.31

47.48

Morinaga Milk Industry 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															48.39	54.98	48.03	49.03	51.60

Competitive Comparison of Morinaga Milk Industry Co's Days Payable

For the Packaged Foods subindustry, Morinaga Milk Industry 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.

Morinaga Milk Industry Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga Milk Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Morinaga Milk Industry Co's Days Payable falls into.

Morinaga Milk Industry 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.

Morinaga Milk Industry 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
=	( (52122	+	53844)	/	2 )	/	407308	*	365
=	52983					/	407308	*	365
=	47.48

Morinaga Milk Industry 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
=	( (59066	+	58917)	/	2 )	/	104324	*	365 / 4
=	58991.5					/	104324	*	365 / 4
=	51.60

Morinaga Milk Industry Co Days Payable Related Terms

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Morinaga Milk Industry Co (TSE:2264) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Morinaga Milk Industry Co Ltd (TSE:2264) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MO8:Germany

Address

33-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8384

Website

http://www.morinagamilk.co.jp

Morinaga Milk Industry Co., Ltd. is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipments. The company through its subsidiaries markets its products internationally.

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