Meiji Holdings Co (TSE:2269) Days Payable : 56.18 (As of Dec. 2023)

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What is Meiji Holdings Co Days Payable?

Meiji Holdings Co's average Accounts Payable for the three months ended in Dec. 2023 was 円124,252 Mil. Meiji Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円201,806 Mil. Hence, Meiji Holdings Co's Days Payable for the three months ended in Dec. 2023 was 56.18.

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

TSE:2269' s Days Payable Range Over the Past 10 Years
Min: 47.83 Med: 53.29 Max: 56.25
Current: 55.49

During the past 13 years, Meiji Holdings Co's highest Days Payable was 56.25. The lowest was 47.83. And the median was 53.29.

TSE:2269's Days Payable is ranked better than
60.54% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.62 vs TSE:2269: 55.49

Meiji Holdings Co's Days Payable increased from Dec. 2022 (51.00) to Dec. 2023 (56.18). It may suggest that Meiji Holdings Co delayed paying its suppliers.

Meiji Holdings Co Days Payable Historical Data

The historical data trend for Meiji Holdings 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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Meiji Holdings Co Days Payable Chart

Meiji Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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56.18

54.92

53.43

56.25

53.14

Meiji Holdings 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															51.00	55.46	54.15	53.94	56.18

Competitive Comparison of Meiji Holdings Co's Days Payable

For the Packaged Foods subindustry, Meiji Holdings 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.

Meiji Holdings Co's Days Payable Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Meiji Holdings Co's Days Payable falls into.

Meiji Holdings 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.

Meiji Holdings 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
=	( (107634	+	112312)	/	2 )	/	755355	*	365
=	109973					/	755355	*	365
=	53.14

Meiji Holdings 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
=	( (123979	+	124524)	/	2 )	/	201806	*	365 / 4
=	124251.5					/	201806	*	365 / 4
=	56.18

Meiji Holdings Co Days Payable Related Terms

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Meiji Holdings Co (TSE:2269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meiji Holdings Co Ltd (TSE:2269) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MEJHY:USA

Address

4-16, Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.meiji.com

Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.

Meiji Holdings Co (TSE:2269) Headlines

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