Nichiban Co (TSE:4218) Days Payable : 47.40 (As of Dec. 2023)

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What is Nichiban Co Days Payable?

Nichiban Co's average Accounts Payable for the three months ended in Dec. 2023 was 円4,615 Mil. Nichiban Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,884 Mil. Hence, Nichiban Co's Days Payable for the three months ended in Dec. 2023 was 47.40.

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

TSE:4218' s Days Payable Range Over the Past 10 Years
Min: 48.74 Med: 52.84 Max: 98.71
Current: 51.29

During the past 13 years, Nichiban Co's highest Days Payable was 98.71. The lowest was 48.74. And the median was 52.84.

TSE:4218's Days Payable is ranked worse than
68.74% of 2930 companies
in the Industrial Products industry
Industry Median: 76.24 vs TSE:4218: 51.29

Nichiban Co's Days Payable increased from Dec. 2022 (46.69) to Dec. 2023 (47.40). It may suggest that Nichiban Co delayed paying its suppliers.

Nichiban Co Days Payable Historical Data

The historical data trend for Nichiban 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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Nichiban Co Days Payable Chart

Nichiban Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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49.70

53.21

54.35

51.52

48.74

Nichiban 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															46.69	51.08	55.92	50.84	47.40

Competitive Comparison of Nichiban Co's Days Payable

For the Business Equipment & Supplies subindustry, Nichiban 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.

Nichiban Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nichiban Co's Days Payable distribution charts can be found below:

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

Nichiban 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.

Nichiban 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
=	( (4051	+	4652)	/	2 )	/	32586	*	365
=	4351.5					/	32586	*	365
=	48.74

Nichiban 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
=	( (4550	+	4679)	/	2 )	/	8884	*	365 / 4
=	4614.5					/	8884	*	365 / 4
=	47.40

Nichiban Co Days Payable Related Terms

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Nichiban Co (TSE:4218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nichiban Co Ltd (TSE:4218) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3-3, Sekiguchi, Bunkyo-ku, Tokyo, JPN, 112-8663

Website

http://www.nichiban.co.jp

Nichiban Co Ltd is a Japan based company engaged in the business of manufacturing and selling products in the field of medical supplies, healthcare, industrial products and industrial products. It offers hemostatic solutions, wound care dressing and surgical tapes, industrial products for manufacturing and distribution and automotive industry, stationery products, TDS pharmaceutical pain relief plaster and foot care products, sports medical battlewin taping tape and first aid bandage.

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