Miura Co (TSE:6005) Days Payable : 50.84 (As of Dec. 2023)

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What is Miura Co Days Payable?

Miura Co's average Accounts Payable for the three months ended in Dec. 2023 was 円11,655 Mil. Miura Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円20,919 Mil. Hence, Miura Co's Days Payable for the three months ended in Dec. 2023 was 50.84.

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

TSE:6005' s Days Payable Range Over the Past 10 Years
Min: 18.24 Med: 52.88 Max: 68.21
Current: 46.61

During the past 13 years, Miura Co's highest Days Payable was 68.21. The lowest was 18.24. And the median was 52.88.

TSE:6005's Days Payable is ranked worse than
73.28% of 2930 companies
in the Industrial Products industry
Industry Median: 76.065 vs TSE:6005: 46.61

Miura Co's Days Payable declined from Dec. 2022 (62.23) to Dec. 2023 (50.84). It may suggest that Miura Co accelerated paying its suppliers.

Miura Co Days Payable Historical Data

The historical data trend for Miura 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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Miura Co Days Payable Chart

Miura Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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62.81

66.21

68.21

64.39

54.93

Miura 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															62.23	36.74	60.59	43.22	50.84

Competitive Comparison of Miura Co's Days Payable

For the Specialty Industrial Machinery subindustry, Miura 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.

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

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

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

Miura 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.

Miura 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
=	( (15916	+	12395)	/	2 )	/	94059	*	365
=	14155.5					/	94059	*	365
=	54.93

Miura 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
=	( (11764	+	11546)	/	2 )	/	20919	*	365 / 4
=	11655					/	20919	*	365 / 4
=	50.84

Miura Co Days Payable Related Terms

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Miura Co (TSE:6005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miura Co Ltd (TSE:6005) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Horie-cho, Matsuyama, Ehime, JPN, 799-2696

Website

http://www.miuraz.co.jp

Miura Co Ltd is a Japan based company engaged in production, sale, and maintenance of small once-through boilers, marine boilers, exhaust gas boilers, water treatment equipment, food processing equipment, sterilizers, and chemicals, environmental certification, among others.

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