Furuno Electric Co (TSE:6814) Days Payable : 32.63 (As of Nov. 2023)

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What is Furuno Electric Co Days Payable?

Furuno Electric Co's average Accounts Payable for the three months ended in Nov. 2023 was 円6,388 Mil. Furuno Electric Co's Cost of Goods Sold for the three months ended in Nov. 2023 was 円17,866 Mil. Hence, Furuno Electric Co's Days Payable for the three months ended in Nov. 2023 was 32.63.

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

TSE:6814' s Days Payable Range Over the Past 10 Years
Min: 20.66 Med: 29.38 Max: 55.66
Current: 32.04

During the past 13 years, Furuno Electric Co's highest Days Payable was 55.66. The lowest was 20.66. And the median was 29.38.

TSE:6814's Days Payable is ranked worse than
85.91% of 2421 companies
in the Hardware industry
Industry Median: 67.76 vs TSE:6814: 32.04

Furuno Electric Co's Days Payable declined from Nov. 2022 (38.82) to Nov. 2023 (32.63). It may suggest that Furuno Electric Co accelerated paying its suppliers.

Furuno Electric Co Days Payable Historical Data

The historical data trend for Furuno Electric 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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Furuno Electric Co Days Payable Chart

Furuno Electric Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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20.66

22.74

27.20

33.60

30.35

Furuno Electric Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															33.30	43.89	34.26	32.63	23.67

Competitive Comparison of Furuno Electric Co's Days Payable

For the Scientific & Technical Instruments subindustry, Furuno Electric 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.

Furuno Electric Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Furuno Electric Co's Days Payable distribution charts can be found below:

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

Furuno Electric 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.

Furuno Electric Co's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (6435	+	5582)	/	2 )	/	72256	*	365
=	6008.5					/	72256	*	365
=	30.35

Furuno Electric Co's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (6863	+	5913)	/	2 )	/	17866	*	365 / 4
=	6388					/	17866	*	365 / 4
=	32.63

Furuno Electric Co Days Payable Related Terms

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Furuno Electric Co (TSE:6814) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Furuno Electric Co Ltd (TSE:6814) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

9-52 Ashihara-cho, Hyogo Prefecture, Nishinomiya City, JPN

Website

http://www.furuno.co.jp

Furuno Electric Co., Ltd is engaged in the business of producing marine related electronic equipment. The products portfolio includes fish sonar, GPS, Radar, Coastal monitoring system, Automatic identification system, Voyage data recorder, and satellite communications equipment.

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