Nichiryoku Co (TSE:7578) Days Payable : 34.07 (As of Dec. 2023)

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What is Nichiryoku Co Days Payable?

Nichiryoku Co's average Accounts Payable for the three months ended in Dec. 2023 was 円76 Mil. Nichiryoku Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円203 Mil. Hence, Nichiryoku Co's Days Payable for the three months ended in Dec. 2023 was 34.07.

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

TSE:7578' s Days Payable Range Over the Past 10 Years
Min: 24.79 Med: 36.13 Max: 61.95
Current: 33.5

During the past 13 years, Nichiryoku Co's highest Days Payable was 61.95. The lowest was 24.79. And the median was 36.13.

TSE:7578's Days Payable is ranked better than
56.12% of 98 companies
in the Personal Services industry
Industry Median: 29.355 vs TSE:7578: 33.50

Nichiryoku Co's Days Payable declined from Dec. 2022 (34.85) to Dec. 2023 (34.07). It may suggest that Nichiryoku Co accelerated paying its suppliers.

Nichiryoku Co Days Payable Historical Data

The historical data trend for Nichiryoku 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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Nichiryoku Co Days Payable Chart

Nichiryoku Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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25.58

28.13

34.22

37.11

35.15

Nichiryoku 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															34.85	30.67	40.08	31.19	34.07

Competitive Comparison of Nichiryoku Co's Days Payable

For the Personal Services subindustry, Nichiryoku 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.

Nichiryoku Co's Days Payable Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Nichiryoku Co's Days Payable distribution charts can be found below:

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

Nichiryoku 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.

Nichiryoku 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
=	( (98.897	+	98.61)	/	2 )	/	1025.436	*	365
=	98.7535					/	1025.436	*	365
=	35.15

Nichiryoku 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
=	( (75.345	+	76.308)	/	2 )	/	203.099	*	365 / 4
=	75.8265					/	203.099	*	365 / 4
=	34.07

Nichiryoku Co Days Payable Related Terms

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Nichiryoku Co (TSE:7578) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Nichiryoku Co Ltd (TSE:7578) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-33-5 Uenozuki, Suginami-ku, Tokyo, JPN, 167-0023

Website

http://www.nichiryoku.co.jp

Nichiryoku Co., Ltd. is engaged in the construction, sale, and management of cemeteries and crane houses; mining, design, manufacture, and sale of stones and stone products; planning and contracting of various religious services; and sale of funeral gifts as well as the management of funeral operations.

Nichiryoku Co (TSE:7578) Headlines

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