Horiba (FRA:01H) Days Payable : 48.95 (As of Jun. 2024)

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What is Horiba Days Payable?

Horiba's average Accounts Payable for the three months ended in Jun. 2024 was €131 Mil. Horiba's Cost of Goods Sold for the three months ended in Jun. 2024 was €245 Mil. Hence, Horiba's Days Payable for the three months ended in Jun. 2024 was 48.95.

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

FRA:01H' s Days Payable Range Over the Past 10 Years
Min: 59.44 Med: 68.47 Max: 79.07
Current: 59.44

During the past 13 years, Horiba's highest Days Payable was 79.07. The lowest was 59.44. And the median was 68.47.

FRA:01H's Days Payable is ranked worse than
59.53% of 2409 companies
in the Hardware industry
Industry Median: 68.75 vs FRA:01H: 59.44

Horiba's Days Payable declined from Jun. 2023 (84.29) to Jun. 2024 (48.95). It may suggest that Horiba accelerated paying its suppliers.

Horiba Days Payable Historical Data

The historical data trend for Horiba'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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Horiba Days Payable Chart

Horiba Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.13

67.54

69.87

82.98

79.53

Horiba Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															76.50	56.47	65.92	48.95	40.18

Competitive Comparison of Horiba's Days Payable

For the Scientific & Technical Instruments subindustry, Horiba'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.

Horiba's Days Payable Distribution in the Hardware Industry

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

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

Horiba 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.

Horiba's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (258.504	+	194.365)	/	2 )	/	1039.241	*	365
=	226.4345					/	1039.241	*	365
=	79.53

Horiba's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (152.008	+	110.767)	/	2 )	/	244.908	*	365 / 4
=	131.3875					/	244.908	*	365 / 4
=	48.95

Horiba Days Payable Related Terms

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Horiba Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Horiba Ltd (FRA:01H) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HRIBF:USA 6856:Japan 01H:Germany

Address

2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto, JPN, 601-8510

Website

http://www.horiba.co.jp

Horiba Ltd provides analytical and measurement equipment. The automotive test systems segment contributes the largest percentage of revenue and supplies engine, driveline, brake, wind tunnel balance, and emissions test systems. The scientific segment sells instruments like pH meters, X-ray microscopes, and spectrometers. The semiconductor segment supplies mass flow controllers that are used in the semiconductor manufacturing process. The medical-diagnostic segment sells blood testing instruments and reagents for the in vitro diagnostics market. The process and environmental segment provides solutions associated with environmental regulations, such as air-pollution and water-quality analyzers. Horiba generates the largest proportion of its sales in Japan.

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