Hitachi Construction Machinery Co (FRA:HCM) Days Payable : 85.05 (As of Sep. 2024)

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What is Hitachi Construction Machinery Co Days Payable?

Hitachi Construction Machinery Co's average Accounts Payable for the three months ended in Sep. 2024 was €1,357 Mil. Hitachi Construction Machinery Co's Cost of Goods Sold for the three months ended in Sep. 2024 was €1,456 Mil. Hence, Hitachi Construction Machinery Co's Days Payable for the three months ended in Sep. 2024 was 85.05.

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

FRA:HCM' s Days Payable Range Over the Past 10 Years
Min: 93.27 Med: 117.76 Max: 128.85
Current: 93.27

During the past 13 years, Hitachi Construction Machinery Co's highest Days Payable was 128.85. The lowest was 93.27. And the median was 117.76.

FRA:HCM's Days Payable is ranked better than
59.13% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 74.425 vs FRA:HCM: 93.27

Hitachi Construction Machinery Co's Days Payable declined from Sep. 2023 (93.60) to Sep. 2024 (85.05). It may suggest that Hitachi Construction Machinery Co accelerated paying its suppliers.

Hitachi Construction Machinery Co Days Payable Historical Data

The historical data trend for Hitachi Construction Machinery 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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Hitachi Construction Machinery Co Days Payable Chart

Hitachi Construction Machinery Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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110.40

108.85

99.26

100.46

101.45

Hitachi Construction Machinery Co 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															93.60	97.16	87.67	111.14	85.05

Competitive Comparison of Hitachi Construction Machinery Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hitachi Construction Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hitachi Construction Machinery Co's Days Payable falls into.

Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (1705.225	+	1608.449)	/	2 )	/	5961.192	*	365
=	1656.837					/	5961.192	*	365
=	101.45

Hitachi Construction Machinery Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	1356.826)	/	1 )	/	1455.671	*	365 / 4
=	1356.826					/	1455.671	*	365 / 4
=	85.05

Hitachi Construction Machinery Co Days Payable Related Terms

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Hitachi Construction Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hitachi Construction Machinery Co Ltd (FRA:HCM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HTCMY:USA HTCMF:USA 6305:Japan HCM:Germany

Address

16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015

Website

https://www.hitachicm.com

Hitachi Construction Machinery, or HCM, manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining/construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.4% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo, Japan.