Higashimaru Co (FSE:2058) Days Payable : 32.73 (As of Dec. 2023)

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What is Higashimaru Co Days Payable?

Higashimaru Co's average Accounts Payable for the three months ended in Dec. 2023 was 円1,108 Mil. Higashimaru Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,088 Mil. Hence, Higashimaru Co's Days Payable for the three months ended in Dec. 2023 was 32.73.

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

FSE:2058' s Days Payable Range Over the Past 10 Years
Min: 21.88 Med: 23.82 Max: 33.9
Current: 33.9

During the past 11 years, Higashimaru Co's highest Days Payable was 33.90. The lowest was 21.88. And the median was 23.82.

FSE:2058's Days Payable is ranked worse than
66.07% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 46.08 vs FSE:2058: 33.90

Higashimaru Co's Days Payable declined from Dec. 2022 (33.85) to Dec. 2023 (32.73). It may suggest that Higashimaru Co accelerated paying its suppliers.

Higashimaru Co Days Payable Historical Data

The historical data trend for Higashimaru 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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Higashimaru Co Days Payable Chart

Higashimaru Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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27.90

23.57

21.88

28.48

28.37

Higashimaru 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															33.85	39.26	29.63	28.82	32.73

Competitive Comparison of Higashimaru Co's Days Payable

For the Farm Products subindustry, Higashimaru 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.

Higashimaru Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Higashimaru Co's Days Payable distribution charts can be found below:

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

Higashimaru 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.

Higashimaru 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
=	( (748	+	736)	/	2 )	/	9545	*	365
=	742					/	9545	*	365
=	28.37

Higashimaru 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
=	( (936	+	1279)	/	2 )	/	3088	*	365 / 4
=	1107.5					/	3088	*	365 / 4
=	32.73

Higashimaru Co Days Payable Related Terms

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Higashimaru Co (FSE:2058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Higashimaru Co Ltd (FSE:2058) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Inokakura, Ijuin-cho, Hioki-shi, Kagoshima, JPN, 899-2594

Website

http://www.k-higashimaru.co.jp

Higashimaru Co Ltd produces, sells and exports food products. It has a fisheries business and food business. Its fisheries business engaged in the production and sale of yellowtail feeds and mixed feeds for various fish farms. The company offers formula feeds for fish culture and also provides instant noodles, noodle dishes, noodle soups, wheat noodles, snacks, and fruit juices, among others.

Higashimaru Co (FSE:2058) Headlines

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