Nisso Pronity Co (FSE:3440) Days Payable : 26.62 (As of Feb. 2024)

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What is Nisso Pronity Co Days Payable?

Nisso Pronity Co's average Accounts Payable for the three months ended in Feb. 2024 was 円983 Mil. Nisso Pronity Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円3,369 Mil. Hence, Nisso Pronity Co's Days Payable for the three months ended in Feb. 2024 was 26.62.

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

FSE:3440' s Days Payable Range Over the Past 10 Years
Min: 15.91 Med: 19.46 Max: 34.05
Current: 34.05

During the past 12 years, Nisso Pronity Co's highest Days Payable was 34.05. The lowest was 15.91. And the median was 19.46.

FSE:3440's Days Payable is ranked worse than
85.83% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs FSE:3440: 34.05

Nisso Pronity Co's Days Payable declined from Feb. 2023 (39.43) to Feb. 2024 (26.62). It may suggest that Nisso Pronity Co accelerated paying its suppliers.

Nisso Pronity Co Days Payable Historical Data

The historical data trend for Nisso Pronity 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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Nisso Pronity Co Days Payable Chart

Nisso Pronity Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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18.93

19.98

15.91

26.59

27.66

Nisso Pronity 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															39.43	40.15	35.78	33.61	26.62

Competitive Comparison of Nisso Pronity Co's Days Payable

For the Metal Fabrication subindustry, Nisso Pronity 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.

Nisso Pronity Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nisso Pronity Co's Days Payable distribution charts can be found below:

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

Nisso Pronity 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.

Nisso Pronity Co's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (577.602	+	915.944)	/	2 )	/	9854.196	*	365
=	746.773					/	9854.196	*	365
=	27.66

Nisso Pronity Co's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (987.482	+	978.062)	/	2 )	/	3369.026	*	365 / 4
=	982.772					/	3369.026	*	365 / 4
=	26.62

Nisso Pronity Co Days Payable Related Terms

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Nisso Pronity Co (FSE:3440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nisso Pronity Co Ltd (FSE:3440) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

3440:Japan

Address

1-15-29 Mukono, Minami-ku, Fukuoka-shi, JPN, 815-0035

Website

https://www.kakou-nisso.co.jp

Nisso Pronity Co Ltd operates in the metal-processing industry. The company offers processing equipment include bending robot, network compliant press brake, linear drive laser machine, fully automatic panel vendor, leveler shear line.

Nisso Pronity Co (FSE:3440) Headlines

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