Meidensha (Meidensha) Days Payable : 62.10 (As of Dec. 2023)

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What is Meidensha Days Payable?

Meidensha's average Accounts Payable for the three months ended in Dec. 2023 was $230 Mil. Meidensha's Cost of Goods Sold for the three months ended in Dec. 2023 was $338 Mil. Hence, Meidensha's Days Payable for the three months ended in Dec. 2023 was 62.10.

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

MEIVF' s Days Payable Range Over the Past 10 Years
Min: 58.04 Med: 70.33 Max: 77.74
Current: 58.04

During the past 13 years, Meidensha's highest Days Payable was 77.74. The lowest was 58.04. And the median was 70.33.

MEIVF's Days Payable is ranked worse than
62.7% of 2928 companies
in the Industrial Products industry
Industry Median: 76.275 vs MEIVF: 58.04

Meidensha's Days Payable declined from Dec. 2022 (64.10) to Dec. 2023 (62.10). It may suggest that Meidensha accelerated paying its suppliers.

Meidensha Days Payable Historical Data

The historical data trend for Meidensha'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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Meidensha Days Payable Chart

Meidensha Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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71.31

64.99

71.45

65.14

68.08

Meidensha 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															64.10	42.96	79.75	63.14	62.10

Competitive Comparison of Meidensha's Days Payable

For the Specialty Industrial Machinery subindustry, Meidensha'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.

Meidensha's Days Payable Distribution in the Industrial Products Industry

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

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

Meidensha 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.

Meidensha'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
=	( (293.445	+	291.559)	/	2 )	/	1568.1	*	365
=	292.502					/	1568.1	*	365
=	68.08

Meidensha'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
=	( (225.087	+	235.468)	/	2 )	/	338.384	*	365 / 4
=	230.2775					/	338.384	*	365 / 4
=	62.10

Meidensha Days Payable Related Terms

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Meidensha (Meidensha) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meidensha Corp (OTCPK:MEIVF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6508:Japan MW7:Germany

Address

ThinkPark Tower, 2-1-1 Osaki, Shinagawa-ku, Tokyo, JPN, 141-6029

Website

http://www.meidensha.co.jp

Meidensha Corp is a Japan-based conglomerate that operates through four segments. The company's social infrastructure systems segment, which accounts for the majority of the company's sales, is engaged in businesses related to social infrastructure such as power generation and electricity transmission. The industrial system segment supplies industrial components, dynamometer systems, automatic guided vehicles, and other industrial products to the general manufacturing industry. The maintenance and service segment provides maintaining services. The real estate segment is involved in real estate rentals. The company generates the majority of its sales from the Japanese domestic market.

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