Nippon Steel (STU:NPS) Days Payable : 78.45 (As of Sep. 2024)

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What is Nippon Steel Days Payable?

Nippon Steel's average Accounts Payable for the three months ended in Sep. 2024 was €10,097 Mil. Nippon Steel's Cost of Goods Sold for the three months ended in Sep. 2024 was €11,745 Mil. Hence, Nippon Steel's Days Payable for the three months ended in Sep. 2024 was 78.45.

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

STU:NPS' s Days Payable Range Over the Past 10 Years
Min: 50.77 Med: 85.17 Max: 121.24
Current: 83.64

During the past 13 years, Nippon Steel's highest Days Payable was 121.24. The lowest was 50.77. And the median was 85.17.

STU:NPS's Days Payable is ranked better than
78.77% of 603 companies
in the Steel industry
Industry Median: 40.36 vs STU:NPS: 83.64

Nippon Steel's Days Payable declined from Sep. 2023 (84.26) to Sep. 2024 (78.45). It may suggest that Nippon Steel accelerated paying its suppliers.

Nippon Steel Days Payable Historical Data

The historical data trend for Nippon Steel'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.

* Premium members only.

Nippon Steel Days Payable Chart

Nippon Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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102.25

126.68

95.45

89.18

90.32

Nippon Steel 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															84.26	81.31	87.41	98.30	78.45

Competitive Comparison of Nippon Steel's Days Payable

For the Steel subindustry, Nippon Steel'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.

Nippon Steel's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Nippon Steel's Days Payable distribution charts can be found below:

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

Nippon Steel 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.

Nippon Steel'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
=	( (11125.304	+	11610.445)	/	2 )	/	45941.061	*	365
=	11367.8745					/	45941.061	*	365
=	90.32

Nippon Steel'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	+	10097.126)	/	1 )	/	11745.107	*	365 / 4
=	10097.126					/	11745.107	*	365 / 4
=	78.45

Nippon Steel Days Payable Related Terms

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Nippon Steel Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

NPSCY:USA NISTF:USA 5401:Japan

Address

6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8071

Website

https://www.nipponsteel.com

Nippon Steel Corporation, or NS, is the largest steel producer in Japan and one of the top five producers globally. NS supplies steel products such as steel sheets, steel plates, pipes, tubes, bars, wire rods, and stainless steels. It is mainly exposed to the auto, construction, and energy sectors. Steelmaking accounts for around 85%-90% of its revenue, while the remainder stems from engineering and construction, chemicals, new materials, and system solutions. Around 35%-40% of its revenue is from exports.