Nitto Boseki Co (TSE:3110) Days Payable : 39.51 (As of Sep. 2024)

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What is Nitto Boseki Co Days Payable?

Nitto Boseki Co's average Accounts Payable for the three months ended in Sep. 2024 was 円7,501 Mil. Nitto Boseki Co's Cost of Goods Sold for the three months ended in Sep. 2024 was 円17,325 Mil. Hence, Nitto Boseki Co's Days Payable for the three months ended in Sep. 2024 was 39.51.

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

TSE:3110' s Days Payable Range Over the Past 10 Years
Min: 42.4 Med: 50.39 Max: 62.62
Current: 46.08

During the past 13 years, Nitto Boseki Co's highest Days Payable was 62.62. The lowest was 42.40. And the median was 50.39.

TSE:3110's Days Payable is ranked worse than
57.54% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.01 vs TSE:3110: 46.08

Nitto Boseki Co's Days Payable declined from Sep. 2023 (50.82) to Sep. 2024 (39.51). It may suggest that Nitto Boseki Co accelerated paying its suppliers.

Nitto Boseki Co Days Payable Historical Data

The historical data trend for Nitto Boseki 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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Nitto Boseki Co Days Payable Chart

Nitto Boseki Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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49.74

44.23

42.80

42.40

46.90

Nitto Boseki Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															47.24	45.04	47.45	39.51	45.72

Competitive Comparison of Nitto Boseki Co's Days Payable

For the Textile Manufacturing subindustry, Nitto Boseki 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.

Nitto Boseki Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitto Boseki Co's Days Payable distribution charts can be found below:

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

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Nitto Boseki 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.

Nitto Boseki 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
=	( (7493	+	8604)	/	2 )	/	62639	*	365
=	8048.5					/	62639	*	365
=	46.90

Nitto Boseki 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	+	7501)	/	1 )	/	17325	*	365 / 4
=	7501					/	17325	*	365 / 4
=	39.51

Nitto Boseki Co Days Payable Related Terms

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Nitto Boseki Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitto Boseki Co Ltd (TSE:3110) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-1, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-8489

Website

http://www.nittobo.co.jp

Nitto Boseki Co Ltd is engaged in the textile business. It operates in six segments: Textiles Business engages in the manufacture and sales of textiles products (core-spun yarn, stretch products, interlining and other finished products, etc.); Glass Fiber Yam Business engages in the manufacture and sales of glass raw fiber products (yarn, roving, chopped strands, etc.); Glass Fiber Cloth Business engages in the manufacture and sales of glass fiber functional products (glass cloth, etc.); Glass Fiber for Industrial Materials Business engages in the manufacture and sales of glass fiber products for use in industrial materials and the manufacture and sales of glass wool products (for use in thermal insulation materials); Life Science Business; and Other segment.

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