Nitto Seimo Co (TSE:3524) Days Payable : 33.20 (As of Apr. 2024)

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What is Nitto Seimo Co Days Payable?

Nitto Seimo Co's average Accounts Payable for the three months ended in Apr. 2024 was 円2,014 Mil. Nitto Seimo Co's Cost of Goods Sold for the three months ended in Apr. 2024 was 円5,534 Mil. Hence, Nitto Seimo Co's Days Payable for the three months ended in Apr. 2024 was 33.20.

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

TSE:3524' s Days Payable Range Over the Past 10 Years
Min: 42.82 Med: 70.73 Max: 103.05
Current: 42.82

During the past 13 years, Nitto Seimo Co's highest Days Payable was 103.05. The lowest was 42.82. And the median was 70.73.

TSE:3524's Days Payable is ranked worse than
62.1% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.93 vs TSE:3524: 42.82

Nitto Seimo Co's Days Payable declined from Apr. 2023 (35.86) to Apr. 2024 (33.20). It may suggest that Nitto Seimo Co accelerated paying its suppliers.

Nitto Seimo Co Days Payable Historical Data

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

Nitto Seimo Co Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Days Payable

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61.48

59.85

60.44

53.03

43.56

Nitto Seimo Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Days Payable	Get a 7-Day Free Trial															35.86	49.78	40.63	52.89	33.20

Competitive Comparison of Nitto Seimo Co's Days Payable

For the Textile Manufacturing subindustry, Nitto Seimo 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 Seimo Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Nitto Seimo 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 Seimo Co's Days Payable for the fiscal year that ended in Apr. 2024 is calculated as

	Days Payable (A: Apr. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2023 )	+	Accounts Payable (A: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2024 )	*	Days in Period
=	( (2014.447	+	2041.238)	/	2 )	/	16992.95	*	365
=	2027.8425					/	16992.95	*	365
=	43.56

Nitto Seimo Co's Days Payable for the quarter that ended in Apr. 2024 is calculated as:

	Days Payable (Q: Apr. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2024 )	+	Accounts Payable (Q: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
=	( (1985.914	+	2041.238)	/	2 )	/	5534.381	*	365 / 4
=	2013.576					/	5534.381	*	365 / 4
=	33.20

Nitto Seimo Co Days Payable Related Terms

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Nitto Seimo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitto Seimo Co Ltd (TSE:3524) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-20-15 Shimbashi, Minato-ku, Tokyo, JPN

Website

http://www.nittoseimo.co.jp

Nitto Seimo Co Ltd is engaged in manufacturing and sales of knotless nets, knotted nets, minnow nets, and ropes for fishery and onshore use and sales of laborsaving machinery and equipment for vessels and fishing operation as well as marine products.

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