Showa Paxxs (TSE:3954) Days Payable : 75.00 (As of Dec. 2023)

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What is Showa Paxxs Days Payable?

Showa Paxxs's average Accounts Payable for the three months ended in Dec. 2023 was 円3,537 Mil. Showa Paxxs's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,304 Mil. Hence, Showa Paxxs's Days Payable for the three months ended in Dec. 2023 was 75.00.

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

TSE:3954' s Days Payable Range Over the Past 10 Years
Min: 63.44 Med: 70.12 Max: 89.23
Current: 68.45

During the past 13 years, Showa Paxxs's highest Days Payable was 89.23. The lowest was 63.44. And the median was 70.12.

TSE:3954's Days Payable is ranked better than
57.42% of 364 companies
in the Packaging & Containers industry
Industry Median: 59.19 vs TSE:3954: 68.45

Showa Paxxs's Days Payable declined from Dec. 2022 (78.37) to Dec. 2023 (75.00). It may suggest that Showa Paxxs accelerated paying its suppliers.

Showa Paxxs Days Payable Historical Data

The historical data trend for Showa Paxxs'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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Showa Paxxs Days Payable Chart

Showa Paxxs Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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74.38

68.95

65.47

63.44

65.00

Showa Paxxs Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															72.19	69.52	63.44	75.00	70.17

Competitive Comparison of Showa Paxxs's Days Payable

For the Packaging & Containers subindustry, Showa Paxxs'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.

Showa Paxxs's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Showa Paxxs's Days Payable distribution charts can be found below:

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

Showa Paxxs 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.

Showa Paxxs'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
=	( (3087.323	+	3264.952)	/	2 )	/	17833.989	*	365
=	3176.1375					/	17833.989	*	365
=	65.00

Showa Paxxs'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
=	( (3579.634	+	3495.213)	/	2 )	/	4303.81	*	365 / 4
=	3537.4235					/	4303.81	*	365 / 4
=	75.00

Showa Paxxs Days Payable Related Terms

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Showa Paxxs (TSE:3954) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Showa Paxxs Corp (TSE:3954) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-12 Ichigayahonmura-cho, Shinjuku-ku, Tokyo, JPN, 162-0845

Website

http://www.showa-paxxs.co.jp

Showa Paxxs Corporation is an industrial packaging container manufacturer. It is engaged in manufacturing and selling packaging materials and containers. The products offered by the company include heavy wrapping paper bags, containers, film, and packaging machine equipment systems.

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