NIX (TSE:4243) Days Payable : 28.42 (As of Mar. 2024)

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What is NIX Days Payable?

NIX's average Accounts Payable for the three months ended in Mar. 2024 was 円204 Mil. NIX's Cost of Goods Sold for the three months ended in Mar. 2024 was 円655 Mil. Hence, NIX's Days Payable for the three months ended in Mar. 2024 was 28.42.

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

TSE:4243' s Days Payable Range Over the Past 10 Years
Min: 9.02 Med: 45.26 Max: 100.75
Current: 33.97

During the past 13 years, NIX's highest Days Payable was 100.75. The lowest was 9.02. And the median was 45.26.

TSE:4243's Days Payable is ranked worse than
75.98% of 1503 companies
in the Chemicals industry
Industry Median: 60.18 vs TSE:4243: 33.97

NIX's Days Payable declined from Mar. 2023 (41.65) to Mar. 2024 (28.42). It may suggest that NIX accelerated paying its suppliers.

NIX Days Payable Historical Data

The historical data trend for NIX'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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NIX Days Payable Chart

NIX Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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78.33

46.65

42.11

43.87

35.90

NIX 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															41.65	40.72	33.24	30.88	28.42

Competitive Comparison of NIX's Days Payable

For the Specialty Chemicals subindustry, NIX'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.

NIX's Days Payable Distribution in the Chemicals Industry

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

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

NIX 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.

NIX's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (282.921	+	199.959)	/	2 )	/	2454.566	*	365
=	241.44					/	2454.566	*	365
=	35.90

NIX's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (196.219	+	211.734)	/	2 )	/	654.951	*	365 / 4
=	203.9765					/	654.951	*	365 / 4
=	28.42

NIX Days Payable Related Terms

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NIX Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NIX Inc (TSE:4243) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3-3 Minatomirai, Yokohama, JPN

Website

http://www.nix.co.jp

NIX Inc is engaged in planning, development, manufacture, and sale of parts like industrial plastic parts and plastic fasteners, mechanism parts, magazine racks storing, and label plastic machines.

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