Nikkato (TSE:5367) Days Payable : 70.24 (As of Dec. 2023)

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What is Nikkato Days Payable?

Nikkato's average Accounts Payable for the three months ended in Dec. 2023 was 円1,421 Mil. Nikkato's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,846 Mil. Hence, Nikkato's Days Payable for the three months ended in Dec. 2023 was 70.24.

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

TSE:5367' s Days Payable Range Over the Past 10 Years
Min: 56.66 Med: 70.53 Max: 83.91
Current: 70.47

During the past 13 years, Nikkato's highest Days Payable was 83.91. The lowest was 56.66. And the median was 70.53.

TSE:5367's Days Payable is ranked worse than
54.9% of 2920 companies
in the Industrial Products industry
Industry Median: 76.585 vs TSE:5367: 70.47

Nikkato's Days Payable declined from Dec. 2022 (77.33) to Dec. 2023 (70.24). It may suggest that Nikkato accelerated paying its suppliers.

Nikkato Days Payable Historical Data

The historical data trend for Nikkato'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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Nikkato Days Payable Chart

Nikkato Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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71.66

67.02

56.66

62.14

69.68

Nikkato Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															77.33	68.46	75.41	67.51	70.24

Competitive Comparison of Nikkato's Days Payable

For the Specialty Industrial Machinery subindustry, Nikkato'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.

Nikkato's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nikkato's Days Payable distribution charts can be found below:

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

Nikkato 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.

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

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1524.689	+	1585.364)	/	2 )	/	8145.658	*	365
=	1555.0265					/	8145.658	*	365
=	69.68

Nikkato'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
=	( (1435.614	+	1406.326)	/	2 )	/	1846.021	*	365 / 4
=	1420.97					/	1846.021	*	365 / 4
=	70.24

Nikkato Days Payable Related Terms

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Nikkato (TSE:5367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nikkato Corp (TSE:5367) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-2-24, Oriono-cho, Sakai-shi, Sakai-ku, Osaka, JPN, 590-0001

Website

http://www.nikkato.co.jp

Nikkato Corp engages in the manufacture and sale of ceramics for industrial and laboratory use; measurement and control equipment; and various kinds of electric furnaces. The Ceramics products include functional ceramics, including thermal heating elements, oxygen sensors and ceramics filters; abrasion-resistant ceramics, including ball mills and crushing balls and components; heat-resistant ceramics, core tubes, transportation rollers and heat-treatment equipment and instruments; as well as physical and chemical ceramics, including evaporating dishes, crucibles and ceramics for experimental purposes. The firm also purchases and sells heating systems, including electric furnaces, vacuum furnaces and thermal treatment equipment; measuring systems, as well as measurement controllers.

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