Nippon Light Metal Holdings Co (TSE:5703) Days Payable : 59.56 (As of Dec. 2023)

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What is Nippon Light Metal Holdings Co Days Payable?

Nippon Light Metal Holdings Co's average Accounts Payable for the three months ended in Dec. 2023 was 円73,320 Mil. Nippon Light Metal Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円112,331 Mil. Hence, Nippon Light Metal Holdings Co's Days Payable for the three months ended in Dec. 2023 was 59.56.

The historical rank and industry rank for Nippon Light Metal Holdings Co's Days Payable or its related term are showing as below:

TSE:5703' s Days Payable Range Over the Past 10 Years
Min: 58.42 Med: 68.64 Max: 70.1
Current: 60.21

During the past 13 years, Nippon Light Metal Holdings Co's highest Days Payable was 70.10. The lowest was 58.42. And the median was 68.64.

TSE:5703's Days Payable is ranked worse than
69.01% of 1068 companies
in the Metals & Mining industry
Industry Median: 129.525 vs TSE:5703: 60.21

Nippon Light Metal Holdings Co's Days Payable declined from Dec. 2022 (59.61) to Dec. 2023 (59.56). It may suggest that Nippon Light Metal Holdings Co accelerated paying its suppliers.

Nippon Light Metal Holdings Co Days Payable Historical Data

The historical data trend for Nippon Light Metal Holdings 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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Nippon Light Metal Holdings Co Days Payable Chart

Nippon Light Metal Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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70.10

68.65

69.08

63.79

58.42

Nippon Light Metal Holdings Co 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															59.61	58.71	59.92	59.76	59.56

Competitive Comparison of Nippon Light Metal Holdings Co's Days Payable

For the Aluminum subindustry, Nippon Light Metal Holdings 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.

Nippon Light Metal Holdings Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nippon Light Metal Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nippon Light Metal Holdings Co's Days Payable falls into.

Nippon Light Metal Holdings 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.

Nippon Light Metal Holdings Co'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
=	( (72324	+	68539)	/	2 )	/	440024	*	365
=	70431.5					/	440024	*	365
=	58.42

Nippon Light Metal Holdings Co'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
=	( (72116	+	74524)	/	2 )	/	112331	*	365 / 4
=	73320					/	112331	*	365 / 4
=	59.56

Nippon Light Metal Holdings Co Days Payable Related Terms

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Nippon Light Metal Holdings Co (TSE:5703) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nippon Light Metal Holdings Co Ltd (TSE:5703) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N9L:Germany

Address

Tennozu Yusen Building, 2-2-20 Higashi-Shinagawa, Shinagawa-ku, Tokyo, JPN, 140-8628

Website

http://www.nikkeikin.co.jp

Nippon Light Metal Holdings Co Ltd manufactures and sells alumina, aluminum, and fabricated products to customers worldwide. The company produces alloys, spark plug components, car suspension parts and aluminum sheets for the automotive industry and rolling stocks and truck cargo gates for the transportation industry. Nippon also manufactures other alloys, aluminum and alumina products for multiple end customers including the electrical, food, and construction industries. The company has operations throughout Asia as well as the United States and France.

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