Shinpo Co (TSE:5903) Days Payable : 13.09 (As of Mar. 2024)

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What is Shinpo Co Days Payable?

Shinpo Co's average Accounts Payable for the three months ended in Mar. 2024 was 円157 Mil. Shinpo Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円1,093 Mil. Hence, Shinpo Co's Days Payable for the three months ended in Mar. 2024 was 13.09.

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

TSE:5903' s Days Payable Range Over the Past 10 Years
Min: 7.35 Med: 11.99 Max: 15.48
Current: 12.22

During the past 13 years, Shinpo Co's highest Days Payable was 15.48. The lowest was 7.35. And the median was 11.99.

TSE:5903's Days Payable is ranked worse than
97.85% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs TSE:5903: 12.22

Shinpo Co's Days Payable increased from Mar. 2023 (12.85) to Mar. 2024 (13.09). It may suggest that Shinpo Co delayed paying its suppliers.

Shinpo Co Days Payable Historical Data

The historical data trend for Shinpo 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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Shinpo Co Days Payable Chart

Shinpo Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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10.90

7.35

11.24

15.01

12.15

Shinpo Co 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															12.85	13.67	10.02	9.80	13.09

Competitive Comparison of Shinpo Co's Days Payable

For the Specialty Industrial Machinery subindustry, Shinpo 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.

Shinpo Co's Days Payable Distribution in the Industrial Products Industry

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

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

Shinpo 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.

Shinpo Co's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (160.399	+	103.406)	/	2 )	/	3963.694	*	365
=	131.9025					/	3963.694	*	365
=	12.15

Shinpo Co'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
=	( (130.287	+	183.246)	/	2 )	/	1093.2	*	365 / 4
=	156.7665					/	1093.2	*	365 / 4
=	13.09

Shinpo Co Days Payable Related Terms

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Shinpo Co (TSE:5903) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shinpo Co Ltd (TSE:5903) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

110 Wakabadai Meitou-ku, Aichi, Nagoya, JPN, 465 0015

Website

http://www.shinpo-en.com

Shinpo Co Ltd manufactures and distributes patented smokeless grills and related accessories. It offers ceramic charcoal roasters, radiant plate roasters and natural charcoal roasters, among others. It also offers installation and maintenance services.

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