Micron Machinery Co (TSE:6159) Days Payable : 19.43 (As of Aug. 2024)

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What is Micron Machinery Co Days Payable?

Micron Machinery Co's average Accounts Payable for the three months ended in Aug. 2024 was 円225 Mil. Micron Machinery Co's Cost of Goods Sold for the three months ended in Aug. 2024 was 円1,057 Mil. Hence, Micron Machinery Co's Days Payable for the three months ended in Aug. 2024 was 19.43.

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

TSE:6159' s Days Payable Range Over the Past 10 Years
Min: 14.02 Med: 17.61 Max: 34.12
Current: 24.58

During the past 13 years, Micron Machinery Co's highest Days Payable was 34.12. The lowest was 14.02. And the median was 17.61.

TSE:6159's Days Payable is ranked worse than
91.77% of 2942 companies
in the Industrial Products industry
Industry Median: 76.25 vs TSE:6159: 24.58

Micron Machinery Co's Days Payable increased from Aug. 2023 (10.11) to Aug. 2024 (19.43). It may suggest that Micron Machinery Co delayed paying its suppliers.

Micron Machinery Co Days Payable Historical Data

The historical data trend for Micron Machinery 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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Micron Machinery Co Days Payable Chart

Micron Machinery Co Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Days Payable

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15.96

17.46

14.87

14.02

23.13

Micron Machinery Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Payable	Get a 7-Day Free Trial															10.11	32.82	23.37	31.27	19.43

Competitive Comparison of Micron Machinery Co's Days Payable

For the Specialty Industrial Machinery subindustry, Micron Machinery 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.

Micron Machinery Co's Days Payable Distribution in the Industrial Products Industry

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

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

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Micron Machinery 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.

Micron Machinery Co's Days Payable for the fiscal year that ended in Aug. 2024 is calculated as

	Days Payable (A: Aug. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2023 )	+	Accounts Payable (A: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2024 )	*	Days in Period
=	( (100.988	+	270.816)	/	2 )	/	2933.217	*	365
=	185.902					/	2933.217	*	365
=	23.13

Micron Machinery Co's Days Payable for the quarter that ended in Aug. 2024 is calculated as:

	Days Payable (Q: Aug. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2024 )	+	Accounts Payable (Q: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
=	( (179.138	+	270.816)	/	2 )	/	1056.704	*	365 / 4
=	224.977					/	1056.704	*	365 / 4
=	19.43

Micron Machinery Co Days Payable Related Terms

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Micron Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Micron Machinery Co Ltd (TSE:6159) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

578-2 Uwano, Zao, Yamagata, JPN, 990-2303

Website

http://www.micron-grinder.co.jp

Micron Machinery Co Ltd is engaged in manufacturing and selling grinding machines in Japan. Its products include centerless and internal grinders. The company also exports its products to Australia, Austria, Brazil, Canada, Switzerland, China, the Czech Republic, Spain and France among other countries.

Micron Machinery Co Headlines

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