Howa Machinery (TSE:6203) Days Payable : 54.78 (As of Dec. 2023)

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What is Howa Machinery Days Payable?

Howa Machinery's average Accounts Payable for the three months ended in Dec. 2023 was 円2,201 Mil. Howa Machinery's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,666 Mil. Hence, Howa Machinery's Days Payable for the three months ended in Dec. 2023 was 54.78.

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

TSE:6203' s Days Payable Range Over the Past 10 Years
Min: 31.79 Med: 58.71 Max: 69.39
Current: 50.01

During the past 13 years, Howa Machinery's highest Days Payable was 69.39. The lowest was 31.79. And the median was 58.71.

TSE:6203's Days Payable is ranked worse than
69.98% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs TSE:6203: 50.01

Howa Machinery's Days Payable declined from Dec. 2022 (60.02) to Dec. 2023 (54.78). It may suggest that Howa Machinery accelerated paying its suppliers.

Howa Machinery Days Payable Historical Data

The historical data trend for Howa Machinery'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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Howa Machinery Days Payable Chart

Howa Machinery Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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58.94

64.44

59.58

57.35

58.47

Howa Machinery 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															60.02	40.90	61.89	48.86	54.78

Competitive Comparison of Howa Machinery's Days Payable

For the Specialty Industrial Machinery subindustry, Howa Machinery'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.

Howa Machinery's Days Payable Distribution in the Industrial Products Industry

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

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

Howa Machinery 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.

Howa Machinery'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
=	( (2624	+	2538)	/	2 )	/	16111	*	365
=	2581					/	16111	*	365
=	58.47

Howa Machinery'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
=	( (2182	+	2220)	/	2 )	/	3666	*	365 / 4
=	2201					/	3666	*	365 / 4
=	54.78

Howa Machinery Days Payable Related Terms

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Howa Machinery (TSE:6203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Howa Machinery Ltd (TSE:6203) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900-1, Sukaguchi, Kiyosu, Aichi, JPN

Website

http://www.howa.co.jp

Howa Machinery Ltd engages in the manufacture and sale of machine tools, pneumatic and hydraulic equipment, electronic machines, firearms, construction materials and construction machinery.

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