Shima Seiki Mfg (TSE:6222) Days Payable : 48.97 (As of Dec. 2023)

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What is Shima Seiki Mfg Days Payable?

Shima Seiki Mfg's average Accounts Payable for the three months ended in Dec. 2023 was 円2,037 Mil. Shima Seiki Mfg's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,796 Mil. Hence, Shima Seiki Mfg's Days Payable for the three months ended in Dec. 2023 was 48.97.

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

TSE:6222' s Days Payable Range Over the Past 10 Years
Min: 33.82 Med: 45.5 Max: 91.12
Current: 35.56

During the past 13 years, Shima Seiki Mfg's highest Days Payable was 91.12. The lowest was 33.82. And the median was 45.50.

TSE:6222's Days Payable is ranked worse than
84.54% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs TSE:6222: 35.56

Shima Seiki Mfg's Days Payable increased from Dec. 2022 (40.30) to Dec. 2023 (48.97). It may suggest that Shima Seiki Mfg delayed paying its suppliers.

Shima Seiki Mfg Days Payable Historical Data

The historical data trend for Shima Seiki Mfg'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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Shima Seiki Mfg Days Payable Chart

Shima Seiki Mfg Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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44.98

38.87

44.37

40.37

33.82

Shima Seiki Mfg 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															40.30	28.30	29.02	47.69	48.97

Competitive Comparison of Shima Seiki Mfg's Days Payable

For the Specialty Industrial Machinery subindustry, Shima Seiki Mfg'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.

Shima Seiki Mfg's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shima Seiki Mfg's Days Payable falls into.

Shima Seiki Mfg 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.

Shima Seiki Mfg'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
=	( (2207	+	2245)	/	2 )	/	24027	*	365
=	2226					/	24027	*	365
=	33.82

Shima Seiki Mfg'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
=	( (2095	+	1979)	/	2 )	/	3796	*	365 / 4
=	2037					/	3796	*	365 / 4
=	48.97

Shima Seiki Mfg Days Payable Related Terms

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Shima Seiki Mfg (TSE:6222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shima Seiki Mfg Ltd (TSE:6222) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Sakata, Wakayama, JPN, 641-8511

Website

http://www.shimaseiki.co.jp

Shima Seiki Mfg Ltd is a Japan-based company that is engaged in developing, manufacturing, selling, and servicing computerized flat knitting machines, design systems, automatic fabric-cutting machines, and glove- and sock-knitting machines. The company's products are applied in apparel, knitting, weaving, printing, circular knitting, interior furnishings, automotive, aerospace, and other industrial materials. Flat knitting machines account for the majority of the company's sales. Shima Seiki generates most of its sales from Asia and Europe.

Shima Seiki Mfg (TSE:6222) Headlines

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