Hisaka Works (TSE:6247) Days Payable : 58.91 (As of Dec. 2023)

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What is Hisaka Works Days Payable?

Hisaka Works's average Accounts Payable for the three months ended in Dec. 2023 was 円3,670 Mil. Hisaka Works's Cost of Goods Sold for the three months ended in Dec. 2023 was 円5,685 Mil. Hence, Hisaka Works's Days Payable for the three months ended in Dec. 2023 was 58.91.

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

TSE:6247' s Days Payable Range Over the Past 10 Years
Min: 43.82 Med: 47.17 Max: 94.81
Current: 49.32

During the past 13 years, Hisaka Works's highest Days Payable was 94.81. The lowest was 43.82. And the median was 47.17.

TSE:6247's Days Payable is ranked worse than
70.52% of 2934 companies
in the Industrial Products industry
Industry Median: 76.49 vs TSE:6247: 49.32

Hisaka Works's Days Payable increased from Dec. 2022 (45.54) to Dec. 2023 (58.91). It may suggest that Hisaka Works delayed paying its suppliers.

Hisaka Works Days Payable Historical Data

The historical data trend for Hisaka Works'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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Hisaka Works Days Payable Chart

Hisaka Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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47.69

45.43

46.64

46.21

43.82

Hisaka Works 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															45.54	43.98	46.28	45.28	58.91

Competitive Comparison of Hisaka Works's Days Payable

For the Specialty Industrial Machinery subindustry, Hisaka Works'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.

Hisaka Works's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hisaka Works's Days Payable falls into.

Hisaka Works 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.

Hisaka Works'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
=	( (3178	+	3152)	/	2 )	/	26364	*	365
=	3165					/	26364	*	365
=	43.82

Hisaka Works'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
=	( (3539	+	3801)	/	2 )	/	5685	*	365 / 4
=	3670					/	5685	*	365 / 4
=	58.91

Hisaka Works Days Payable Related Terms

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Hisaka Works (TSE:6247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hisaka Works Ltd (TSE:6247) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-2-14, Fushimimachi, Chuo-ku, Osaka, JPN, 541-0044

Website

http://www.hisaka.co.jp

Hisaka Works Ltd is a Japan-based company mainly engaged in the manufacture and sale of heat exchangers. The company operates through three segments namely Heat exchanger, Process engineering, and Valve divisions. Its Heat exchanger segments offer plate heat exchangers (PHE), semi-welded PHE, and plate condenser. The Process engineering segment provides food machinery, such as retort sterilization, liquid sequential sterilization, and concentration. Its Valve division segment renders ball valves, such as jacketed ball valves, tank bottom ball valves, pocket fewer valves and bamboo-type valves, and others.

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