Nippon Gear Co (TSE:6356) Days Payable : 34.06 (As of Dec. 2023)

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What is Nippon Gear Co Days Payable?

Nippon Gear Co's average Accounts Payable for the three months ended in Dec. 2023 was 円532 Mil. Nippon Gear Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,426 Mil. Hence, Nippon Gear Co's Days Payable for the three months ended in Dec. 2023 was 34.06.

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

TSE:6356' s Days Payable Range Over the Past 10 Years
Min: 37.94 Med: 52.47 Max: 92.88
Current: 47.43

During the past 13 years, Nippon Gear Co's highest Days Payable was 92.88. The lowest was 37.94. And the median was 52.47.

TSE:6356's Days Payable is ranked worse than
67.67% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 66.62 vs TSE:6356: 47.43

Nippon Gear Co's Days Payable declined from Dec. 2022 (86.96) to Dec. 2023 (34.06). It may suggest that Nippon Gear Co accelerated paying its suppliers.

Nippon Gear Co Days Payable Historical Data

The historical data trend for Nippon Gear 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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Nippon Gear Co Days Payable Chart

Nippon Gear Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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91.00

88.33

55.63

37.94

39.29

Nippon Gear Co 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															86.96	58.70	36.72	41.49	34.06

Competitive Comparison of Nippon Gear Co's Days Payable

For the Auto Parts subindustry, Nippon Gear 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.

Nippon Gear Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Gear Co's Days Payable distribution charts can be found below:

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

Nippon Gear 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.

Nippon Gear Co'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
=	( (523.28	+	420.7)	/	2 )	/	4385.041	*	365
=	471.99					/	4385.041	*	365
=	39.29

Nippon Gear Co'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
=	( (472.241	+	591.993)	/	2 )	/	1425.593	*	365 / 4
=	532.117					/	1425.593	*	365 / 4
=	34.06

Nippon Gear Co Days Payable Related Terms

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Nippon Gear Co (TSE:6356) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Gear Co Ltd (TSE:6356) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Kirihara-Cho, Kanagawa-Ken, Fujisawa, JPN, 252-0811

Website

http://www.nippon-gear.jp

Nippon Gear Co Ltd is engaged in the design, production, and sale of valve actuators, high-speed gear drivers, mixers, screw jacks, monitoring equipment, data communication equipment, control equipment, and software. It offers valve actuators for a range of applications in petroleum, nuclear, generating plants, and water/sewer pipelines; jacks for use in lifting/lowering, inclines, pulling, opening/closing, adjustment, and holding; gear drives for power plant, chemical plant, wastewater treatment plant, and other applications; and gears for automotive, railroad, industrial machine, and other industries.

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