MORIO DENKI Co (TSE:6647) Days Payable : 43.30 (As of Dec. 2023)

View and export this data going back to 1962. Start your Free Trial

What is MORIO DENKI Co Days Payable?

MORIO DENKI Co's average Accounts Payable for the three months ended in Dec. 2023 was 円663 Mil. MORIO DENKI Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,398 Mil. Hence, MORIO DENKI Co's Days Payable for the three months ended in Dec. 2023 was 43.30.

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

TSE:6647' s Days Payable Range Over the Past 10 Years
Min: 32.47 Med: 46.84 Max: 60.94
Current: 35.97

During the past 13 years, MORIO DENKI Co's highest Days Payable was 60.94. The lowest was 32.47. And the median was 46.84.

TSE:6647's Days Payable is ranked worse than
84.16% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs TSE:6647: 35.97

MORIO DENKI Co's Days Payable increased from Dec. 2022 (40.94) to Dec. 2023 (43.30). It may suggest that MORIO DENKI Co delayed paying its suppliers.

MORIO DENKI Co Days Payable Historical Data

The historical data trend for MORIO DENKI 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.

* Premium members only.

MORIO DENKI Co Days Payable Chart

MORIO DENKI Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

60.94

54.99

47.37

46.31

42.50

MORIO DENKI 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															40.94	29.34	38.05	37.61	43.30

Competitive Comparison of MORIO DENKI Co's Days Payable

For the Electrical Equipment & Parts subindustry, MORIO DENKI 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.

MORIO DENKI Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where MORIO DENKI Co's Days Payable falls into.

MORIO DENKI 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.

MORIO DENKI 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
=	( (887.337	+	645.226)	/	2 )	/	6580.979	*	365
=	766.2815					/	6580.979	*	365
=	42.50

MORIO DENKI 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
=	( (710.824	+	616.1)	/	2 )	/	1398.016	*	365 / 4
=	663.462					/	1398.016	*	365 / 4
=	43.30

MORIO DENKI Co Days Payable Related Terms

Thank you for viewing the detailed overview of MORIO DENKI Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

MORIO DENKI Co (TSE:6647) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MORIO DENKI Co Ltd (TSE:6647) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-34-1, Tateishi, Katsushika-ku, Tokyo, JPN, 125-0062

Website

http://www.morio.co.jp

MORIO DENKI CO., Ltd. is an electrical equipment manufacturer. The company supplies various kinds of electric and electronic equipment for public transportation uses, such as rolling stock component parts at the core, traffic information display system, and electric equipment for ships.

MORIO DENKI Co (TSE:6647) Headlines

No Headlines