Nireco (TSE:6863) Days Payable : 29.24 (As of Dec. 2023)

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What is Nireco Days Payable?

Nireco's average Accounts Payable for the three months ended in Dec. 2023 was 円453 Mil. Nireco's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,415 Mil. Hence, Nireco's Days Payable for the three months ended in Dec. 2023 was 29.24.

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

TSE:6863' s Days Payable Range Over the Past 10 Years
Min: 19.87 Med: 25.46 Max: 34.8
Current: 28.2

During the past 13 years, Nireco's highest Days Payable was 34.80. The lowest was 19.87. And the median was 25.46.

TSE:6863's Days Payable is ranked worse than
89.35% of 2422 companies
in the Hardware industry
Industry Median: 68.065 vs TSE:6863: 28.20

Nireco's Days Payable declined from Dec. 2022 (29.64) to Dec. 2023 (29.24). It may suggest that Nireco accelerated paying its suppliers.

Nireco Days Payable Historical Data

The historical data trend for Nireco'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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Nireco Days Payable Chart

Nireco Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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28.13

23.12

23.53

33.76

34.80

Nireco 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															29.64	24.62	32.26	28.75	29.24

Competitive Comparison of Nireco's Days Payable

For the Scientific & Technical Instruments subindustry, Nireco'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.

Nireco's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nireco's Days Payable distribution charts can be found below:

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

Nireco 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.

Nireco'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
=	( (610.745	+	449.83)	/	2 )	/	5562.542	*	365
=	530.2875					/	5562.542	*	365
=	34.80

Nireco'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
=	( (484.685	+	422.31)	/	2 )	/	1415.385	*	365 / 4
=	453.4975					/	1415.385	*	365 / 4
=	29.24

Nireco Days Payable Related Terms

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Nireco (TSE:6863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nireco Corp (TSE:6863) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2951-4, Ishikawa-machi, Hachioji-shi, Tokyo, JPN

Website

http://www.nireco.co.jp

Nireco Corp develops, manufactures and sale of control, measurement and testing equipment for industrial use. Its products include Web Control Equipment, Pattern Inspection System, Inspection Equipment, Glue Application Equipment and Agricultural Produce Quality Inspection Equipment.

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