ShinMaywa Industries (TSE:7224) Days Payable : 55.16 (As of Dec. 2023)

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What is ShinMaywa Industries Days Payable?

ShinMaywa Industries's average Accounts Payable for the three months ended in Dec. 2023 was 円31,223 Mil. ShinMaywa Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was 円51,647 Mil. Hence, ShinMaywa Industries's Days Payable for the three months ended in Dec. 2023 was 55.16.

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

TSE:7224' s Days Payable Range Over the Past 10 Years
Min: 50.5 Med: 53.98 Max: 69.6
Current: 51.09

During the past 13 years, ShinMaywa Industries's highest Days Payable was 69.60. The lowest was 50.50. And the median was 53.98.

TSE:7224's Days Payable is ranked worse than
57.78% of 469 companies
in the Conglomerates industry
Industry Median: 59.22 vs TSE:7224: 51.09

ShinMaywa Industries's Days Payable increased from Dec. 2022 (52.45) to Dec. 2023 (55.16). It may suggest that ShinMaywa Industries delayed paying its suppliers.

ShinMaywa Industries Days Payable Historical Data

The historical data trend for ShinMaywa Industries'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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ShinMaywa Industries Days Payable Chart

ShinMaywa Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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54.10

53.86

50.50

51.31

51.89

ShinMaywa Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															46.73	55.28	49.28	55.16	45.83

Competitive Comparison of ShinMaywa Industries's Days Payable

For the Conglomerates subindustry, ShinMaywa Industries'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.

ShinMaywa Industries's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, ShinMaywa Industries's Days Payable distribution charts can be found below:

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

ShinMaywa Industries 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.

ShinMaywa Industries's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (27310	+	34166)	/	2 )	/	216233	*	365
=	30738					/	216233	*	365
=	51.89

ShinMaywa Industries'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
=	( (30699	+	31746)	/	2 )	/	51647	*	365 / 4
=	31222.5					/	51647	*	365 / 4
=	55.16

ShinMaywa Industries Days Payable Related Terms

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ShinMaywa Industries (TSE:7224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ShinMaywa Industries Ltd (TSE:7224) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1 Shinmeiwa-cho, Takarazuka, Hyogo, JPN, 665-8550

Website

http://www.shinmaywa.co.jp

ShinMaywa Industries Ltd manufactures a wide range of products, including parking systems, aircrafts, trucks, and other industrial systems. The company has four operating segments: aircraft, special-purpose truck, industrial machinery and environmental systems, and parking systems. The special-purpose truck segment generates roughly half of total sales and focuses on distributing dump trucks, lifters, compactors, and forestry machinery. The aircraft segment sells amphibian aircraft (capable of open-sea landing and takeoff) and aircraft parts to other manufacturers. Sales to customers located in Japan constitute about three fourths of total revenue.

ShinMaywa Industries (TSE:7224) Headlines

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