Nissin Shoji Co (TSE:7490) Days Payable : 19.89 (As of Dec. 2023)

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What is Nissin Shoji Co Days Payable?

Nissin Shoji Co's average Accounts Payable for the three months ended in Dec. 2023 was 円1,802 Mil. Nissin Shoji Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,267 Mil. Hence, Nissin Shoji Co's Days Payable for the three months ended in Dec. 2023 was 19.89.

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

TSE:7490' s Days Payable Range Over the Past 10 Years
Min: 12.07 Med: 15.19 Max: 23.37
Current: 20.44

During the past 13 years, Nissin Shoji Co's highest Days Payable was 23.37. The lowest was 12.07. And the median was 15.19.

TSE:7490's Days Payable is ranked worse than
91.04% of 469 companies
in the Conglomerates industry
Industry Median: 58.24 vs TSE:7490: 20.44

Nissin Shoji Co's Days Payable increased from Dec. 2022 (19.21) to Dec. 2023 (19.89). It may suggest that Nissin Shoji Co delayed paying its suppliers.

Nissin Shoji Co Days Payable Historical Data

The historical data trend for Nissin Shoji 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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Nissin Shoji Co Days Payable Chart

Nissin Shoji Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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12.43

12.07

14.63

23.37

19.94

Nissin Shoji 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															19.21	21.68	21.82	17.19	19.89

Competitive Comparison of Nissin Shoji Co's Days Payable

For the Conglomerates subindustry, Nissin Shoji 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.

Nissin Shoji Co's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nissin Shoji Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nissin Shoji Co's Days Payable falls into.

Nissin Shoji 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.

Nissin Shoji 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
=	( (1710.554	+	1719.347)	/	2 )	/	31395.04	*	365
=	1714.9505					/	31395.04	*	365
=	19.94

Nissin Shoji 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
=	( (1668.009	+	1935.403)	/	2 )	/	8266.915	*	365 / 4
=	1801.706					/	8266.915	*	365 / 4
=	19.89

Nissin Shoji Co Days Payable Related Terms

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Nissin Shoji Co (TSE:7490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nissin Shoji Co Ltd (TSE:7490) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-3 Shibaura, Minato-ku, 4th Foor, Daiwa Shibaura Building, Tokyo, JPN, 105-0023

Website

https://www.nissin-shoji.co.jp

Nissin Shoji Co Ltd is engaged in the sale of general petroleum products, petrochemical products, synthetic resin products, liquefied petroleum gas, and by-products. The company is also involved in real estate rental business, eating and drinking business, leasing of automobiles and automobile supplies, manufacture and sale of beverages, manufacture, and sale of agricultural materials, agency business related to telecommunications equipment sales and telecommunications service, and other business-related to power generation and power distribution.

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