Naito (TSE:7624) Days Payable : 34.17 (As of Feb. 2024)

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What is Naito Days Payable?

Naito's average Accounts Payable for the three months ended in Feb. 2024 was 円3,502 Mil. Naito's Cost of Goods Sold for the three months ended in Feb. 2024 was 円9,351 Mil. Hence, Naito's Days Payable for the three months ended in Feb. 2024 was 34.17.

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

TSE:7624' s Days Payable Range Over the Past 10 Years
Min: 30.6 Med: 33.84 Max: 37.65
Current: 32.58

During the past 13 years, Naito's highest Days Payable was 37.65. The lowest was 30.60. And the median was 33.84.

TSE:7624's Days Payable is ranked worse than
81.82% of 143 companies
in the Industrial Distribution industry
Industry Median: 52.76 vs TSE:7624: 32.58

Naito's Days Payable increased from Feb. 2023 (32.70) to Feb. 2024 (34.17). It may suggest that Naito delayed paying its suppliers.

Naito Days Payable Historical Data

The historical data trend for Naito'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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Naito Days Payable Chart

Naito Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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32.72

37.65

32.76

30.76

30.60

Naito Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															32.70	29.98	33.72	34.49	34.17

Competitive Comparison of Naito's Days Payable

For the Industrial Distribution subindustry, Naito'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.

Naito's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Naito's Days Payable distribution charts can be found below:

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

Naito 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.

Naito's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (3045	+	3435)	/	2 )	/	38653	*	365
=	3240					/	38653	*	365
=	30.60

Naito's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (3569	+	3435)	/	2 )	/	9351	*	365 / 4
=	3502					/	9351	*	365 / 4
=	34.17

Naito Days Payable Related Terms

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Naito (TSE:7624) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Naito & Co Ltd (TSE:7624) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1, Showa-machi Kita-ku, Tokyo, JPN

Website

http://www.naito.net

Naito & Co., Ltd. engages in the trading of machine tools. The company sales cutting tools, measurement, industrial equipment and machine tools. Its product offerings include drilling tool, threading tool, milling tool, measuring equipment, compressor, safety equipment, chemical supplies, lifting equipment, environment improvement items, transport equipment, work assistance equipment, among others.

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