Micreed Co (TSE:7687) Days Payable : 49.89 (As of Dec. 2023)

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What is Micreed Co Days Payable?

Micreed Co's average Accounts Payable for the three months ended in Dec. 2023 was 円567 Mil. Micreed Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,037 Mil. Hence, Micreed Co's Days Payable for the three months ended in Dec. 2023 was 49.89.

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

TSE:7687' s Days Payable Range Over the Past 10 Years
Min: 44.86 Med: 50.97 Max: 54.49
Current: 51.5

During the past 6 years, Micreed Co's highest Days Payable was 54.49. The lowest was 44.86. And the median was 50.97.

TSE:7687's Days Payable is ranked better than
57.81% of 301 companies
in the Retail - Defensive industry
Industry Median: 44.54 vs TSE:7687: 51.50

Micreed Co's Days Payable declined from Dec. 2022 (50.34) to Dec. 2023 (49.89). It may suggest that Micreed Co accelerated paying its suppliers.

Micreed Co Days Payable Historical Data

The historical data trend for Micreed 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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Micreed Co Days Payable Chart

Micreed Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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51.06

44.86

54.49

52.52

48.51

Micreed Co Quarterly Data
	Mar18	Mar19	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														50.34	58.79	47.06	43.90	49.89

Competitive Comparison of Micreed Co's Days Payable

For the Food Distribution subindustry, Micreed 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.

Micreed Co's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Micreed Co's Days Payable distribution charts can be found below:

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

Micreed 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.

Micreed 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
=	( (329	+	490)	/	2 )	/	3081	*	365
=	409.5					/	3081	*	365
=	48.51

Micreed 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
=	( (480	+	654)	/	2 )	/	1037	*	365 / 4
=	567					/	1037	*	365 / 4
=	49.89

Micreed Co Days Payable Related Terms

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Micreed Co (TSE:7687) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Micreed Co Ltd (TSE:7687) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-16-13 Nihonbashi, Chuo-ku, Landic Nihonbashi Building 9th Floor, Tokyo- Shipping Center, Chiba Prefecture, Order Center Saga City, Saga Prefecture, Narashino, JPN, 103-0027

Website

https://corp.micreed.co.jp

Micreed Co Ltd is engaged in planning and sales of commercial ingredients for restaurants. The company sells products such as meat, fish, vegetables, skewers, fried foods and desserts, frozen foods. It serves small and medium-sized restaurants, mainly privately owned izakayas.

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