Hokkaido Shikangyo Co (TSE:7693) Days Payable : 33.59 (As of Sep. 2023)

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What is Hokkaido Shikangyo Co Days Payable?

Hokkaido Shikangyo Co's average Accounts Payable for the six months ended in Sep. 2023 was 円357 Mil. Hokkaido Shikangyo Co's Cost of Goods Sold for the six months ended in Sep. 2023 was 円1,938 Mil. Hence, Hokkaido Shikangyo Co's Days Payable for the six months ended in Sep. 2023 was 33.59.

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

TSE:7693' s Days Payable Range Over the Past 10 Years
Min: 34.95 Med: 36.57 Max: 42.24
Current: 36.23

During the past 5 years, Hokkaido Shikangyo Co's highest Days Payable was 42.24. The lowest was 34.95. And the median was 36.57.

TSE:7693's Days Payable is not ranked
in the Medical Distribution industry.
Industry Median: 73.32 vs TSE:7693: 36.23

Hokkaido Shikangyo Co's Days Payable declined from Sep. 2022 (39.99) to Sep. 2023 (33.59). It may suggest that Hokkaido Shikangyo Co accelerated paying its suppliers.

Hokkaido Shikangyo Co Days Payable Historical Data

The historical data trend for Hokkaido Shikangyo 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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Hokkaido Shikangyo Co Days Payable Chart

Hokkaido Shikangyo Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

42.24

36.98

34.95

36.57

35.72

Hokkaido Shikangyo Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial				35.98	36.36	39.99	37.41	33.59

Competitive Comparison of Hokkaido Shikangyo Co's Days Payable

For the Medical Distribution subindustry, Hokkaido Shikangyo 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.

Hokkaido Shikangyo Co's Days Payable Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Hokkaido Shikangyo Co's Days Payable distribution charts can be found below:

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

Hokkaido Shikangyo 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.

Hokkaido Shikangyo 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
=	( (407.302	+	355.004)	/	2 )	/	3894.988	*	365
=	381.153					/	3894.988	*	365
=	35.72

Hokkaido Shikangyo Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (355.004	+	358.336)	/	2 )	/	1937.987	*	365 / 2
=	356.67					/	1937.987	*	365 / 2
=	33.59

Hokkaido Shikangyo Co Days Payable Related Terms

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Hokkaido Shikangyo Co (TSE:7693) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Hokkaido Shika Sangyo Co Ltd (TSE:7693) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kikusuikami-cho, 2 of Article 4-chome 36-7, Yubinbango, Sapporo Shiroishi-ku, Hokkaido, JPN, 003-0812

Website

https://www.hokusan-kk.co.jp

Hokkaido Shika Sangyo Co Ltd is engaged in sales of dental instruments and dental materials. The company's activities include sale of medical equipment and pharmaceuticals, veterinary medical equipment and veterinary drugs, poisonous substances and deleterious substances, medical oxygen and nitrous oxide, rental of medical equipment highly managed medical equipment, sale and rental of used medical equipment, inspection, maintenance and repair of medical equipment.

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