Shofu (TSE:7979) Days Payable : 24.93 (As of Sep. 2024)

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What is Shofu Days Payable?

Shofu's average Accounts Payable for the three months ended in Sep. 2024 was 円1,032 Mil. Shofu's Cost of Goods Sold for the three months ended in Sep. 2024 was 円3,777 Mil. Hence, Shofu's Days Payable for the three months ended in Sep. 2024 was 24.93.

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

TSE:7979' s Days Payable Range Over the Past 10 Years
Min: 23.96 Med: 24.64 Max: 30.95
Current: 26.89

During the past 13 years, Shofu's highest Days Payable was 30.95. The lowest was 23.96. And the median was 24.64.

TSE:7979's Days Payable is ranked worse than
87.01% of 793 companies
in the Medical Devices & Instruments industry
Industry Median: 69.21 vs TSE:7979: 26.89

Shofu's Days Payable declined from Sep. 2023 (28.08) to Sep. 2024 (24.93). It may suggest that Shofu accelerated paying its suppliers.

Shofu Days Payable Historical Data

The historical data trend for Shofu'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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Shofu Days Payable Chart

Shofu Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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23.96

28.47

27.84

27.26

30.95

Shofu Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															28.08	25.40	29.17	33.38	24.93

Competitive Comparison of Shofu's Days Payable

For the Medical Instruments & Supplies subindustry, Shofu'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.

Shofu's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shofu's Days Payable distribution charts can be found below:

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

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Shofu 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.

Shofu'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
=	( (1011	+	1378)	/	2 )	/	14085	*	365
=	1194.5					/	14085	*	365
=	30.95

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

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	1032)	/	1 )	/	3777	*	365 / 4
=	1032					/	3777	*	365 / 4
=	24.93

Shofu Days Payable Related Terms

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Shofu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shofu Inc (TSE:7979) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

69W:Germany

Address

10 Science Park Road, 12 The Alpha, Science Park II, Singapore, JPN

Website

http://www.shofu.co.jp

Shofu Inc is engaged in renowned dental materials and equipment manufacturing business.

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