Mitani (TSE:8066) Days Payable : 68.83 (As of Sep. 2024)

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What is Mitani Days Payable?

Mitani's average Accounts Payable for the three months ended in Sep. 2024 was 円50,087 Mil. Mitani's Cost of Goods Sold for the three months ended in Sep. 2024 was 円66,403 Mil. Hence, Mitani's Days Payable for the three months ended in Sep. 2024 was 68.83.

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

TSE:8066' s Days Payable Range Over the Past 10 Years
Min: 53.67 Med: 62.86 Max: 79.29
Current: 78.11

During the past 13 years, Mitani's highest Days Payable was 79.29. The lowest was 53.67. And the median was 62.86.

TSE:8066's Days Payable is ranked better than
66.67% of 525 companies
in the Conglomerates industry
Industry Median: 58 vs TSE:8066: 78.11

Mitani's Days Payable declined from Sep. 2023 (71.38) to Sep. 2024 (68.83). It may suggest that Mitani accelerated paying its suppliers.

Mitani Days Payable Historical Data

The historical data trend for Mitani'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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Mitani Days Payable Chart

Mitani Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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60.67

54.16

79.29

73.75

75.13

Mitani Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															78.18	80.86	85.12	68.83	69.07

Competitive Comparison of Mitani's Days Payable

For the Conglomerates subindustry, Mitani'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.

Mitani's Days Payable Distribution in the Conglomerates Industry

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

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

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Mitani 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.

Mitani'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
=	( (52097	+	59232)	/	2 )	/	270415	*	365
=	55664.5					/	270415	*	365
=	75.13

Mitani'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	+	50087)	/	1 )	/	66403	*	365 / 4
=	50087					/	66403	*	365 / 4
=	68.83

Mitani Days Payable Related Terms

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Mitani Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitani Corp (TSE:8066) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-5 Marunouchi, Tokyo Marunouchi North Exit Building, 2 Floor, Chiyoda-ku, Tokyo, JPN

Website

http://www.mitani-corp.co.jp

Mitani Corp is in the businesses of Information systems, Construction, Energy and other businesses. The firm's information systems business comprises of system integration focusing on planning, developing, managing and supporting computer systems, networks, and software as well as the sale of related devices. Construction business develops, sells and manages construction materials. Its energy business sells oil, petrochemical products, coal and liquid petroleum gas. Other businesses of the firm include wind power, industrial equipment, storage facilities, lease services, restaurant management and senior lifestyle businesses.

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