Meiwa (TSE:8103) Days Payable : 80.19 (As of Dec. 2023)

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What is Meiwa Days Payable?

Meiwa's average Accounts Payable for the three months ended in Dec. 2023 was 円35,264 Mil. Meiwa's Cost of Goods Sold for the three months ended in Dec. 2023 was 円40,127 Mil. Hence, Meiwa's Days Payable for the three months ended in Dec. 2023 was 80.19.

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

TSE:8103' s Days Payable Range Over the Past 10 Years
Min: 73.15 Med: 74.44 Max: 83.18
Current: 83.18

During the past 13 years, Meiwa's highest Days Payable was 83.18. The lowest was 73.15. And the median was 74.44.

TSE:8103's Days Payable is ranked better than
76.92% of 143 companies
in the Industrial Distribution industry
Industry Median: 52.76 vs TSE:8103: 83.18

Meiwa's Days Payable declined from Dec. 2022 (82.91) to Dec. 2023 (80.19). It may suggest that Meiwa accelerated paying its suppliers.

Meiwa Days Payable Historical Data

The historical data trend for Meiwa'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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Meiwa Days Payable Chart

Meiwa Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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74.12

75.45

77.72

74.16

73.79

Meiwa Quarterly Data
	Mar19	Jun19	Sep19	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															82.91	85.27	78.21	81.51	80.19

Competitive Comparison of Meiwa's Days Payable

For the Industrial Distribution subindustry, Meiwa'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.

Meiwa's Days Payable Distribution in the Industrial Distribution Industry

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

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

Meiwa 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.

Meiwa'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
=	( (28197	+	30417)	/	2 )	/	144960	*	365
=	29307					/	144960	*	365
=	73.79

Meiwa'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
=	( (33064	+	37464)	/	2 )	/	40127	*	365 / 4
=	35264					/	40127	*	365 / 4
=	80.19

Meiwa Days Payable Related Terms

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Meiwa (TSE:8103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Meiwa Corp (TSE:8103) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8311

Website

http://www.meiwa.co.jp

Meiwa Corp is a Japan-based company. It operates in nine business divisions. The Battery Materials Division develops consistent values from mineral resources and other starting materials. The Resources and Environment Business Division deals with rare earth, rare metals, metal products, inorganic materials, and environmental business. Resin business offers raw materials for automobiles, and electric machinery. The Medical-related Development Division supports procurement and consignment of drug substances and pharmaceutical intermediates. The Building Materials Division is mainly engaged in the field of insulation, interior, waterproofing, and wooden packaging. The company is also engaged in automobile, high function material, and petroleum business development project.

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