Nippon Express Holdings (TSE:9147) Days Payable : 33.49 (As of Jun. 2024)

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What is Nippon Express Holdings Days Payable?

Nippon Express Holdings's average Accounts Payable for the three months ended in Jun. 2024 was 円212,673 Mil. Nippon Express Holdings's Cost of Goods Sold for the three months ended in Jun. 2024 was 円579,447 Mil. Hence, Nippon Express Holdings's Days Payable for the three months ended in Jun. 2024 was 33.49.

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

TSE:9147' s Days Payable Range Over the Past 10 Years
Min: 34.59 Med: 41.43 Max: 42.77
Current: 34.59

During the past 2 years, Nippon Express Holdings's highest Days Payable was 42.77. The lowest was 34.59. And the median was 41.43.

TSE:9147's Days Payable is ranked worse than
54.18% of 934 companies
in the Transportation industry
Industry Median: 37.385 vs TSE:9147: 34.59

Nippon Express Holdings's Days Payable declined from Jun. 2023 (40.16) to Jun. 2024 (33.49). It may suggest that Nippon Express Holdings accelerated paying its suppliers.

Nippon Express Holdings Days Payable Historical Data

The historical data trend for Nippon Express Holdings'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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Nippon Express Holdings Days Payable Chart

Nippon Express Holdings Annual Data

Trend

Dec22

Dec23

Days Payable

40.09

42.77

Nippon Express Holdings Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial						39.26	38.09	34.16	33.49	33.44

Competitive Comparison of Nippon Express Holdings's Days Payable

For the Integrated Freight & Logistics subindustry, Nippon Express Holdings'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.

Nippon Express Holdings's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nippon Express Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Nippon Express Holdings's Days Payable falls into.

Nippon Express Holdings 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.

Nippon Express Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (257303	+	214044)	/	2 )	/	2011472	*	365
=	235673.5					/	2011472	*	365
=	42.77

Nippon Express Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (208503	+	216842)	/	2 )	/	579447	*	365 / 4
=	212672.5					/	579447	*	365 / 4
=	33.49

Nippon Express Holdings Days Payable Related Terms

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Nippon Express Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nippon Express Holdings Inc (TSE:9147) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NPEHF:USA

Address

2 Kanda Izumicho, Chiyoda-ku, Tokyo, JPN, 101-0024

Website

Nippon Express Holdings Inc is engaged in the management and related operations for corporate group companies such as truck transportation business.

Nippon Express Holdings Headlines

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