The Okinawa Electric Power Co (TSE:9511) Days Payable : 22.87 (As of Dec. 2023)

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What is The Okinawa Electric Power Co Days Payable?

The Okinawa Electric Power Co's average Accounts Payable for the three months ended in Dec. 2023 was 円13,768 Mil. The Okinawa Electric Power Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円54,931 Mil. Hence, The Okinawa Electric Power Co's Days Payable for the three months ended in Dec. 2023 was 22.87.

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

TSE:9511' s Days Payable Range Over the Past 10 Years
Min: 20.13 Med: 21.84 Max: 29.29
Current: 23.24

During the past 13 years, The Okinawa Electric Power Co's highest Days Payable was 29.29. The lowest was 20.13. And the median was 21.84.

TSE:9511's Days Payable is ranked worse than
85.09% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 76.03 vs TSE:9511: 23.24

The Okinawa Electric Power Co's Days Payable declined from Dec. 2022 (27.75) to Dec. 2023 (22.87). It may suggest that The Okinawa Electric Power Co accelerated paying its suppliers.

The Okinawa Electric Power Co Days Payable Historical Data

The historical data trend for The Okinawa Electric Power 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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The Okinawa Electric Power Co Days Payable Chart

The Okinawa Electric Power Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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20.13

24.33

29.29

21.36

24.77

The Okinawa Electric Power Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															26.11	24.52	20.62	22.87	23.82

Competitive Comparison of The Okinawa Electric Power Co's Days Payable

For the Utilities - Renewable subindustry, The Okinawa Electric Power 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.

The Okinawa Electric Power Co's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, The Okinawa Electric Power Co's Days Payable distribution charts can be found below:

* The bar in red indicates where The Okinawa Electric Power Co's Days Payable falls into.

The Okinawa Electric Power 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.

The Okinawa Electric Power Co'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
=	( (16801	+	14816)	/	2 )	/	232912	*	365
=	15808.5					/	232912	*	365
=	24.77

The Okinawa Electric Power Co'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
=	( (15105	+	12431)	/	2 )	/	54931	*	365 / 4
=	13768					/	54931	*	365 / 4
=	22.87

The Okinawa Electric Power Co Days Payable Related Terms

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The Okinawa Electric Power Co (TSE:9511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » The Okinawa Electric Power Co Inc (TSE:9511) » Definitions » Days Payable

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Address

5-2-1 Makiminato, Urasoe, JPN, 901-2602

Website

https://www.okiden.co.jp

The Okinawa Electric Power Co Inc, or OEPC, is the exclusive supplier of electric power throughout the Okinawa Prefecture at the southwestern tip of Japan. OEPC is involved in the generation, transmission, and distribution of electricity in the region. The company operates a portfolio of coal, natural gas, oil, solar, and wind power plants. OEPC's power-generating facilities that utilize fossil fuel inputs are responsible for almost all of the company's power production. Nearly all of OEPC's revenue is derived from the sale of electric energy in Okinawa. While the company's customers are mainly residential consumers, industrial users account for most of OEPC's electric energy sales in terms of volume and revenue.

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