Hiroshima Gas Co (TSE:9535) Days Payable : 35.72 (As of Dec. 2023)

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What is Hiroshima Gas Co Days Payable?

Hiroshima Gas Co's average Accounts Payable for the three months ended in Dec. 2023 was 円6,038 Mil. Hiroshima Gas Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円15,423 Mil. Hence, Hiroshima Gas Co's Days Payable for the three months ended in Dec. 2023 was 35.72.

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

TSE:9535' s Days Payable Range Over the Past 10 Years
Min: 28.53 Med: 44.19 Max: 52.71
Current: 31.3

During the past 13 years, Hiroshima Gas Co's highest Days Payable was 52.71. The lowest was 28.53. And the median was 44.19.

TSE:9535's Days Payable is ranked worse than
75.11% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs TSE:9535: 31.30

Hiroshima Gas Co's Days Payable increased from Dec. 2022 (32.75) to Dec. 2023 (35.72). It may suggest that Hiroshima Gas Co delayed paying its suppliers.

Hiroshima Gas Co Days Payable Historical Data

The historical data trend for Hiroshima Gas 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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Hiroshima Gas Co Days Payable Chart

Hiroshima Gas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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50.70

44.79

44.08

38.73

28.53

Hiroshima Gas Co 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															32.75	28.35	23.61	28.21	35.72

Competitive Comparison of Hiroshima Gas Co's Days Payable

For the Oil & Gas Integrated subindustry, Hiroshima Gas 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.

Hiroshima Gas Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hiroshima Gas Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hiroshima Gas Co's Days Payable falls into.

Hiroshima Gas 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.

Hiroshima Gas Co'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
=	( (4955	+	4847)	/	2 )	/	62698	*	365
=	4901					/	62698	*	365
=	28.53

Hiroshima Gas 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
=	( (5093	+	6982)	/	2 )	/	15423	*	365 / 4
=	6037.5					/	15423	*	365 / 4
=	35.72

Hiroshima Gas Co Days Payable Related Terms

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Hiroshima Gas Co (TSE:9535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hiroshima Gas Co Ltd (TSE:9535) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-7-1 Minami-machi, Minami-ku, Hiroshima, JPN, 734-8555

Website

http://www.hiroshima-gas.co.jp

Hiroshima Gas Co Ltd engages in the gas business which includes the sale of gas appliances, liquefied natural gas (LNG), and liquefied petroleum gas (LPG). It engages in the production, supply, and sale of gas; wholesale supply of gas to other gas companies; sale of gas devices; and installation of gas equipment associated with gas devices, as well as safety inspections and gas meter data collection activities. The company is also involved in the sale of LPG and LPG devices; refilling of LPG tanks; installation of LPG pipes; and construction of gas pipes and lines. In addition, it engages in the engineering; machinery installation; fees collection and call center operation; and information distribution activities, as well as provision of services for seniors.

Hiroshima Gas Co (TSE:9535) Headlines

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