Nishio Holdings Co (TSE:9699) Days Payable : 86.55 (As of Mar. 2024)

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What is Nishio Holdings Co Days Payable?

Nishio Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was 円27,521 Mil. Nishio Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円29,015 Mil. Hence, Nishio Holdings Co's Days Payable for the three months ended in Mar. 2024 was 86.55.

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

TSE:9699' s Days Payable Range Over the Past 10 Years
Min: 89.48 Med: 132.05 Max: 141.07
Current: 89.48

During the past 13 years, Nishio Holdings Co's highest Days Payable was 141.07. The lowest was 89.48. And the median was 132.05.

TSE:9699's Days Payable is ranked better than
72.66% of 929 companies
in the Business Services industry
Industry Median: 46.74 vs TSE:9699: 89.48

Nishio Holdings Co's Days Payable declined from Mar. 2023 (88.29) to Mar. 2024 (86.55). It may suggest that Nishio Holdings Co accelerated paying its suppliers.

Nishio Holdings Co Days Payable Historical Data

The historical data trend for Nishio Holdings 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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Nishio Holdings Co Days Payable Chart

Nishio Holdings Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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132.91

130.85

116.15

113.62

109.93

Nishio Holdings 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															88.29	86.78	97.90	91.73	86.55

Competitive Comparison of Nishio Holdings Co's Days Payable

For the Rental & Leasing Services subindustry, Nishio Holdings 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.

Nishio Holdings Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Nishio Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nishio Holdings Co's Days Payable falls into.

Nishio Holdings 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.

Nishio Holdings Co's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (32090	+	35061)	/	2 )	/	111479	*	365
=	33575.5					/	111479	*	365
=	109.93

Nishio Holdings Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (28034	+	27008)	/	2 )	/	29015	*	365 / 4
=	27521					/	29015	*	365 / 4
=	86.55

Nishio Holdings Co Days Payable Related Terms

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Nishio Holdings Co (TSE:9699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nishio Holdings Co Ltd (TSE:9699) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1-11-17, Higashi Shinsaibashi, Chou-ku, Osaka, JPN, 542-0083

Website

https://www.nishio-grp.co.jp

Nishio Holdings Co Ltd is a provider of rental construction and industrial machinery. The company offers rental solutions for construction and industrial machinery, mounting and tunnelling machines for mining operations, and water purification and recycling equipment. The company, through its subsidiaries, also designs, manufactures, and repairs tunnelling machines and other special vehicles, such as special transfer locomotives and battery-driven vehicles at construction sites. The company operates in Asia.

Nishio Holdings Co (TSE:9699) Headlines

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