Nichirei (TSE:2871) Days Payable : 20.14 (As of Dec. 2023)

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What is Nichirei Days Payable?

Nichirei's average Accounts Payable for the three months ended in Dec. 2023 was 円32,845 Mil. Nichirei's Cost of Goods Sold for the three months ended in Dec. 2023 was 円148,832 Mil. Hence, Nichirei's Days Payable for the three months ended in Dec. 2023 was 20.14.

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

TSE:2871' s Days Payable Range Over the Past 10 Years
Min: 18.21 Med: 19.08 Max: 22.45
Current: 20.18

During the past 13 years, Nichirei's highest Days Payable was 22.45. The lowest was 18.21. And the median was 19.08.

TSE:2871's Days Payable is ranked worse than
86.17% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 46.25 vs TSE:2871: 20.18

Nichirei's Days Payable increased from Dec. 2022 (20.10) to Dec. 2023 (20.14). It may suggest that Nichirei delayed paying its suppliers.

Nichirei Days Payable Historical Data

The historical data trend for Nichirei'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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Nichirei Days Payable Chart

Nichirei Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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19.19

19.32

18.75

18.21

18.97

Nichirei 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															21.44	19.95	20.74	20.14	21.15

Competitive Comparison of Nichirei's Days Payable

For the Packaged Foods subindustry, Nichirei'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.

Nichirei's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nichirei's Days Payable distribution charts can be found below:

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

Nichirei 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.

Nichirei'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
=	( (28423	+	29769)	/	2 )	/	559946	*	365
=	29096					/	559946	*	365
=	18.97

Nichirei'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
=	( (32182	+	33507)	/	2 )	/	148832	*	365 / 4
=	32844.5					/	148832	*	365 / 4
=	20.14

Nichirei Days Payable Related Terms

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Nichirei (TSE:2871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nichirei Corp (TSE:2871) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NCHEY:USA NI3:Germany

Address

6-19-20 Tsukiji, Nichirei Higashi-Ginza Building, Chuo-ku, Tokyo, JPN, 104-8402

Website

http://www.nichirei.co.jp

Nichirei Corp is a Japanese packaged-food company. Its segments are: processed foods, marine products, meat and poultry products, logistics, real estate, and biosciences. The company divisions are: Nichirei Foods, Nichirei Fresh, Logistic Group, and Bioscience. The Nichirei Food segment offers frozen foods, acerola products, and retort-pouch foods, while Nichirei Fresh offers marine products such as shrimp, salmon, trout, crab, octopus, squid, and shellfish, along with meat and poultry products like chicken, pork, and beef. The Nichirei Logistics Group offers transportation, delivery, and regional storage network services. The Bioscience division develops products (for example, antibodies, solution concentrate) and services for medical, cosmetics, health, and biotech companies.

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