RION Co (TSE:6823) Days Payable : 69.09 (As of Dec. 2023)

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What is RION Co Days Payable?

RION Co's average Accounts Payable for the three months ended in Dec. 2023 was 円2,410 Mil. RION Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,183 Mil. Hence, RION Co's Days Payable for the three months ended in Dec. 2023 was 69.09.

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

TSE:6823' s Days Payable Range Over the Past 10 Years
Min: 54.07 Med: 62.29 Max: 71.88
Current: 70.72

During the past 13 years, RION Co's highest Days Payable was 71.88. The lowest was 54.07. And the median was 62.29.

TSE:6823's Days Payable is ranked worse than
52.34% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 73.02 vs TSE:6823: 70.72

RION Co's Days Payable increased from Dec. 2022 (67.39) to Dec. 2023 (69.09). It may suggest that RION Co delayed paying its suppliers.

RION Co Days Payable Historical Data

The historical data trend for RION 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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RION Co Days Payable Chart

RION Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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60.72

63.40

61.18

66.64

71.88

RION 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															62.31	81.67	73.63	69.09	60.70

Competitive Comparison of RION Co's Days Payable

For the Medical Devices subindustry, RION 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.

RION Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, RION Co's Days Payable distribution charts can be found below:

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

RION 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.

RION 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
=	( (2475.652	+	2518.711)	/	2 )	/	12680.762	*	365
=	2497.1815					/	12680.762	*	365
=	71.88

RION 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
=	( (2360.659	+	2459.347)	/	2 )	/	3182.936	*	365 / 4
=	2410.003					/	3182.936	*	365 / 4
=	69.09

RION Co Days Payable Related Terms

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RION Co (TSE:6823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » RION Co Ltd (TSE:6823) » Definitions » Days Payable

Comparable Companies

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RIOXF:USA

Address

3-20-41 Higashimotomachi, Kokubunji, Tokyo, JPN, 185-8533

Website

http://www.rion.co.jp

RION Co Ltd is engaged in manufacturing and selling of maintenance services of a medical device. The company offers hearing instruments and medical equipment, an environmental device including sound and vibration measuring instruments and particle counters and parts and equipment.

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