Nakamichi leasing Co (SSE:8594) Days Payable : 37.98 (As of Dec. 2023)

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What is Nakamichi leasing Co Days Payable?

Nakamichi leasing Co's average Accounts Payable for the three months ended in Dec. 2023 was 円4,353 Mil. Nakamichi leasing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円10,460 Mil. Hence, Nakamichi leasing Co's Days Payable for the three months ended in Dec. 2023 was 37.98.

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

SSE:8594' s Days Payable Range Over the Past 10 Years
Min: 30.06 Med: 39.05 Max: 48.36
Current: 42.8

During the past 12 years, Nakamichi leasing Co's highest Days Payable was 48.36. The lowest was 30.06. And the median was 39.05.

SSE:8594's Days Payable is ranked worse than
55.16% of 281 companies
in the Credit Services industry
Industry Median: 48.71 vs SSE:8594: 42.80

Nakamichi leasing Co's Days Payable declined from Dec. 2022 (41.59) to Dec. 2023 (37.98). It may suggest that Nakamichi leasing Co accelerated paying its suppliers.

Nakamichi leasing Co Days Payable Historical Data

The historical data trend for Nakamichi leasing 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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Nakamichi leasing Co Days Payable Chart

Nakamichi leasing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.60

43.35

45.45

38.83

39.27

Nakamichi leasing 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															41.59	46.33	45.94	44.83	37.98

Competitive Comparison of Nakamichi leasing Co's Days Payable

For the Credit Services subindustry, Nakamichi leasing 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.

Nakamichi leasing Co's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Nakamichi leasing Co's Days Payable distribution charts can be found below:

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

Nakamichi leasing 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.

Nakamichi leasing Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4510.522	+	4043.091)	/	2 )	/	39749.05	*	365
=	4276.8065					/	39749.05	*	365
=	39.27

Nakamichi leasing 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
=	( (4663.448	+	4043.091)	/	2 )	/	10459.726	*	365 / 4
=	4353.2695					/	10459.726	*	365 / 4
=	37.98

Nakamichi leasing Co Days Payable Related Terms

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Nakamichi leasing Co (SSE:8594) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Nakamichi leasing Co Ltd (SSE:8594) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3-3 Higashi Kita-Ichijo, Chuo-ku, Sapporo, JPN, 060-8539

Website

http://www.nakamichi-leasing.co.jp

Nakamichi leasing Co Ltd is a Japanese firm which provides general leasing services. It offers finance lease, deferred payment sale (installment) transaction, car and automobile leasing, and financing activities. It has a space system which provides rental service and it also provides comprehensive energy conservation service.

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