Mitsui High-tec (TSE:6966) Days Payable : 45.55 (As of Jan. 2024)

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What is Mitsui High-tec Days Payable?

Mitsui High-tec's average Accounts Payable for the three months ended in Jan. 2024 was 円21,451 Mil. Mitsui High-tec's Cost of Goods Sold for the three months ended in Jan. 2024 was 円42,971 Mil. Hence, Mitsui High-tec's Days Payable for the three months ended in Jan. 2024 was 45.55.

The historical rank and industry rank for Mitsui High-tec's Days Payable or its related term are showing as below:

TSE:6966' s Days Payable Range Over the Past 10 Years
Min: 23.46 Med: 25.03 Max: 43.2
Current: 43.2

During the past 13 years, Mitsui High-tec's highest Days Payable was 43.20. The lowest was 23.46. And the median was 25.03.

TSE:6966's Days Payable is ranked worse than
59.36% of 962 companies
in the Semiconductors industry
Industry Median: 51.83 vs TSE:6966: 43.20

Mitsui High-tec's Days Payable declined from Jan. 2023 (46.34) to Jan. 2024 (45.55). It may suggest that Mitsui High-tec accelerated paying its suppliers.

Mitsui High-tec Days Payable Historical Data

The historical data trend for Mitsui High-tec'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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Mitsui High-tec Days Payable Chart

Mitsui High-tec Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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25.51

29.32

34.17

39.14

41.68

Mitsui High-tec Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															46.34	39.14	42.46	46.63	45.55

Competitive Comparison of Mitsui High-tec's Days Payable

For the Semiconductors subindustry, Mitsui High-tec'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.

Mitsui High-tec's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Mitsui High-tec's Days Payable distribution charts can be found below:

* The bar in red indicates where Mitsui High-tec's Days Payable falls into.

Mitsui High-tec 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.

Mitsui High-tec's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (16272	+	21000)	/	2 )	/	163199	*	365
=	18636					/	163199	*	365
=	41.68

Mitsui High-tec's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (21902	+	21000)	/	2 )	/	42971	*	365 / 4
=	21451					/	42971	*	365 / 4
=	45.55

Mitsui High-tec Days Payable Related Terms

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Mitsui High-tec (TSE:6966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Mitsui High-tec Inc (TSE:6966) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6966:Japan

Address

2-10-1,Komine, Yahatanishi-ku, Kitakyushu, JPN, 807-8588

Website

http://www.mitsui-high-tec.com

Mitsui High-tec Inc manufactures and sells lead frame, motor core, precision tooling and machine tools in Japan. Its precision tooling/precision parts products include motor core dies, lead frame dies, mold dies, trim and form dies, and other type of stamping tools used in motor cores and IC lead frames, electric motor cores, automobile components, coins, and resin injection molding. It also provides open lead frames for semiconductor packages; and motor parts.

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