Higashinihon Gas (FRA:HIS) Days Payable : 62.82 (As of Dec. 2013)

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What is Higashinihon Gas Days Payable?

Higashinihon Gas's average Accounts Payable for the three months ended in Dec. 2013 was €4.25 Mil. Higashinihon Gas's Cost of Goods Sold for the three months ended in Dec. 2013 was €6.17 Mil. Hence, Higashinihon Gas's Days Payable for the three months ended in Dec. 2013 was 62.82.

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

FRA:HIS's Days Payable is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 66.43
* Ranked among companies with meaningful Days Payable only.

Higashinihon Gas's Days Payable declined from Dec. 2012 (68.64) to Dec. 2013 (62.82). It may suggest that Higashinihon Gas accelerated paying its suppliers.

Higashinihon Gas Days Payable Historical Data

The historical data trend for Higashinihon Gas'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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Higashinihon Gas Days Payable Chart

Higashinihon Gas Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Days Payable

83.42

71.45

69.92

78.08

Higashinihon Gas Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Days Payable	Get a 7-Day Free Trial							68.64	51.18	60.72	68.11	62.82

Competitive Comparison of Higashinihon Gas's Days Payable

For the Utilities - Regulated Gas subindustry, Higashinihon Gas'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.

Higashinihon Gas's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Higashinihon Gas's Days Payable distribution charts can be found below:

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

Higashinihon Gas 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.

Higashinihon Gas's Days Payable for the fiscal year that ended in Mar. 2013 is calculated as

	Days Payable (A: Mar. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2012 )	+	Accounts Payable (A: Mar. 2013 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2013 )	*	Days in Period
=	( (6.474	+	5.384)	/	2 )	/	27.715	*	365
=	5.929					/	27.715	*	365
=	78.08

Higashinihon Gas's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

	Days Payable (Q: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2013 )	+	Accounts Payable (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (3.903	+	4.593)	/	2 )	/	6.17	*	365 / 4
=	4.248					/	6.17	*	365 / 4
=	62.82

Higashinihon Gas Days Payable Related Terms

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Higashinihon Gas (FRA:HIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Higashinihon Gas Corporation (FRA:HIS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.hngas.co.jp

Higashinihon Gas Corporation is engaged in the production and supply of natural gas as well as construction of gas pipelines for key areas in East Japan. It also sells gas appliances and related equipment.

Higashinihon Gas (FRA:HIS) Headlines

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