Showa Manufacturing Co (FSE:5953) Days Payable : 29.50 (As of Dec. 2023)

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What is Showa Manufacturing Co Days Payable?

Showa Manufacturing Co's average Accounts Payable for the three months ended in Dec. 2023 was 円820 Mil. Showa Manufacturing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,535 Mil. Hence, Showa Manufacturing Co's Days Payable for the three months ended in Dec. 2023 was 29.50.

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

FSE:5953' s Days Payable Range Over the Past 10 Years
Min: 31.5 Med: 103.61 Max: 119.52
Current: 31.5

During the past 10 years, Showa Manufacturing Co's highest Days Payable was 119.52. The lowest was 31.50. And the median was 103.61.

FSE:5953's Days Payable is ranked worse than
86.61% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs FSE:5953: 31.50

Showa Manufacturing Co's Days Payable declined from Dec. 2022 (35.73) to Dec. 2023 (29.50). It may suggest that Showa Manufacturing Co accelerated paying its suppliers.

Showa Manufacturing Co Days Payable Historical Data

The historical data trend for Showa Manufacturing 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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Showa Manufacturing Co Days Payable Chart

Showa Manufacturing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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104.26

109.07

99.17

67.39

33.78

Showa Manufacturing 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															35.73	33.01	36.08	27.09	29.50

Competitive Comparison of Showa Manufacturing Co's Days Payable

For the Electronic Components subindustry, Showa Manufacturing 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.

Showa Manufacturing Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Showa Manufacturing Co's Days Payable distribution charts can be found below:

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

Showa Manufacturing 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.

Showa Manufacturing Co's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (923	+	849)	/	2 )	/	9572	*	365
=	886					/	9572	*	365
=	33.78

Showa Manufacturing 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
=	( (824	+	815)	/	2 )	/	2535	*	365 / 4
=	819.5					/	2535	*	365 / 4
=	29.50

Showa Manufacturing Co Days Payable Related Terms

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Showa Manufacturing Co (FSE:5953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Showa Manufacturing Co Ltd (FSE:5953) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kasaya-gun, Fukuoka prefecture, Fukuoka, JPN, 811-2101

Website

http://www.showa.co.jp

Showa Manufacturing Co Ltd manufactures and sales heat source and hot water supply products. It also provides air conditioning, environmental products, casting products, and special heat source products. Casting products include boilers which are used in jet engine parts and nuclear reactor parts, general machinery, automobiles. Special heat source product includes high-clean heat treatment furnace and ultra-thin electric heater which performs drying, baking, and annealing of PDP, LCD, OLED.

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