Niterra Co (TSE:5334) Days Payable : 49.27 (As of Mar. 2024)

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What is Niterra Co Days Payable?

Niterra Co's average Accounts Payable for the three months ended in Mar. 2024 was 円56,028 Mil. Niterra Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円103,757 Mil. Hence, Niterra Co's Days Payable for the three months ended in Mar. 2024 was 49.27.

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

TSE:5334' s Days Payable Range Over the Past 10 Years
Min: 39.41 Med: 53.19 Max: 58.89
Current: 52.21

During the past 13 years, Niterra Co's highest Days Payable was 58.89. The lowest was 39.41. And the median was 53.19.

TSE:5334's Days Payable is ranked worse than
61.93% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs TSE:5334: 52.21

Niterra Co's Days Payable increased from Mar. 2023 (48.75) to Mar. 2024 (49.27). It may suggest that Niterra Co delayed paying its suppliers.

Niterra Co Days Payable Historical Data

The historical data trend for Niterra 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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Niterra Co Days Payable Chart

Niterra Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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57.90

58.89

57.56

55.11

54.22

Niterra 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															48.75	54.01	51.40	52.45	49.27

Competitive Comparison of Niterra Co's Days Payable

For the Auto Parts subindustry, Niterra 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.

Niterra Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Niterra Co's Days Payable distribution charts can be found below:

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

Niterra 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.

Niterra 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
=	( (56569	+	58791)	/	2 )	/	388293	*	365
=	57680					/	388293	*	365
=	54.22

Niterra Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (53265	+	58791)	/	2 )	/	103757	*	365 / 4
=	56028					/	103757	*	365 / 4
=	49.27

Niterra Co Days Payable Related Terms

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Niterra Co (TSE:5334) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Niterra Co Ltd (TSE:5334) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NGK:Germany

Address

14-18, Takatsuji-cho, Mizuho-ku, Nagoya, JPN, 467-8525

Website

http://www.ngkntk.co.jp

Niterra Co Ltd is a producer of spark plugs for internal combustion engines in the automotive industry and various ceramic products and tools. Under its two brands NGK Spark Plugs and NTK Technical Ceramics, the company produces spark plugs, glow plugs, sensors, semiconductor packages, cutting tools, medical products, and fine ceramics. NGK's largest end markets are Asia including Japan, North America, and Europe. The company produces in Japan and Brazil, while subsidiaries across the globe assemble and sell parts in their respective regions. The automotive components division generates the lion's share of sales for NGK Spark Plug.

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