Aida Engineering (TSE:6118) Days Payable : 47.63 (As of Dec. 2023)

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What is Aida Engineering Days Payable?

Aida Engineering's average Accounts Payable for the three months ended in Dec. 2023 was 円7,397 Mil. Aida Engineering's Cost of Goods Sold for the three months ended in Dec. 2023 was 円14,172 Mil. Hence, Aida Engineering's Days Payable for the three months ended in Dec. 2023 was 47.63.

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

TSE:6118' s Days Payable Range Over the Past 10 Years
Min: 37.59 Med: 42.5 Max: 54.19
Current: 45.07

During the past 13 years, Aida Engineering's highest Days Payable was 54.19. The lowest was 37.59. And the median was 42.50.

TSE:6118's Days Payable is ranked worse than
74.83% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs TSE:6118: 45.07

Aida Engineering's Days Payable increased from Dec. 2022 (41.68) to Dec. 2023 (47.63). It may suggest that Aida Engineering delayed paying its suppliers.

Aida Engineering Days Payable Historical Data

The historical data trend for Aida Engineering'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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Aida Engineering Days Payable Chart

Aida Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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39.02

38.84

39.42

41.75

45.89

Aida Engineering 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															35.84	45.73	44.05	47.63	42.53

Competitive Comparison of Aida Engineering's Days Payable

For the Specialty Industrial Machinery subindustry, Aida Engineering'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.

Aida Engineering's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aida Engineering's Days Payable distribution charts can be found below:

* The bar in red indicates where Aida Engineering's Days Payable falls into.

Aida Engineering 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.

Aida Engineering'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
=	( (6942	+	7915)	/	2 )	/	59086	*	365
=	7428.5					/	59086	*	365
=	45.89

Aida Engineering'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
=	( (7175	+	7619)	/	2 )	/	14172	*	365 / 4
=	7397					/	14172	*	365 / 4
=	47.63

Aida Engineering Days Payable Related Terms

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Aida Engineering (TSE:6118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aida Engineering Ltd (TSE:6118) » Definitions » Days Payable

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ADERY:USA

Address

2-10 Ohyama-cho, Sagamihara, JPN, 2291181

Website

http://www.aida.co.jp

Aida Engineering Ltd is a Japan-based company that manufactures, sells, and services press machines and their ancillary facilities. The company's principal products comprise general-purpose servo presses, midsize and large servo presses, precision forming presses, general-purpose presses, midsize and large presses, high-speed automatic presses, cold forging presses, transfer feeders, coil feeders, and tooling dies. The company's services include overhaul, preventative maintenance, press inspections, machine relocation, and others. The company generates sales in Japan, Asia, the Americas, and Europe.

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