NTN (TSE:6472) Days Payable : 34.84 (As of Mar. 2024)

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What is NTN Days Payable?

NTN's average Accounts Payable for the three months ended in Mar. 2024 was 円66,233 Mil. NTN's Cost of Goods Sold for the three months ended in Mar. 2024 was 円173,460 Mil. Hence, NTN's Days Payable for the three months ended in Mar. 2024 was 34.84.

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

TSE:6472' s Days Payable Range Over the Past 10 Years
Min: 35.06 Med: 38.3 Max: 53.61
Current: 35.71

During the past 13 years, NTN's highest Days Payable was 53.61. The lowest was 35.06. And the median was 38.30.

TSE:6472's Days Payable is ranked worse than
84.19% of 2934 companies
in the Industrial Products industry
Industry Median: 76.415 vs TSE:6472: 35.71

NTN's Days Payable declined from Mar. 2023 (35.12) to Mar. 2024 (34.84). It may suggest that NTN accelerated paying its suppliers.

NTN Days Payable Historical Data

The historical data trend for NTN'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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NTN Days Payable Chart

NTN Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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36.09

39.79

39.66

36.14

35.06

NTN 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															35.12	36.97	36.11	35.58	34.84

Competitive Comparison of NTN's Days Payable

For the Tools & Accessories subindustry, NTN'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.

NTN's Days Payable Distribution in the Industrial Products Industry

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

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

NTN 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.

NTN'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
=	( (67283	+	65462)	/	2 )	/	691008	*	365
=	66372.5					/	691008	*	365
=	35.06

NTN'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
=	( (67004	+	65462)	/	2 )	/	173460	*	365 / 4
=	66233					/	173460	*	365 / 4
=	34.84

NTN Days Payable Related Terms

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NTN (TSE:6472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NTN Corp (TSE:6472) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NTN:Germany

Address

3-17, 1-chome, Kyomachibori, Nishi-ku, Osaka, JPN, 550-0003

Website

http://www.ntn.co.jp

NTN Corp is a Japan-based company that manufactures and sells bearings, constant velocity joints, precision equipment, aftermarket parts, and other mechanical parts. The company's products are used in a wide range of applications, including automobile, electric vehicle, rolling stock, wind turbine, construction and mining machinery, agricultural machinery, machine tools, office equipment, steel manufacturing machinery, paper manufacturing machinery, food machinery, medical equipment, aerospace, and robots. The company has a global presence, with Japan, the Americas, and Europe the three largest markets for the company.

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