Minebea Mitsumi (TSE:6479) Days Payable : 60.54 (As of Dec. 2023)

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What is Minebea Mitsumi Days Payable?

Minebea Mitsumi's average Accounts Payable for the three months ended in Dec. 2023 was 円209,666 Mil. Minebea Mitsumi's Cost of Goods Sold for the three months ended in Dec. 2023 was 円316,010 Mil. Hence, Minebea Mitsumi's Days Payable for the three months ended in Dec. 2023 was 60.54.

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

TSE:6479' s Days Payable Range Over the Past 10 Years
Min: 32.12 Med: 52.49 Max: 63.73
Current: 61.66

During the past 13 years, Minebea Mitsumi's highest Days Payable was 63.73. The lowest was 32.12. And the median was 52.49.

TSE:6479's Days Payable is ranked worse than
56.32% of 2422 companies
in the Hardware industry
Industry Median: 67.83 vs TSE:6479: 61.66

Minebea Mitsumi's Days Payable increased from Dec. 2022 (57.65) to Dec. 2023 (60.54). It may suggest that Minebea Mitsumi delayed paying its suppliers.

Minebea Mitsumi Days Payable Historical Data

The historical data trend for Minebea Mitsumi'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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Minebea Mitsumi Days Payable Chart

Minebea Mitsumi Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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54.99

56.94

63.73

62.98

58.41

Minebea Mitsumi 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															57.65	58.45	68.24	58.29	60.54

Competitive Comparison of Minebea Mitsumi's Days Payable

For the Electronic Components subindustry, Minebea Mitsumi'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.

Minebea Mitsumi's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Minebea Mitsumi's Days Payable distribution charts can be found below:

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

Minebea Mitsumi 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.

Minebea Mitsumi'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
=	( (170854	+	172011)	/	2 )	/	1071359	*	365
=	171432.5					/	1071359	*	365
=	58.41

Minebea Mitsumi'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
=	( (207497	+	211834)	/	2 )	/	316010	*	365 / 4
=	209665.5					/	316010	*	365 / 4
=	60.54

Minebea Mitsumi Days Payable Related Terms

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Minebea Mitsumi (TSE:6479) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minebea Mitsumi Inc (TSE:6479) » Definitions » Days Payable

Comparable Companies

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MNBEF:USA

Address

3-9-6, Mita, Minato-ku, Tokyo, JPN, 108-8330

Website

https://www.minebeamitsumi.com

Minebea Mitsumi Inc is an electronic components company. Its operating segments are Machined components, Electronic devices and components and MITSUMI business. The machined components segment manufactures mechanical parts including ball bearings, rod-end bearings, pivot assemblies for hard disk drive (HDD), and screws for automobiles and aircrafts. The electronic devices and components segment manufactures electronic devices (such as LED backlights and sensing devices), HDD spindle motors, stepping motors, DC motors, air movers (fan motors), precision motors and specialized devices. And The MITSUMI business segment manufactures semiconductor devices, optical devices, mechanical parts, high-frequency components, and power supply parts.

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