Shikino High-Tech CO (TSE:6614) Days Payable : 45.29 (As of Dec. 2023)

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What is Shikino High-Tech CO Days Payable?

Shikino High-Tech CO's average Accounts Payable for the three months ended in Dec. 2023 was 円618 Mil. Shikino High-Tech CO's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,246 Mil. Hence, Shikino High-Tech CO's Days Payable for the three months ended in Dec. 2023 was 45.29.

The historical rank and industry rank for Shikino High-Tech CO's Days Payable or its related term are showing as below:

TSE:6614' s Days Payable Range Over the Past 10 Years
Min: 13.56 Med: 35.17 Max: 47.41
Current: 47.41

During the past 5 years, Shikino High-Tech CO's highest Days Payable was 47.41. The lowest was 13.56. And the median was 35.17.

TSE:6614's Days Payable is ranked worse than
54.56% of 964 companies
in the Semiconductors industry
Industry Median: 51.69 vs TSE:6614: 47.41

Shikino High-Tech CO's Days Payable increased from Dec. 2022 (36.61) to Dec. 2023 (45.29). It may suggest that Shikino High-Tech CO delayed paying its suppliers.

Shikino High-Tech CO Days Payable Historical Data

The historical data trend for Shikino High-Tech 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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Shikino High-Tech CO Days Payable Chart

Shikino High-Tech CO Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

13.56

24.10

35.17

35.51

43.95

Shikino High-Tech CO Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										36.61	46.70	54.73	48.29	45.29

Competitive Comparison of Shikino High-Tech CO's Days Payable

For the Semiconductors subindustry, Shikino High-Tech 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.

Shikino High-Tech CO's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Shikino High-Tech CO's Days Payable distribution charts can be found below:

* The bar in red indicates where Shikino High-Tech CO's Days Payable falls into.

Shikino High-Tech 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.

Shikino High-Tech 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
=	( (433.652	+	693.563)	/	2 )	/	4681.041	*	365
=	563.6075					/	4681.041	*	365
=	43.95

Shikino High-Tech 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
=	( (637.662	+	598.879)	/	2 )	/	1245.584	*	365 / 4
=	618.2705					/	1245.584	*	365 / 4
=	45.29

Shikino High-Tech CO Days Payable Related Terms

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Shikino High-Tech CO (TSE:6614) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shikino High-Tech CO Ltd (TSE:6614) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

829 Kichijima, Toyama Prefecture, Uozu-shi, JPN, 937-0041

Website

https://www.shikino.co.jp

Shikino High-Tech CO Ltd is engaged in the electronics system business, microelectronics business and product development business which include the camera business.

Shikino High-Tech CO (TSE:6614) Headlines

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