Mimaki Engineering Co (TSE:6638) Days Payable : 29.27 (As of Dec. 2023)

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What is Mimaki Engineering Co Days Payable?

Mimaki Engineering Co's average Accounts Payable for the three months ended in Dec. 2023 was 円3,472 Mil. Mimaki Engineering Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円10,824 Mil. Hence, Mimaki Engineering Co's Days Payable for the three months ended in Dec. 2023 was 29.27.

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

TSE:6638' s Days Payable Range Over the Past 10 Years
Min: 19.17 Med: 44.62 Max: 131.19
Current: 32.58

During the past 13 years, Mimaki Engineering Co's highest Days Payable was 131.19. The lowest was 19.17. And the median was 44.62.

TSE:6638's Days Payable is ranked worse than
85.5% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs TSE:6638: 32.58

Mimaki Engineering Co's Days Payable declined from Dec. 2022 (36.28) to Dec. 2023 (29.27). It may suggest that Mimaki Engineering Co accelerated paying its suppliers.

Mimaki Engineering Co Days Payable Historical Data

The historical data trend for Mimaki Engineering 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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Mimaki Engineering Co Days Payable Chart

Mimaki Engineering Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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48.69

41.68

47.56

40.39

33.92

Mimaki Engineering Co 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															36.28	34.55	37.41	30.62	29.27

Competitive Comparison of Mimaki Engineering Co's Days Payable

For the Electronics & Computer Distribution subindustry, Mimaki Engineering 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.

Mimaki Engineering Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Mimaki Engineering Co's Days Payable distribution charts can be found below:

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

Mimaki Engineering 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.

Mimaki Engineering 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
=	( (3571.634	+	4264.456)	/	2 )	/	42157.753	*	365
=	3918.045					/	42157.753	*	365
=	33.92

Mimaki Engineering 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
=	( (3679.822	+	3264.748)	/	2 )	/	10824.236	*	365 / 4
=	3472.285					/	10824.236	*	365 / 4
=	29.27

Mimaki Engineering Co Days Payable Related Terms

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Mimaki Engineering Co (TSE:6638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mimaki Engineering Co Ltd (TSE:6638) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2182-3 Shigeno-Otsu, Nagano Prefecture, Tojin-shi, JPN, 389-0512

Website

http://www.mimaki.co.jp

Mimaki Engineering Co Ltd manufactures and sells computer devices and software mainly in Japan. Its product offerings include inkjet printers, cutting plotters, 3D printer, laminator and desktop modeling plotters. In addition, the company also provides color management and cutting software. Mimaki also offers maintenance and repair services.

Mimaki Engineering Co (TSE:6638) Headlines

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