Hirose Electric Co (TSE:6806) Days Payable : 50.00 (As of Dec. 2023)

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What is Hirose Electric Co Days Payable?

Hirose Electric Co's average Accounts Payable for the three months ended in Dec. 2023 was 円12,891 Mil. Hirose Electric Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円23,527 Mil. Hence, Hirose Electric Co's Days Payable for the three months ended in Dec. 2023 was 50.00.

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

TSE:6806' s Days Payable Range Over the Past 10 Years
Min: 58.59 Med: 84.71 Max: 101.29
Current: 69.23

During the past 13 years, Hirose Electric Co's highest Days Payable was 101.29. The lowest was 58.59. And the median was 84.71.

TSE:6806's Days Payable is ranked better than
51.4% of 2422 companies
in the Hardware industry
Industry Median: 67.83 vs TSE:6806: 69.23

Hirose Electric Co's Days Payable declined from Dec. 2022 (87.45) to Dec. 2023 (50.00). It may suggest that Hirose Electric Co accelerated paying its suppliers.

Hirose Electric Co Days Payable Historical Data

The historical data trend for Hirose Electric 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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Hirose Electric Co Days Payable Chart

Hirose Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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101.29

93.49

86.08

89.11

85.66

Hirose Electric 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															87.45	86.51	82.48	61.43	50.00

Competitive Comparison of Hirose Electric Co's Days Payable

For the Electronic Components subindustry, Hirose Electric 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.

Hirose Electric Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Hirose Electric Co's Days Payable falls into.

Hirose Electric 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.

Hirose Electric 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
=	( (23811	+	20796)	/	2 )	/	95036	*	365
=	22303.5					/	95036	*	365
=	85.66

Hirose Electric 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
=	( (14131	+	11651)	/	2 )	/	23527	*	365 / 4
=	12891					/	23527	*	365 / 4
=	50.00

Hirose Electric Co Days Payable Related Terms

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Hirose Electric Co (TSE:6806) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hirose Electric Co Ltd (TSE:6806) » Definitions » Days Payable

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HROEY:USA

Address

5-23. Osaki 5-chome, shinagawa-ku, Tokyo, JPN, 141-8587

Website

https://www.hirose.com

Hirose Electric Co Ltd is a Japan-based company that manufactures and distributes electrical and electronic connectors for use in automotive, mobile communication, telecommunications, networking, and smart grid applications. Its product portfolio includes printed circuit boards, optical connectors, fiber optic cables, sealed connectors, microwave components, switches and sensors, modular jacks and plugs, integrated circuit cards and sockets, and coaxial cables. The firm generates revenue in Europe, Asia, and North America.

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