Nippon Ceramic Co (TSE:6929) Days Payable : 29.40 (As of Dec. 2023)

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What is Nippon Ceramic Co Days Payable?

Nippon Ceramic Co's average Accounts Payable for the three months ended in Dec. 2023 was 円1,428 Mil. Nippon Ceramic Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,430 Mil. Hence, Nippon Ceramic Co's Days Payable for the three months ended in Dec. 2023 was 29.40.

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

TSE:6929' s Days Payable Range Over the Past 10 Years
Min: 36.94 Med: 59.67 Max: 67.03
Current: 36.94

During the past 13 years, Nippon Ceramic Co's highest Days Payable was 67.03. The lowest was 36.94. And the median was 59.67.

TSE:6929's Days Payable is ranked worse than
81.62% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs TSE:6929: 36.94

Nippon Ceramic Co's Days Payable declined from Dec. 2022 (63.36) to Dec. 2023 (29.40). It may suggest that Nippon Ceramic Co accelerated paying its suppliers.

Nippon Ceramic Co Days Payable Historical Data

The historical data trend for Nippon Ceramic 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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Nippon Ceramic Co Days Payable Chart

Nippon Ceramic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.36

59.17

43.88

52.39

39.68

Nippon Ceramic 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															63.36	49.09	36.92	30.73	29.40

Competitive Comparison of Nippon Ceramic Co's Days Payable

For the Electronic Components subindustry, Nippon Ceramic 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.

Nippon Ceramic Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Nippon Ceramic Co's Days Payable falls into.

Nippon Ceramic 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.

Nippon Ceramic Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2542	+	1287)	/	2 )	/	17610	*	365
=	1914.5					/	17610	*	365
=	39.68

Nippon Ceramic 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
=	( (1568	+	1287)	/	2 )	/	4430	*	365 / 4
=	1427.5					/	4430	*	365 / 4
=	29.40

Nippon Ceramic Co Days Payable Related Terms

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Nippon Ceramic Co (TSE:6929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nippon Ceramic Co Ltd (TSE:6929) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

176-17 Hirooka, Tottori-shi, Tottori, JPN, 689-1193

Website

http://www.nicera.co.jp

Nippon Ceramic Co Ltd is a Japan based company engaged in development, manufacturing and sale of ceramic sensors, ferrite, module and others. Its products are applicable for household equipment and plant facilities; automobiles; home electronics and office automation equipment; and electronics. Its Household equipment & plant faculties include lighting, sensor, security system, fire detection sensor etc. In automobile industry its products are applicable in sensor, DC- DC Converter, charging & discharging battery etc. Its products in home electronics include Microwave, airconditioner and IH cooker. Under electronics industry its products are power supplies, fan motors, inverters.

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