Nippon Avionics Co (TSE:6946) Days Payable : 56.12 (As of Dec. 2023)

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What is Nippon Avionics Co Days Payable?

Nippon Avionics Co's average Accounts Payable for the three months ended in Dec. 2023 was 円1,906 Mil. Nippon Avionics Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円3,099 Mil. Hence, Nippon Avionics Co's Days Payable for the three months ended in Dec. 2023 was 56.12.

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

TSE:6946' s Days Payable Range Over the Past 10 Years
Min: 51.11 Med: 80.3 Max: 94.03
Current: 85.24

During the past 13 years, Nippon Avionics Co's highest Days Payable was 94.03. The lowest was 51.11. And the median was 80.30.

TSE:6946's Days Payable is ranked better than
55.41% of 2922 companies
in the Industrial Products industry
Industry Median: 76.705 vs TSE:6946: 85.24

Nippon Avionics Co's Days Payable declined from Dec. 2022 (96.03) to Dec. 2023 (56.12). It may suggest that Nippon Avionics Co accelerated paying its suppliers.

Nippon Avionics Co Days Payable Historical Data

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

Nippon Avionics Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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94.03

85.56

76.86

51.11

Nippon Avionics Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															75.55	53.96	43.79	56.12	-

Competitive Comparison of Nippon Avionics Co's Days Payable

For the Electrical Equipment & Parts subindustry, Nippon Avionics 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 Avionics Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nippon Avionics Co's Days Payable distribution charts can be found below:

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

Nippon Avionics 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 Avionics Co's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (1712	+	0)	/	1 )	/	0	*	365
=	1712					/	0	*	365
=	N/A

Nippon Avionics 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
=	( (2153	+	1659)	/	2 )	/	3099	*	365 / 4
=	1906					/	3099	*	365 / 4
=	56.12

Nippon Avionics Co Days Payable Related Terms

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Nippon Avionics Co (TSE:6946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nippon Avionics Co Ltd (TSE:6946) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6NA:Germany

Address

Gotanda Kowa Building, 8-1-5, Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-0031

Website

http://www.avio.co.jp

Nippon Avionics Co Ltd is a manufacturer of electronics equipment. The company is organized into three major business segments - Information System, Joining Equipment, and Infrared Thermography. Information System business provides device products and packaging technologies adopted for the development, manufacture and maintenance of various defence system equipment. The Micro Joining Equipment business active in the manufacture of electronic equipment and electronic parts. It offers a wide range of solutions including welding, soldering, thermocompression bonding, thermal caulking, sealing and ultrasonic bonding. The Infrared Thermography business develops, manufactures and sells infrared thermography camera that visualizes heat.

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