Hino Motors (TSE:7205) Days Payable : 61.85 (As of Dec. 2023)

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What is Hino Motors Days Payable?

Hino Motors's average Accounts Payable for the three months ended in Dec. 2023 was 円220,656 Mil. Hino Motors's Cost of Goods Sold for the three months ended in Dec. 2023 was 円325,520 Mil. Hence, Hino Motors's Days Payable for the three months ended in Dec. 2023 was 61.85.

The historical rank and industry rank for Hino Motors's Days Payable or its related term are showing as below:

TSE:7205' s Days Payable Range Over the Past 10 Years
Min: 61.72 Med: 67.07 Max: 72.46
Current: 66.12

During the past 13 years, Hino Motors's highest Days Payable was 72.46. The lowest was 61.72. And the median was 67.07.

TSE:7205's Days Payable is ranked worse than
56.31% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 74.045 vs TSE:7205: 66.12

Hino Motors's Days Payable declined from Dec. 2022 (65.94) to Dec. 2023 (61.85). It may suggest that Hino Motors accelerated paying its suppliers.

Hino Motors Days Payable Historical Data

The historical data trend for Hino Motors'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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Hino Motors Days Payable Chart

Hino Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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61.72

66.52

72.46

71.18

68.08

Hino Motors 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															61.31	70.65	67.83	61.85	62.44

Competitive Comparison of Hino Motors's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Hino Motors'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.

Hino Motors's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hino Motors's Days Payable distribution charts can be found below:

* The bar in red indicates where Hino Motors's Days Payable falls into.

Hino Motors 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.

Hino Motors'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
=	( (243640	+	234846)	/	2 )	/	1282680	*	365
=	239243					/	1282680	*	365
=	68.08

Hino Motors'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
=	( (230313	+	210999)	/	2 )	/	325520	*	365 / 4
=	220656					/	325520	*	365 / 4
=	61.85

Hino Motors Days Payable Related Terms

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Hino Motors (TSE:7205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hino Motors Ltd (TSE:7205) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HINOY:USA HMO:Germany

Address

1-1 Hinodai 3-chome, Hino-shi, Tokyo, JPN

Website

http://www.hino-global.com

Hino Motors Ltd is a Japanese automobile manufacturer, and a subsidiary of Toyota Motor. The company primarily manufactures and sells medium and heavy commercial vehicles, such as trucks and buses, and light commercial vehicles under the Hino brand. These operations contribute the majority of consolidated revenue. In addition, Hino manufactures passenger vehicles under the Toyota brand, along with engines and spare parts. Domestic sales represent the largest share of Hino's revenue, with Asia excluding Japan the next most significant contributor.

Hino Motors (TSE:7205) Headlines

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