Mitsubishi Motors (TSE:7211) Days Payable : 55.75 (As of Dec. 2023)

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What is Mitsubishi Motors Days Payable?

Mitsubishi Motors's average Accounts Payable for the three months ended in Dec. 2023 was 円354,017 Mil. Mitsubishi Motors's Cost of Goods Sold for the three months ended in Dec. 2023 was 円579,419 Mil. Hence, Mitsubishi Motors's Days Payable for the three months ended in Dec. 2023 was 55.75.

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

TSE:7211' s Days Payable Range Over the Past 10 Years
Min: 58.9 Med: 73.02 Max: 86.55
Current: 58.9

During the past 13 years, Mitsubishi Motors's highest Days Payable was 86.55. The lowest was 58.90. And the median was 73.02.

TSE:7211's Days Payable is ranked worse than
55.89% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 65.48 vs TSE:7211: 58.90

Mitsubishi Motors's Days Payable declined from Dec. 2022 (61.73) to Dec. 2023 (55.75). It may suggest that Mitsubishi Motors accelerated paying its suppliers.

Mitsubishi Motors Days Payable Historical Data

The historical data trend for Mitsubishi 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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Mitsubishi Motors Days Payable Chart

Mitsubishi Motors Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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72.57

66.11

86.55

68.78

65.40

Mitsubishi Motors 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															61.73	60.25	63.39	58.67	55.75

Competitive Comparison of Mitsubishi Motors's Days Payable

For the Auto Manufacturers subindustry, Mitsubishi 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.

Mitsubishi Motors's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsubishi Motors's Days Payable distribution charts can be found below:

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

Mitsubishi 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.

Mitsubishi Motors'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
=	( (324091	+	369495)	/	2 )	/	1935342	*	365
=	346793					/	1935342	*	365
=	65.40

Mitsubishi 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
=	( (361310	+	346723)	/	2 )	/	579419	*	365 / 4
=	354016.5					/	579419	*	365 / 4
=	55.75

Mitsubishi Motors Days Payable Related Terms

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Mitsubishi Motors (TSE:7211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mitsubishi Motors Corp (TSE:7211) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MMTOF:USA MMO:Germany

Address

5-33-8, Shiba, Minato - ku, Tokyo, JPN, 108-8410

Website

http://www.mitsubishi-motors.co.jp

Mitsubishi Motors is a Japanese automobile manufacturer. The company principally produces small passenger vehicles, electric and hybrid vehicles, and sport utility vehicles, or SUVs. Mitsubishi Motors is organised into two business segments: automobile business and automobile financing business. The company derives the vast majority of company revenue from the automotive business. Geographically, the company is separated into five regions: Japan, North America, Europe, Asia (excluding Japan), and other. With more than half of its products manufactures in Japan where it also generates the majority of its consolidated revenue, followed by Asia, and North America.

Mitsubishi Motors (TSE:7211) Headlines

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