Mitsuba (TSE:7280) Days Payable : 28.15 (As of Dec. 2023)

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What is Mitsuba Days Payable?

Mitsuba's average Accounts Payable for the three months ended in Dec. 2023 was 円23,271 Mil. Mitsuba's Cost of Goods Sold for the three months ended in Dec. 2023 was 円75,430 Mil. Hence, Mitsuba's Days Payable for the three months ended in Dec. 2023 was 28.15.

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

TSE:7280' s Days Payable Range Over the Past 10 Years
Min: 29.59 Med: 38.99 Max: 42.35
Current: 29.59

During the past 13 years, Mitsuba's highest Days Payable was 42.35. The lowest was 29.59. And the median was 38.99.

TSE:7280's Days Payable is ranked worse than
86.12% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 66.92 vs TSE:7280: 29.59

Mitsuba's Days Payable declined from Dec. 2022 (35.29) to Dec. 2023 (28.15). It may suggest that Mitsuba accelerated paying its suppliers.

Mitsuba Days Payable Historical Data

The historical data trend for Mitsuba'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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Mitsuba Days Payable Chart

Mitsuba Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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35.41

34.23

40.48

39.21

29.90

Mitsuba 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															35.29	30.30	28.83	29.54	28.15

Competitive Comparison of Mitsuba's Days Payable

For the Auto Parts subindustry, Mitsuba'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.

Mitsuba's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Mitsuba 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.

Mitsuba'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
=	( (25382	+	20397)	/	2 )	/	279457	*	365
=	22889.5					/	279457	*	365
=	29.90

Mitsuba'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
=	( (23946	+	22596)	/	2 )	/	75430	*	365 / 4
=	23271					/	75430	*	365 / 4
=	28.15

Mitsuba Days Payable Related Terms

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Mitsuba (TSE:7280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mitsuba Corp (TSE:7280) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2681 Hirosawa-cho, Kiryu, Gunma Pref., JPN, 376-8555

Website

http://www.mitsuba.co.jp

Mitsuba Corp is a manufacturer of electrical components for automotive vehicles. The company produces front wipers, power window motors, power slide-door systems, electrical power steering motors, starter motors, and electrical oil pumps for automotive vehicles. Further, Mitsuba supplies electrical motors and components to the motorcycle, electric vehicle, and nursing-care industries. The largest end markets are Asia, with a special focus on Japan, and America.

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