Mitsubishi Shokuhin Co (TSE:7451) Days Payable : 99.11 (As of Dec. 2023)

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What is Mitsubishi Shokuhin Co Days Payable?

Mitsubishi Shokuhin Co's average Accounts Payable for the three months ended in Dec. 2023 was 円548,457 Mil. Mitsubishi Shokuhin Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円504,945 Mil. Hence, Mitsubishi Shokuhin Co's Days Payable for the three months ended in Dec. 2023 was 99.11.

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

TSE:7451' s Days Payable Range Over the Past 10 Years
Min: 60.3 Med: 63.88 Max: 92.3
Current: 92.3

During the past 13 years, Mitsubishi Shokuhin Co's highest Days Payable was 92.30. The lowest was 60.30. And the median was 63.88.

TSE:7451's Days Payable is ranked better than
89.58% of 307 companies
in the Retail - Defensive industry
Industry Median: 43.48 vs TSE:7451: 92.30

Mitsubishi Shokuhin Co's Days Payable increased from Dec. 2022 (93.25) to Dec. 2023 (99.11). It may suggest that Mitsubishi Shokuhin Co delayed paying its suppliers.

Mitsubishi Shokuhin Co Days Payable Historical Data

The historical data trend for Mitsubishi Shokuhin 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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Mitsubishi Shokuhin Co Days Payable Chart

Mitsubishi Shokuhin Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

63.13

60.84

80.03

81.35

85.76

Mitsubishi Shokuhin 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															102.04	82.20	88.50	99.11	106.41

Competitive Comparison of Mitsubishi Shokuhin Co's Days Payable

For the Food Distribution subindustry, Mitsubishi Shokuhin 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.

Mitsubishi Shokuhin Co's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Mitsubishi Shokuhin Co's Days Payable distribution charts can be found below:

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

Mitsubishi Shokuhin 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.

Mitsubishi Shokuhin 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
=	( (421898	+	483161)	/	2 )	/	1926070	*	365
=	452529.5					/	1926070	*	365
=	85.76

Mitsubishi Shokuhin 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
=	( (525236	+	571677)	/	2 )	/	504945	*	365 / 4
=	548456.5					/	504945	*	365 / 4
=	99.11

Mitsubishi Shokuhin Co Days Payable Related Terms

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Mitsubishi Shokuhin Co (TSE:7451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Mitsubishi Shokuhin Co Ltd (TSE:7451) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-1-1 Heiwajima, Ota-ku, Tokyo, JPN, 1436556

Website

http://www.mitsubishi-shokuhin.com

Mitsubishi Shokuhin Co Ltd is a Japan-based company engaged in the food and beverage business. The company offers processed foods, frozen and chilled foods, alcoholic beverages and confectioneries at wholesale prices. Its product portfolio includes seasoning products, noodles, dry goods, alcoholic and non-alcoholic beverages, frozen foods, confectionery. It also operates in the real estate management and logistics business. The majority of the revenues are derived from the processed foods business and frozen and chilled foods business.

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