Sincere Co (TSE:7782) Days Payable : 23.28 (As of Dec. 2023)

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What is Sincere Co Days Payable?

Sincere Co's average Accounts Payable for the three months ended in Dec. 2023 was 円259 Mil. Sincere Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,017 Mil. Hence, Sincere Co's Days Payable for the three months ended in Dec. 2023 was 23.28.

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

TSE:7782' s Days Payable Range Over the Past 10 Years
Min: 9.46 Med: 19.57 Max: 26.79
Current: 20.68

During the past 10 years, Sincere Co's highest Days Payable was 26.79. The lowest was 9.46. And the median was 19.57.

TSE:7782's Days Payable is ranked worse than
92.11% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 73.005 vs TSE:7782: 20.68

Sincere Co's Days Payable increased from Dec. 2022 (10.34) to Dec. 2023 (23.28). It may suggest that Sincere Co delayed paying its suppliers.

Sincere Co Days Payable Historical Data

The historical data trend for Sincere 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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Sincere Co Days Payable Chart

Sincere Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.91

26.36

19.52

10.94

9.46

Sincere Co 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															10.34	16.21	25.36	30.30	23.28

Competitive Comparison of Sincere Co's Days Payable

For the Medical Instruments & Supplies subindustry, Sincere 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.

Sincere Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Sincere Co's Days Payable distribution charts can be found below:

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

Sincere 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.

Sincere Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (71.634	+	141.847)	/	2 )	/	4117.985	*	365
=	106.7405					/	4117.985	*	365
=	9.46

Sincere 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
=	( (377.134	+	141.847)	/	2 )	/	1017.19	*	365 / 4
=	259.4905					/	1017.19	*	365 / 4
=	23.28

Sincere Co Days Payable Related Terms

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Sincere Co (TSE:7782) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sincere Co Ltd (TSE:7782) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

30-1, Nihonbashi hakozaki cho, Tama building Nihonbashi Hakozaki, 10th Floor, Chuo-ku, Tokyo, JPN, 103-0015

Website

http://www.sincere-vision.com

Sincere Co Ltd is a Japanese firm engaged in the manufacturing and sale of contact lens. It offers daily disposable malleable contact lens, color contact lens, and conventional disposable soft contact lens.

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