Nissha Co (TSE:7915) Days Payable : 78.23 (As of Mar. 2024)

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What is Nissha Co Days Payable?

Nissha Co's average Accounts Payable for the three months ended in Mar. 2024 was 円31,347 Mil. Nissha Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円36,563 Mil. Hence, Nissha Co's Days Payable for the three months ended in Mar. 2024 was 78.23.

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

TSE:7915' s Days Payable Range Over the Past 10 Years
Min: 78.95 Med: 91.42 Max: 129.9
Current: 83.69

During the past 13 years, Nissha Co's highest Days Payable was 129.90. The lowest was 78.95. And the median was 91.42.

TSE:7915's Days Payable is ranked better than
61.79% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs TSE:7915: 83.69

Nissha Co's Days Payable declined from Mar. 2023 (95.28) to Mar. 2024 (78.23). It may suggest that Nissha Co accelerated paying its suppliers.

Nissha Co Days Payable Historical Data

The historical data trend for Nissha 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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Nissha Co Days Payable Chart

Nissha Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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129.90

119.77

107.81

90.95

91.89

Nissha 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															95.28	92.26	81.76	75.60	78.23

Competitive Comparison of Nissha Co's Days Payable

For the Electronic Components subindustry, Nissha 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.

Nissha Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nissha Co's Days Payable distribution charts can be found below:

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

Nissha 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.

Nissha 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
=	( (39419	+	28609)	/	2 )	/	135104	*	365
=	34014					/	135104	*	365
=	91.89

Nissha Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (28609	+	34085)	/	2 )	/	36563	*	365 / 4
=	31347					/	36563	*	365 / 4
=	78.23

Nissha Co Days Payable Related Terms

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Nissha Co (TSE:7915) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nissha Co Ltd (TSE:7915) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6X8:Germany

Address

3 Hanaicho, Gamo, Nakagyo-ku, Kyoto, JPN, 604-8551

Website

http://www.nissha.com

Nissha Co Ltd is developing industrial materials, devices, life innovation and information and communication business areas. The company develops and promotes its products under the Nisha brand. The firm's products include metalized paper, 3d eye sublimation, material library, gas sensors, force sensors, general printing and fabric printing. Its customers include IT devices, automobiles, medical devices and health care, consumer electronics, packaging materials and communication design.

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