Shigematsu Works Co (TSE:7980) Days Payable : 43.84 (As of Dec. 2023)

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What is Shigematsu Works Co Days Payable?

Shigematsu Works Co's average Accounts Payable for the three months ended in Dec. 2023 was 円1,073 Mil. Shigematsu Works Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,233 Mil. Hence, Shigematsu Works Co's Days Payable for the three months ended in Dec. 2023 was 43.84.

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

TSE:7980' s Days Payable Range Over the Past 10 Years
Min: 36.67 Med: 43.59 Max: 136.63
Current: 42.26

During the past 13 years, Shigematsu Works Co's highest Days Payable was 136.63. The lowest was 36.67. And the median was 43.59.

TSE:7980's Days Payable is ranked worse than
74.46% of 787 companies
in the Medical Devices & Instruments industry
Industry Median: 72.72 vs TSE:7980: 42.26

Shigematsu Works Co's Days Payable increased from Dec. 2022 (39.66) to Dec. 2023 (43.84). It may suggest that Shigematsu Works Co delayed paying its suppliers.

Shigematsu Works Co Days Payable Historical Data

The historical data trend for Shigematsu Works 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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Shigematsu Works Co Days Payable Chart

Shigematsu Works Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

37.79

40.18

43.18

43.72

43.45

Shigematsu Works 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															39.66	34.61	52.66	44.16	43.84

Competitive Comparison of Shigematsu Works Co's Days Payable

For the Medical Instruments & Supplies subindustry, Shigematsu Works 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.

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

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

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

Shigematsu Works 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.

Shigematsu Works Co'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
=	( (928.883	+	1164.171)	/	2 )	/	8790.47	*	365
=	1046.527					/	8790.47	*	365
=	43.45

Shigematsu Works 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
=	( (1142.721	+	1002.991)	/	2 )	/	2233.178	*	365 / 4
=	1072.856					/	2233.178	*	365 / 4
=	43.84

Shigematsu Works Co Days Payable Related Terms

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Shigematsu Works Co (TSE:7980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shigematsu Works Co Ltd (TSE:7980) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-26-1, Nishigahara, Kita-ku, Tokyo, JPN, 114 0024

Website

http://www.sts-japan.com

Shigematsu Works Co Ltd is a Japan based company engaged in the safety business. It manufactures personal and respiratory protective devices related to fire and industrial safety, equipment for air purifying, emergency and rescue operations. The company offers products such as gas respirators, chemical cartridge respirators, particulate respirators, self-contained breathing apparatus, powered air-purifying respirators, supplied-air respirators, eye protector, face shields, earmuffs, safety belts, protective clothing, protective gloves, stretchers, oxygen meters and other related products. The products offered by the organization has application in various industries including textile, chemical, automobile, fishery, mining, warehouse and others.

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