Mitsubishi Electric (Mitsubishi Electric) Days Payable : 59.06 (As of Dec. 2023)

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What is Mitsubishi Electric Days Payable?

Mitsubishi Electric's average Accounts Payable for the three months ended in Dec. 2023 was $3,895 Mil. Mitsubishi Electric's Cost of Goods Sold for the three months ended in Dec. 2023 was $6,018 Mil. Hence, Mitsubishi Electric's Days Payable for the three months ended in Dec. 2023 was 59.06.

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

MIELY' s Days Payable Range Over the Past 10 Years
Min: 59.67 Med: 68.49 Max: 94.27
Current: 59.67

During the past 13 years, Mitsubishi Electric's highest Days Payable was 94.27. The lowest was 59.67. And the median was 68.49.

MIELY's Days Payable is ranked worse than
61.71% of 2930 companies
in the Industrial Products industry
Industry Median: 76.24 vs MIELY: 59.67

Mitsubishi Electric's Days Payable declined from Dec. 2022 (62.41) to Dec. 2023 (59.06). It may suggest that Mitsubishi Electric accelerated paying its suppliers.

Mitsubishi Electric Days Payable Historical Data

The historical data trend for Mitsubishi Electric'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 Electric Days Payable Chart

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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66.83

60.99

64.97

67.76

67.11

Mitsubishi Electric 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															62.41	56.47	68.06	59.45	59.06

Competitive Comparison of Mitsubishi Electric's Days Payable

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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 Electric's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Electric's Days Payable distribution charts can be found below:

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

Mitsubishi Electric 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 Electric'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
=	( (5073.53	+	4821.452)	/	2 )	/	26909.063	*	365
=	4947.491					/	26909.063	*	365
=	67.11

Mitsubishi Electric'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
=	( (3902.668	+	3887.805)	/	2 )	/	6018.321	*	365 / 4
=	3895.2365					/	6018.321	*	365 / 4
=	59.06

Mitsubishi Electric Days Payable Related Terms

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Mitsubishi Electric (Mitsubishi Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (OTCPK:MIELY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.