NEC (NIPNF) Days Payable : 69.75 (As of Dec. 2023)

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What is NEC Days Payable?

NEC's average Accounts Payable for the three months ended in Dec. 2023 was $3,172 Mil. NEC's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,150 Mil. Hence, NEC's Days Payable for the three months ended in Dec. 2023 was 69.75.

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

NIPNF' s Days Payable Range Over the Past 10 Years
Min: 69.02 Med: 80.58 Max: 95.62
Current: 69.02

During the past 13 years, NEC's highest Days Payable was 95.62. The lowest was 69.02. And the median was 80.58.

NIPNF's Days Payable is ranked better than
58.52% of 2522 companies
in the Software industry
Industry Median: 51.485 vs NIPNF: 69.02

NEC's Days Payable increased from Dec. 2022 (64.58) to Dec. 2023 (69.75). It may suggest that NEC delayed paying its suppliers.

NEC Days Payable Historical Data

The historical data trend for NEC'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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NEC Days Payable Chart

NEC Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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89.29

76.75

79.83

82.08

77.60

NEC 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															64.58	59.13	85.91	70.07	69.75

Competitive Comparison of NEC's Days Payable

For the Information Technology Services subindustry, NEC'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.

NEC's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, NEC's Days Payable distribution charts can be found below:

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

NEC 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.

NEC'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
=	( (3767.902	+	3722.946)	/	2 )	/	17617.045	*	365
=	3745.424					/	17617.045	*	365
=	77.60

NEC'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
=	( (3099.8	+	3244.09)	/	2 )	/	4149.804	*	365 / 4
=	3171.945					/	4149.804	*	365 / 4
=	69.75

NEC Days Payable Related Terms

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NEC (NIPNF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NEC Corp (OTCPK:NIPNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6701:Japan NEC1:Germany

Address

7-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8001

Website

https://www.nec.com

NEC Corp is a leading Japanese technology firm. It manufactures PCs, computer platforms, semiconductors, and display panels; builds broadband and mobile communication networks; and provides systems-integration services. The firm's research and development has funded accomplishments such as breakthroughs in quantum computing and PDA speech-translation software.