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Nippon Steel (Nippon Steel) Days Payable : 80.44 (As of Dec. 2023)


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What is Nippon Steel Days Payable?

Nippon Steel's average Accounts Payable for the three months ended in Dec. 2023 was $11,438 Mil. Nippon Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was $12,975 Mil. Hence, Nippon Steel's Days Payable for the three months ended in Dec. 2023 was 80.44.

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

NISTF' s Days Payable Range Over the Past 10 Years
Min: 48.21   Med: 85.17   Max: 121.24
Current: 82.24

During the past 13 years, Nippon Steel's highest Days Payable was 121.24. The lowest was 48.21. And the median was 85.17.

NISTF's Days Payable is ranked better than
78.02% of 587 companies
in the Steel industry
Industry Median: 39.65 vs NISTF: 82.24

Nippon Steel's Days Payable declined from Dec. 2022 (80.66) to Dec. 2023 (80.44). It may suggest that Nippon Steel accelerated paying its suppliers.

Nippon Steel Days Payable Historical Data

The historical data trend for Nippon Steel'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.

* Premium members only.

Nippon Steel Days Payable Chart

Nippon Steel Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 110.62 103.43 121.83 99.14 90.49

Nippon Steel 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 80.66 84.47 82.89 84.92 80.44

Competitive Comparison of Nippon Steel's Days Payable

For the Steel subindustry, Nippon Steel'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.

Nippon Steel's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Nippon Steel's Days Payable distribution charts can be found below:

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


Nippon Steel 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.

Nippon Steel'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
=( (12875.295 + 11911.46) / 2 ) / 49991.127*365
=12393.3775 / 49991.127*365
=90.49

Nippon Steel'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
=( (11313.288 + 11562.541) / 2 ) / 12974.597*365 / 4
=11437.9145 / 12974.597*365 / 4
=80.44

* 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.

Nippon Steel Days Payable Related Terms

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Nippon Steel (Nippon Steel) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nippon Steel Corp (OTCPK:NISTF) » Definitions » Days Payable
Comparable Companies
TSE:5411 TSE:5406 TSE:5444 TSE:5471 TSE:5463 TSE:5423 TSE:5481 NGO:7485 TSE:5451 TSE:5449 NUE XKRX:005490 BOM:500228 XAMS:MT NSE:TATASTEEL STLD SHSE:600019 RS TPE:2002 MIC:CHMF
Traded in Other Exchanges
NPSCY:USA 5401:Japan NPS:Germany
Address
6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8071
Website
https://www.nipponsteel.com
Nippon Steel Corporation, or NS, is the largest steel producer in Japan and one of the top five producers globally. NS supplies steel products such as steel sheets, steel plates, pipes, tubes, bars, wire rods, and stainless steels. It is mainly exposed to the auto, construction, and energy sectors. Steelmaking accounts for around 85%-90% of its revenue, while the remainder stems from engineering and construction, chemicals, new materials, and system solutions. Around 35%-40% of its revenue is from exports.