Nitto Denko (Nitto Denko) Days Payable : 63.25 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Nitto Denko Days Payable?

Nitto Denko's average Accounts Payable for the three months ended in Mar. 2024 was $677 Mil. Nitto Denko's Cost of Goods Sold for the three months ended in Mar. 2024 was $976 Mil. Hence, Nitto Denko's Days Payable for the three months ended in Mar. 2024 was 63.25.

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

NDEKY' s Days Payable Range Over the Past 10 Years
Min: 59.6 Med: 67.29 Max: 71.46
Current: 61.2

During the past 13 years, Nitto Denko's highest Days Payable was 71.46. The lowest was 59.60. And the median was 67.29.

NDEKY's Days Payable is ranked better than
50.5% of 1503 companies
in the Chemicals industry
Industry Median: 60.89 vs NDEKY: 61.20

Nitto Denko's Days Payable declined from Mar. 2023 (65.93) to Mar. 2024 (63.25). It may suggest that Nitto Denko accelerated paying its suppliers.

Nitto Denko Days Payable Historical Data

The historical data trend for Nitto Denko'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.

Nitto Denko Days Payable Chart

Nitto Denko Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

64.92

67.83

70.46

64.08

63.06

Nitto Denko 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															65.93	62.81	62.15	61.70	63.25

Competitive Comparison of Nitto Denko's Days Payable

For the Specialty Chemicals subindustry, Nitto Denko'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.

Nitto Denko's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nitto Denko's Days Payable distribution charts can be found below:

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

Nitto Denko 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.

Nitto Denko's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (687.05	+	660.566)	/	2 )	/	3899.923	*	365
=	673.808					/	3899.923	*	365
=	63.06

Nitto Denko'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
=	( (692.693	+	660.566)	/	2 )	/	976.141	*	365 / 4
=	676.6295					/	976.141	*	365 / 4
=	63.25

Nitto Denko Days Payable Related Terms

Thank you for viewing the detailed overview of Nitto Denko's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Nitto Denko (Nitto Denko) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nitto Denko Corp (OTCPK:NDEKY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NDEKF:USA 6988:Japan ND5:Germany

Address

4-20, Ofuka-Cho, 33rd Floor, Grand Front Osaka, Kita-Ku, Osaka, JPN, 530-0011

Website

http://www.nitto.com

Nitto Denko Corp manufactures and sells a variety of industrial and electronics products. The company sells tape products, which include masking tape for painting and printed-circuit boards, double sided tapes, electrical tape, and sealant materials used in the construction industry. Nitto Denko also sells film products, which include surface protective film, fluoroplastic films used to seal pipes and air filters, and porous film that allows air to pass through but seals water and other liquids. The firm also produces electronics, which include flexible printed circuit boards for smartphones and tablets, and medical products such as drug delivery patches and adhesive sheets.

Nitto Denko (Nitto Denko) Headlines

From GuruFocus

Cosemi Secures $8M in Strategic Funding Round

By Marketwired Marketwired • 12-15-2020

Recycled Auto Parts: An Unconventional Niche with a Promising Outlook

By Victor Selva Victor Selva • 03-20-2014