Meiko Construction Co (NGO:1869) Days Payable : 42.96 (As of Dec. 2023)

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What is Meiko Construction Co Days Payable?

Meiko Construction Co's average Accounts Payable for the three months ended in Dec. 2023 was 円9,694 Mil. Meiko Construction Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円20,592 Mil. Hence, Meiko Construction Co's Days Payable for the three months ended in Dec. 2023 was 42.96.

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

NGO:1869' s Days Payable Range Over the Past 10 Years
Min: 46.98 Med: 53.11 Max: 103.74
Current: 46.98

During the past 13 years, Meiko Construction Co's highest Days Payable was 103.74. The lowest was 46.98. And the median was 53.11.

NGO:1869's Days Payable is ranked better than
54.17% of 96 companies
in the Homebuilding & Construction industry
Industry Median: 42.29 vs NGO:1869: 46.98

Meiko Construction Co's Days Payable increased from Dec. 2022 (42.16) to Dec. 2023 (42.96). It may suggest that Meiko Construction Co delayed paying its suppliers.

Meiko Construction Co Days Payable Historical Data

The historical data trend for Meiko Construction 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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Meiko Construction Co Days Payable Chart

Meiko Construction Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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47.79

52.11

52.90

53.31

49.87

Meiko Construction 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															42.16	45.73	53.14	45.86	42.96

Competitive Comparison of Meiko Construction Co's Days Payable

For the Residential Construction subindustry, Meiko Construction 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.

Meiko Construction Co's Days Payable Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Meiko Construction Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Meiko Construction Co's Days Payable falls into.

Meiko Construction 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.

Meiko Construction 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
=	( (9080	+	10811)	/	2 )	/	72791	*	365
=	9945.5					/	72791	*	365
=	49.87

Meiko Construction 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
=	( (9252	+	10135)	/	2 )	/	20592	*	365 / 4
=	9693.5					/	20592	*	365 / 4
=	42.96

Meiko Construction Co Days Payable Related Terms

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Meiko Construction Co (NGO:1869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Meiko Construction Co Ltd (NGO:1869) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

JR Central Towers 34 Floor, Nagoya, JPN

Website

http://www.meikokensetsu.co.jp

Meiko Construction Co Ltd is engaged in the construction industry. The company undertakes contract for civil works, construction work, track construction and construction work of the facility construction, supervision, planning, design, surveying and consulting. The company is also involved in the buying and selling of houses and real estate, lease, and brokerage. Construction materials on rental, warehousing, and management of education and cultural facilities are additional activities done by the company.

Meiko Construction Co (NGO:1869) Headlines

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