Nagoya Electric Works Co (NGO:6797) Days Payable : 20.45 (As of Dec. 2023)

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What is Nagoya Electric Works Co Days Payable?

Nagoya Electric Works Co's average Accounts Payable for the three months ended in Dec. 2023 was 円535 Mil. Nagoya Electric Works Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,386 Mil. Hence, Nagoya Electric Works Co's Days Payable for the three months ended in Dec. 2023 was 20.45.

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

NGO:6797' s Days Payable Range Over the Past 10 Years
Min: 14.33 Med: 27.95 Max: 38.27
Current: 14.33

During the past 13 years, Nagoya Electric Works Co's highest Days Payable was 38.27. The lowest was 14.33. And the median was 27.95.

NGO:6797's Days Payable is ranked worse than
85.48% of 923 companies
in the Business Services industry
Industry Median: 47.09 vs NGO:6797: 14.33

Nagoya Electric Works Co's Days Payable increased from Dec. 2022 (15.59) to Dec. 2023 (20.45). It may suggest that Nagoya Electric Works Co delayed paying its suppliers.

Nagoya Electric Works Co Days Payable Historical Data

The historical data trend for Nagoya Electric Works 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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Nagoya Electric Works Co Days Payable Chart

Nagoya Electric Works Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

25.52

24.85

22.55

22.59

17.50

Nagoya Electric Works 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															15.59	7.70	21.95	16.72	20.45

Competitive Comparison of Nagoya Electric Works Co's Days Payable

For the Security & Protection Services subindustry, Nagoya Electric Works 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.

Nagoya Electric Works Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Nagoya Electric Works Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nagoya Electric Works Co's Days Payable falls into.

Nagoya Electric Works 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.

Nagoya Electric Works 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
=	( (717.619	+	463.648)	/	2 )	/	12320.783	*	365
=	590.6335					/	12320.783	*	365
=	17.50

Nagoya Electric Works 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
=	( (525.82	+	543.694)	/	2 )	/	2386.376	*	365 / 4
=	534.757					/	2386.376	*	365 / 4
=	20.45

Nagoya Electric Works Co Days Payable Related Terms

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Nagoya Electric Works Co (NGO:6797) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nagoya Electric Works Co Ltd (NGO:6797) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shinoda Mentoku 29-1, Aichi Prefecture, Yubinbango, Ama City, JPN, 490-1294

Website

http://www.nagoya-denki.co.jp

Nagoya Electric Works Co Ltd provides various road traffic information systems for public works and focuses on the expansion of the inspection equipment business for private enterprises in the automotive/electronic equipment industries. Its Information Equipment Business Division includes ITS information device, Automotive product and LED lighting. Its automotive products include red diffused light warning light, smart friix, portable sign device, self-propelled sign car.

Nagoya Electric Works Co (NGO:6797) Headlines

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