MIKIKOGYO CO (TSE:1718) Days Payable : 25.43 (As of Dec. 2023)

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What is MIKIKOGYO CO Days Payable?

MIKIKOGYO CO's average Accounts Payable for the three months ended in Dec. 2023 was 円1,977 Mil. MIKIKOGYO CO's Cost of Goods Sold for the three months ended in Dec. 2023 was 円7,093 Mil. Hence, MIKIKOGYO CO's Days Payable for the three months ended in Dec. 2023 was 25.43.

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

TSE:1718' s Days Payable Range Over the Past 10 Years
Min: 29.19 Med: 31.35 Max: 40.04
Current: 29.57

During the past 13 years, MIKIKOGYO CO's highest Days Payable was 40.04. The lowest was 29.19. And the median was 31.35.

TSE:1718's Days Payable is ranked worse than
88.91% of 1605 companies
in the Construction industry
Industry Median: 73.78 vs TSE:1718: 29.57

MIKIKOGYO CO's Days Payable declined from Dec. 2022 (40.98) to Dec. 2023 (25.43). It may suggest that MIKIKOGYO CO accelerated paying its suppliers.

MIKIKOGYO CO Days Payable Historical Data

The historical data trend for MIKIKOGYO 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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MIKIKOGYO CO Days Payable Chart

MIKIKOGYO CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.83

29.19

39.50

40.04

33.78

MIKIKOGYO 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															40.98	26.74	39.63	26.12	25.43

Competitive Comparison of MIKIKOGYO CO's Days Payable

For the Engineering & Construction subindustry, MIKIKOGYO 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.

MIKIKOGYO CO's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, MIKIKOGYO CO's Days Payable distribution charts can be found below:

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

MIKIKOGYO 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.

MIKIKOGYO CO's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2676.953	+	2188.661)	/	2 )	/	26287.83	*	365
=	2432.807					/	26287.83	*	365
=	33.78

MIKIKOGYO 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
=	( (1765.501	+	2188.661)	/	2 )	/	7093.41	*	365 / 4
=	1977.081					/	7093.41	*	365 / 4
=	25.43

MIKIKOGYO CO Days Payable Related Terms

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MIKIKOGYO CO (TSE:1718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MIKIKOGYO CO LTD (TSE:1718) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 chome, Higashinobusue, Hyogo Prefecture, Himeji, JPN

Website

http://www.mikikogyo.co.jp

MIKIKOGYO CO LTD is engaged in the construction and real estate business. The Construction segment involves building construction, civil engineering, city gas pipe laying and condominiums. The Real Estate Leasing segment manages and leases real estate properties. It also offers public golf course management, non-life insurance agency business, food and beverage business and solar power business.

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