Nippon Road Co (TSE:1884) Days Payable : 67.05 (As of Dec. 2023)

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What is Nippon Road Co Days Payable?

Nippon Road Co's average Accounts Payable for the three months ended in Dec. 2023 was 円28,557 Mil. Nippon Road Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円38,864 Mil. Hence, Nippon Road Co's Days Payable for the three months ended in Dec. 2023 was 67.05.

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

TSE:1884' s Days Payable Range Over the Past 10 Years
Min: 73.69 Med: 93.97 Max: 103.12
Current: 73.69

During the past 13 years, Nippon Road Co's highest Days Payable was 103.12. The lowest was 73.69. And the median was 93.97.

TSE:1884's Days Payable is ranked worse than
50.25% of 1606 companies
in the Construction industry
Industry Median: 73.815 vs TSE:1884: 73.69

Nippon Road Co's Days Payable declined from Dec. 2022 (68.77) to Dec. 2023 (67.05). It may suggest that Nippon Road Co accelerated paying its suppliers.

Nippon Road Co Days Payable Historical Data

The historical data trend for Nippon Road 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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Nippon Road Co Days Payable Chart

Nippon Road Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

92.72

87.35

82.33

81.11

80.06

Nippon Road 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															68.77	75.21	81.26	70.52	67.05

Competitive Comparison of Nippon Road Co's Days Payable

For the Engineering & Construction subindustry, Nippon Road 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.

Nippon Road Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nippon Road Co's Days Payable distribution charts can be found below:

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

Nippon Road 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.

Nippon Road 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
=	( (30767	+	30779)	/	2 )	/	140293	*	365
=	30773					/	140293	*	365
=	80.06

Nippon Road 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
=	( (27672	+	29441)	/	2 )	/	38864	*	365 / 4
=	28556.5					/	38864	*	365 / 4
=	67.05

Nippon Road Co Days Payable Related Terms

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Nippon Road Co (TSE:1884) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nippon Road Co Ltd (TSE:1884) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-5, Shimbashi 1-chome, Minato-ku, Tokyo, JPN, 105-0004

Website

http://www.nipponroad.co.jp

Nippon Road Co Ltd is engaged in the business of general construction. The company is involved in the construction design, supervision, and management activities, road construction and paving work, general civil engineering works, building construction, construction of environmental, and sport and leisure facilities. In addition, it also manufactures and sells asphalt mixture materials and is also in the consulting business.

Nippon Road Co (TSE:1884) Headlines

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