Nippon Soda Co (TSE:4041) Days Payable : 63.77 (As of Dec. 2023)

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What is Nippon Soda Co Days Payable?

Nippon Soda Co's average Accounts Payable for the three months ended in Dec. 2023 was 円18,732 Mil. Nippon Soda Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円26,805 Mil. Hence, Nippon Soda Co's Days Payable for the three months ended in Dec. 2023 was 63.77.

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

TSE:4041' s Days Payable Range Over the Past 10 Years
Min: 52.89 Med: 60.84 Max: 79.22
Current: 59.84

During the past 13 years, Nippon Soda Co's highest Days Payable was 79.22. The lowest was 52.89. And the median was 60.84.

TSE:4041's Days Payable is ranked worse than
50.73% of 1502 companies
in the Chemicals industry
Industry Median: 60.4 vs TSE:4041: 59.84

Nippon Soda Co's Days Payable increased from Dec. 2022 (56.99) to Dec. 2023 (63.77). It may suggest that Nippon Soda Co delayed paying its suppliers.

Nippon Soda Co Days Payable Historical Data

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

Nippon Soda Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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67.13

61.61

54.23

55.95

52.89

Nippon Soda 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															56.99	48.27	61.53	61.91	63.77

Competitive Comparison of Nippon Soda Co's Days Payable

For the Chemicals subindustry, Nippon Soda 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 Soda Co's Days Payable Distribution in the Chemicals Industry

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

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

Nippon Soda 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 Soda 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
=	( (19093	+	16707)	/	2 )	/	123533	*	365
=	17900					/	123533	*	365
=	52.89

Nippon Soda 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
=	( (17082	+	20381)	/	2 )	/	26805	*	365 / 4
=	18731.5					/	26805	*	365 / 4
=	63.77

Nippon Soda Co Days Payable Related Terms

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Nippon Soda Co (TSE:4041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Soda Co Ltd (TSE:4041) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-1, Ohtemachi, Chiyoda-ku, Tokyo, JPN, 100-8165

Website

https://www.nippon-soda.co.jp

Nippon Soda manufactures and sells chemical products and operates in three major and three minor segments. The chemicals segment sells caustic soda, sodium derivatives, and specialty chemicals, which are used to make household cleaning products and pharmaceuticals. The agrochemicals segment sells pesticides, fungicides, and herbicides to the agricultural industry. The trading segment offers chemicals, synthetic resins, and industrial machineries and devices. The company generates additional revenue from its minor segments: transportation, warehousing, and construction services. These segments are engaged in the transportation and warehousing of chemical products, as well as in plant construction and civil engineering services.

Nippon Soda Co (TSE:4041) Headlines

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