MEC Co (TSE:4971) Days Payable : 53.52 (As of Mar. 2024)

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What is MEC Co Days Payable?

MEC Co's average Accounts Payable for the three months ended in Mar. 2024 was 円1,059 Mil. MEC Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円1,805 Mil. Hence, MEC Co's Days Payable for the three months ended in Mar. 2024 was 53.52.

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

TSE:4971' s Days Payable Range Over the Past 10 Years
Min: 49.55 Med: 90.8 Max: 130.49
Current: 49.55

During the past 13 years, MEC Co's highest Days Payable was 130.49. The lowest was 49.55. And the median was 90.80.

TSE:4971's Days Payable is ranked worse than
62.3% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs TSE:4971: 49.55

MEC Co's Days Payable declined from Mar. 2023 (62.64) to Mar. 2024 (53.52). It may suggest that MEC Co accelerated paying its suppliers.

MEC Co Days Payable Historical Data

The historical data trend for MEC 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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MEC Co Days Payable Chart

MEC Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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103.79

109.64

82.80

59.16

62.66

MEC Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															62.64	45.35	46.94	49.33	53.52

Competitive Comparison of MEC Co's Days Payable

For the Specialty Chemicals subindustry, MEC 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.

MEC Co's Days Payable Distribution in the Chemicals Industry

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

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

MEC 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.

MEC 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
=	( (1033.64	+	924.529)	/	2 )	/	5703.299	*	365
=	979.0845					/	5703.299	*	365
=	62.66

MEC Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (924.529	+	1193.244)	/	2 )	/	1805.43	*	365 / 4
=	1058.8865					/	1805.43	*	365 / 4
=	53.52

MEC Co Days Payable Related Terms

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MEC Co (TSE:4971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MEC Co Ltd (TSE:4971) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-4-1, Kuise Minamishimmachi, Hyogo, Amagasaki, JPN, 660-0822

Website

http://www.mec-co.com

MEC Co Ltd is a Japan-based chemical manufacturer. The company mainly develops, manufactures, and sells chemicals to produce printed circuit boards. Products offered by the company include dry film pretreatment, solar mask pretreatment, microetching, metal resist stripping, among others. Its products are used in automobile, smartphone, and computer. MEC also serves customers in Continental Asia, Europe, America's, India, The Middle-East, and North-Africa.

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