Mitsuboshi Belting (TSE:5192) Days Payable : 59.73 (As of Dec. 2023)

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What is Mitsuboshi Belting Days Payable?

Mitsuboshi Belting's average Accounts Payable for the three months ended in Dec. 2023 was 円9,484 Mil. Mitsuboshi Belting's Cost of Goods Sold for the three months ended in Dec. 2023 was 円14,488 Mil. Hence, Mitsuboshi Belting's Days Payable for the three months ended in Dec. 2023 was 59.73.

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

TSE:5192' s Days Payable Range Over the Past 10 Years
Min: 61.31 Med: 63.91 Max: 70.9
Current: 62.15

During the past 13 years, Mitsuboshi Belting's highest Days Payable was 70.90. The lowest was 61.31. And the median was 63.91.

TSE:5192's Days Payable is ranked worse than
60.54% of 2927 companies
in the Industrial Products industry
Industry Median: 76.43 vs TSE:5192: 62.15

Mitsuboshi Belting's Days Payable declined from Dec. 2022 (64.34) to Dec. 2023 (59.73). It may suggest that Mitsuboshi Belting accelerated paying its suppliers.

Mitsuboshi Belting Days Payable Historical Data

The historical data trend for Mitsuboshi Belting'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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Mitsuboshi Belting Days Payable Chart

Mitsuboshi Belting Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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67.14

69.07

70.90

66.04

64.10

Mitsuboshi Belting 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															64.34	70.16	61.52	55.86	59.73

Competitive Comparison of Mitsuboshi Belting's Days Payable

For the Specialty Industrial Machinery subindustry, Mitsuboshi Belting'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.

Mitsuboshi Belting's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsuboshi Belting's Days Payable distribution charts can be found below:

* The bar in red indicates where Mitsuboshi Belting's Days Payable falls into.

Mitsuboshi Belting 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.

Mitsuboshi Belting'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
=	( (9898	+	9889)	/	2 )	/	56339	*	365
=	9893.5					/	56339	*	365
=	64.10

Mitsuboshi Belting'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
=	( (9063	+	9904)	/	2 )	/	14488	*	365 / 4
=	9483.5					/	14488	*	365 / 4
=	59.73

Mitsuboshi Belting Days Payable Related Terms

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Mitsuboshi Belting (TSE:5192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsuboshi Belting Ltd (TSE:5192) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 - 1 21 Hamazoe dori, Nagata ku, Hyogo-ken, JPN, 6530024

Website

http://www.mitsuboshi.co.jp

Mitsuboshi Belting Ltd is involved in the business of Power transmission belts and related products, Conveyor belts and systems and related products, Engineering plastics, Engineering structural foam, Waterproofing and Watershielding sheet, Metal nanoparticle related products. Its products include automobile and motorcycle transmission belts, general industrial transmission belts, pulleys, conveyer belts, systems, engineering plastic materials and processed products, waterproofing materials for construction etc.

Mitsuboshi Belting (TSE:5192) Headlines

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