Makino Milling Machine Co (TSE:6135) Days Payable : 39.44 (As of Dec. 2023)

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What is Makino Milling Machine Co Days Payable?

Makino Milling Machine Co's average Accounts Payable for the three months ended in Dec. 2023 was 円16,075 Mil. Makino Milling Machine Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円37,192 Mil. Hence, Makino Milling Machine Co's Days Payable for the three months ended in Dec. 2023 was 39.44.

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

TSE:6135' s Days Payable Range Over the Past 10 Years
Min: 40.64 Med: 51.36 Max: 91.79
Current: 40.64

During the past 13 years, Makino Milling Machine Co's highest Days Payable was 91.79. The lowest was 40.64. And the median was 51.36.

TSE:6135's Days Payable is ranked worse than
79.23% of 2927 companies
in the Industrial Products industry
Industry Median: 76.55 vs TSE:6135: 40.64

Makino Milling Machine Co's Days Payable increased from Dec. 2022 (38.99) to Dec. 2023 (39.44). It may suggest that Makino Milling Machine Co delayed paying its suppliers.

Makino Milling Machine Co Days Payable Historical Data

The historical data trend for Makino Milling Machine 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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Makino Milling Machine Co Days Payable Chart

Makino Milling Machine Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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44.88

51.46

51.83

51.25

44.55

Makino Milling Machine 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															38.88	45.08	40.23	39.44	34.76

Competitive Comparison of Makino Milling Machine Co's Days Payable

For the Specialty Industrial Machinery subindustry, Makino Milling Machine 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.

Makino Milling Machine Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Makino Milling Machine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Makino Milling Machine Co's Days Payable falls into.

Makino Milling Machine 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.

Makino Milling Machine Co's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (20068	+	18345)	/	2 )	/	157355	*	365
=	19206.5					/	157355	*	365
=	44.55

Makino Milling Machine 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
=	( (16682	+	15468)	/	2 )	/	37192	*	365 / 4
=	16075					/	37192	*	365 / 4
=	39.44

Makino Milling Machine Co Days Payable Related Terms

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Makino Milling Machine Co (TSE:6135) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Makino Milling Machine Co Ltd (TSE:6135) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MKMLF:USA

Address

3-19 Nakane 2-chome, Meguro-ku, Tokyo, JPN, 152-8578

Website

http://www.makino.co.jp

Makino Milling Machine Co., Ltd. is a software and engineering service provider offering machine tool builders. The company manufactures, sells and exports machines. It primarily offers numeric control (NC) electrical discharge machines, NC milling machines, milling machines, computer-aided design (CAD) computer-aided manufacturing (CAM) systems, and other products. Its product application is spread into various industries such as automotive, aerospace, general machining, medical and construction. The firm also engages in the business of equipment financing.

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