Morita Holdings (TSE:6455) Days Payable : 33.74 (As of Mar. 2024)

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What is Morita Holdings Days Payable?

Morita Holdings's average Accounts Payable for the three months ended in Mar. 2024 was 円11,060 Mil. Morita Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was 円29,909 Mil. Hence, Morita Holdings's Days Payable for the three months ended in Mar. 2024 was 33.74.

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

TSE:6455' s Days Payable Range Over the Past 10 Years
Min: 53.27 Med: 57.7 Max: 65.41
Current: 53.27

During the past 13 years, Morita Holdings's highest Days Payable was 65.41. The lowest was 53.27. And the median was 57.70.

TSE:6455's Days Payable is ranked worse than
66.89% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs TSE:6455: 53.27

Morita Holdings's Days Payable declined from Mar. 2023 (33.75) to Mar. 2024 (33.74). It may suggest that Morita Holdings accelerated paying its suppliers.

Morita Holdings Days Payable Historical Data

The historical data trend for Morita Holdings'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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Morita Holdings Days Payable Chart

Morita Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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57.58

57.80

54.05

57.93

56.34

Morita Holdings 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															33.75	78.40	55.93	68.18	33.74

Competitive Comparison of Morita Holdings's Days Payable

For the Specialty Industrial Machinery subindustry, Morita Holdings'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.

Morita Holdings's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Morita Holdings's Days Payable falls into.

Morita Holdings 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.

Morita Holdings'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
=	( (11081	+	10554)	/	2 )	/	70082	*	365
=	10817.5					/	70082	*	365
=	56.34

Morita Holdings'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
=	( (11565	+	10554)	/	2 )	/	29909	*	365 / 4
=	11059.5					/	29909	*	365 / 4
=	33.74

Morita Holdings Days Payable Related Terms

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Morita Holdings (TSE:6455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morita Holdings Corp (TSE:6455) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Doshumachi 3-6-1, Keihanshin Midosuji Building 12th Floor, Chuo-ku, Osaka, JPN, 541-0045

Website

http://www.morita119.com

Morita Holdings Corp and its subsidiaries are in the business of manufacturing and selling fire trucks, fire extinguishers and equipment, recycling machines, environmental conservation vehicles and support wear and also manufacturing and sales of electronic applied machinery and information processing machinery, fabrication repair and sales of specialized vehicles.

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