Seiko Group (TSE:8050) Days Payable : 52.56 (As of Dec. 2023)

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What is Seiko Group Days Payable?

Seiko Group's average Accounts Payable for the three months ended in Dec. 2023 was 円23,161 Mil. Seiko Group's Cost of Goods Sold for the three months ended in Dec. 2023 was 円40,213 Mil. Hence, Seiko Group's Days Payable for the three months ended in Dec. 2023 was 52.56.

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

TSE:8050' s Days Payable Range Over the Past 10 Years
Min: 48.77 Med: 52.43 Max: 62.1
Current: 54.12

During the past 13 years, Seiko Group's highest Days Payable was 62.10. The lowest was 48.77. And the median was 52.43.

TSE:8050's Days Payable is ranked worse than
52.05% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.48 vs TSE:8050: 54.12

Seiko Group's Days Payable declined from Dec. 2022 (59.29) to Dec. 2023 (52.56). It may suggest that Seiko Group accelerated paying its suppliers.

Seiko Group Days Payable Historical Data

The historical data trend for Seiko Group'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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Seiko Group Days Payable Chart

Seiko Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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62.10

61.14

61.20

53.27

48.87

Seiko Group 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															59.29	54.02	51.15	53.65	52.56

Competitive Comparison of Seiko Group's Days Payable

For the Footwear & Accessories subindustry, Seiko Group'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.

Seiko Group's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Seiko Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Seiko Group's Days Payable falls into.

Seiko Group 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.

Seiko Group'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
=	( (21027	+	18790)	/	2 )	/	148706	*	365
=	19908.5					/	148706	*	365
=	48.87

Seiko Group'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
=	( (22950	+	23371)	/	2 )	/	40213	*	365 / 4
=	23160.5					/	40213	*	365 / 4
=	52.56

Seiko Group Days Payable Related Terms

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Seiko Group (TSE:8050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Seiko Group Corp (TSE:8050) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8-10, Toranomon 2-chome, Minato-ku, Tokyo, JPN, 105-8505

Website

https://www.seiko.co.jp

Seiko Group Corp is a Japanese manufacturer of watches and electronic devices. The company organizes itself into four segments, based on product type: watches, electronic devices, systems solutions, and others. The watches business, which contributes more than half of the company's revenue, manufactures men's and ladies' fashion watches. The electronic devices business, the next most significant contributor to revenue, produces components such as semiconductors, camera shutters, inkjet print heads, thermal printers, micro-batteries, and radiation-measuring equipment. Combined sales in the watches and electronic devices segments constitute the vast majority of consolidated revenue. The company derives approximately half its revenue domestically.

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