Shizuoka Gas Co (TSE:9543) Days Payable : 13.27 (As of Mar. 2024)

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What is Shizuoka Gas Co Days Payable?

Shizuoka Gas Co's average Accounts Payable for the three months ended in Mar. 2024 was 円6,478 Mil. Shizuoka Gas Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円44,562 Mil. Hence, Shizuoka Gas Co's Days Payable for the three months ended in Mar. 2024 was 13.27.

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

TSE:9543' s Days Payable Range Over the Past 10 Years
Min: 18.31 Med: 31.76 Max: 45.04
Current: 18.92

During the past 13 years, Shizuoka Gas Co's highest Days Payable was 45.04. The lowest was 18.31. And the median was 31.76.

TSE:9543's Days Payable is ranked worse than
94.74% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.385 vs TSE:9543: 18.92

Shizuoka Gas Co's Days Payable declined from Mar. 2023 (26.53) to Mar. 2024 (13.27). It may suggest that Shizuoka Gas Co accelerated paying its suppliers.

Shizuoka Gas Co Days Payable Historical Data

The historical data trend for Shizuoka Gas 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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Shizuoka Gas Co Days Payable Chart

Shizuoka Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

35.05

38.35

45.04

30.78

18.31

Shizuoka Gas 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															26.53	21.83	14.83	13.52	13.27

Competitive Comparison of Shizuoka Gas Co's Days Payable

For the Utilities - Regulated Gas subindustry, Shizuoka Gas 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.

Shizuoka Gas Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shizuoka Gas Co's Days Payable distribution charts can be found below:

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

Shizuoka Gas 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.

Shizuoka Gas 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
=	( (13429	+	3268)	/	2 )	/	166437	*	365
=	8348.5					/	166437	*	365
=	18.31

Shizuoka Gas 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
=	( (3268	+	9688)	/	2 )	/	44562	*	365 / 4
=	6478					/	44562	*	365 / 4
=	13.27

Shizuoka Gas Co Days Payable Related Terms

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Shizuoka Gas Co (TSE:9543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shizuoka Gas Co Ltd (TSE:9543) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-38 Yawata, Suruga-ku, Shizuoka, JPN, 422-8688

Website

http://www.shizuokagas.co.jp

Shizuoka Gas Co Ltd, or Shizgas, is a Japanese electric power and gas company. Shizgas is primarily involved in the distribution of city gas through its pipeline network to Japanese municipalities between Tokyo and Nagoya along the coastline of the Pacific Ocean near Mount Fuji. The company segments its operations into gas, LPG, and other energy services, and other businesses units. Shizuoka Gas derives the vast majority of its revenue from sales of natural gas. The company's customers are mainly split between wholesale and industrial consumers in terms of sales volume. Shizuoka Gas also generates revenue from the sale of liquefied natural gas that it imports from overseas, utility facility construction, and natural gas piping installations in Japan.

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