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Mpac Group (LSE:MPAC) Days Payable : 131.28 (As of Dec. 2023)


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What is Mpac Group Days Payable?

Mpac Group's average Accounts Payable for the six months ended in Dec. 2023 was £30.5 Mil. Mpac Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £42.4 Mil. Hence, Mpac Group's Days Payable for the six months ended in Dec. 2023 was 131.28.

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

LSE:MPAC' s Days Payable Range Over the Past 10 Years
Min: 35.76   Med: 71.11   Max: 135.19
Current: 112.39

During the past 13 years, Mpac Group's highest Days Payable was 135.19. The lowest was 35.76. And the median was 71.11.

LSE:MPAC's Days Payable is ranked better than
67.82% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs LSE:MPAC: 112.39

Mpac Group's Days Payable declined from Dec. 2022 (137.69) to Dec. 2023 (131.28). It may suggest that Mpac Group accelerated paying its suppliers.

Mpac Group Days Payable Historical Data

The historical data trend for Mpac 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.

* Premium members only.

Mpac Group Days Payable Chart

Mpac Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 104.62 135.19 72.27 69.96 72.25

Mpac Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 114.32 109.55 137.69 133.70 131.28

Competitive Comparison of Mpac Group's Days Payable

For the Specialty Industrial Machinery subindustry, Mpac 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.

Mpac Group's Days Payable Distribution in the Industrial Products Industry

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

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


Mpac 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.

Mpac Group'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
=( (15.3 + 17.4) / 2 ) / 82.6*365
=16.35 / 82.6*365
=72.25

Mpac 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: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (43.6 + 17.4) / 2 ) / 42.4*365 / 2
=30.5 / 42.4*365 / 2
=131.28

* 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.

Mpac Group Days Payable Related Terms

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Mpac Group (LSE:MPAC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mpac Group PLC (LSE:MPAC) » Definitions » Days Payable
Comparable Companies
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Traded in Other Exchanges
N/A
Address
Station Road, Station Estate, Tadcaster, North Yorkshire, GBR, LS24 9SG
Website
https://www.mpac-group.com
Mpac Group PLC is a technology and services company that provides specialist technology and services. It offers high-performance instrumentation, machinery, and analytical services to the Food and Beverage, healthcare and pharmaceutical, and other sectors. The company has two reportable segments namely the Original Equipment segment generates revenue from the make, pack, and test of high-speed packaging solutions, first-of-kind machinery and high specification automation, secondary packaging equipment, and at-line instrumentation solutions. Its Service segment generates revenue from sales of spare parts and providing service engineers and support staff customers. Geographically, it has a presence in (EMEA) Europe, Africa, the Middle East, the United States, and the Asia Pacific.