MIND Technology (MIND Technology) Days Payable

: 60.13 (As of Oct. 2023)

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MIND Technology's average Accounts Payable for the three months ended in Oct. 2023 was $1.79 Mil. MIND Technology's Cost of Goods Sold for the three months ended in Oct. 2023 was $2.72 Mil. Hence, MIND Technology's Days Payable for the three months ended in Oct. 2023 was 60.13.

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

MIND' s Days Payable Range Over the Past 10 Years
Min: 13.84 Med: 37.78 Max: 53.65
Current: 35.32

During the past 13 years, MIND Technology's highest Days Payable was 53.65. The lowest was 13.84. And the median was 37.78.

MIND's Days Payable is ranked worse than
83.5% of 2418 companies
in the Hardware industry
Industry Median: 67.985 vs MIND: 35.32

MIND Technology's Days Payable declined from Oct. 2022 (139.45) to Oct. 2023 (60.13). It may suggest that MIND Technology accelerated paying its suppliers.

MIND Technology Days Payable Historical Data

The historical data trend for MIND Technology'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.

MIND Technology Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

16.41

35.51

45.55

40.06

50.72

MIND Technology Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable																139.45	32.42	33.77	30.50	60.13

Competitive Comparison

For the Scientific & Technical Instruments subindustry, MIND Technology'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.

MIND Technology Days Payable Distribution

For the Hardware industry and Technology sector, MIND Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where MIND Technology's Days Payable falls into.

MIND Technology 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.

MIND Technology's Days Payable for the fiscal year that ended in Jan. 2023 is calculated as

	Days Payable (A: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2022 )	+	Accounts Payable (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (2.046	+	4.101)	/	2 )	/	22.116	*	365
=	3.0735					/	22.116	*	365
=	50.72

MIND Technology's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (2.459	+	1.127)	/	2 )	/	2.721	*	365 / 4
=	1.793					/	2.721	*	365 / 4
=	60.13

MIND Technology Days Payable Related Terms

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MIND Technology (MIND Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIND Technology Inc (NAS:MIND) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MINDP.PFD:USA

Address

2002 Timberloch Place, Suite 550, The Woodlands, TX, USA, 77380

Website

https://www.mind-technology.com

MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The Company operates in segments namely, Seamap Marine Products and Klein Marine Products helps manufacture and sell specialized, high-performance sonar and seismic equipment. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; Europe, Russia & CIS; Middle East & Africa; Asia-Pacific; and Canada & Latin America.

Executives

Peter H Blum	director	999 18TH STREET, STE 1700, DENVER CO 80202
Alan Perry Baden	director	2635 SUTTON COURT, HOUSTON TX 77027
Nancy Jean Harned	director	2704 CHESTER FOREST COURT, VIRGINIA BEACH VA 23452
Thomas S Glanville	director	2818 N SULLIVAN ROAD, SPOLANE WA 99216
Mark Alan Cox	officer: Principal Accounting Officer	1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Guy Malden	officer: Co-CEO and EVP	P O BOX 1175, HUNTSVILLE TX 77342
Marcus C Rowland	director	920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Robert John Albers	director	2171 LOMA LINDA DRIVE, PAGOSA SPRINGS CO 81147
Robert P Capps	director, officer: Co-CEO and CFO
Dennis Patrick Morris	officer: Chief Operating Officer	7026 TEAL LOOP, GIG HARBOR WA 98335
William Hunter Hilarides	director	10710 OX CROFT CT., FAIRFAX STATION VA 22039
Midwood Capital Management Llc	10 percent owner	575 BOYLSON ST., 4TH FLOOR, BOSTON MA 02116
Paul Guy Rogers	officer: VP - Business Development
John F Schwalbe	director
R Dean Lewis	director