Metal Storm (Metal Storm) Days Payable : 12,520.61 (As of Dec. 2011)

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What is Metal Storm Days Payable?

Metal Storm's average Accounts Payable for the six months ended in Dec. 2011 was $1.13 Mil. Metal Storm's Cost of Goods Sold for the six months ended in Dec. 2011 was $0.03 Mil. Hence, Metal Storm's Days Payable for the six months ended in Dec. 2011 was 6,260.30.

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

MTSXY's Days Payable is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 77.56
* Ranked among companies with meaningful Days Payable only.

Metal Storm's Days Payable increased from Dec. 2009 (2,674.48) to Dec. 2011 (12,520.61). It may suggest that Metal Storm delayed paying its suppliers.

Metal Storm Days Payable Historical Data

The historical data trend for Metal Storm'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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Metal Storm Days Payable Chart

Metal Storm Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Days Payable

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46.01

6,213.20

2,674.48

613.41

12,520.61

Metal Storm Semi-Annual Data
	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11
Days Payable	Get a 7-Day Free Trial							46.01	6,213.20	2,674.48	613.41	12,520.61

Competitive Comparison of Metal Storm's Days Payable

For the Aerospace & Defense subindustry, Metal Storm'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.

Metal Storm's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Metal Storm's Days Payable distribution charts can be found below:

* The bar in red indicates where Metal Storm's Days Payable falls into.

Metal Storm 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.

Metal Storm's Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

	Days Payable (A: Dec. 2011 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2010 )	+	Accounts Payable (A: Dec. 2011 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2011 )	*	Days in Period
=	( (1.179	+	1.085)	/	2 )	/	0.033	*	365
=	1.132					/	0.033	*	365
=	12,520.61

Metal Storm's Days Payable for the quarter that ended in Dec. 2011 is calculated as:

	Days Payable (Q: Dec. 2011 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2010 )	+	Accounts Payable (Q: Dec. 2011 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2011 )	*	Days in Period
=	( (1.179	+	1.085)	/	2 )	/	0.033	*	365 / 2
=	1.132					/	0.033	*	365 / 2
=	6,260.30

Metal Storm Days Payable Related Terms

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Metal Storm (Metal Storm) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Metal Storm Ltd (OTCPK:MTSXY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.metalstorm.com

Metal Storm Ltd is incorporated under the laws of Australia on April 13, 1994. The company is a defence technology company engaged in the development of electronically initiated ballistics systems using its stacked round technology. Its technology is an electronically initiated, stacked projectile system which removes the mechanical steps required to fire a conventional weapon. Effectively, the only parts that move in Metal Storm's technology are the projectiles contained within the barrels. Multiple projectiles are stacked in a barrel, each separated by a propellant load. Its products include 3GL - 3 shot grenade launcher, FireStorm, MAUL, Redback, Munitions and Component weapon systems. The company also provides Research and Development as well as Consulting and Integration Services.

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