Monarch Cement Co (Monarch Cement Co) Days Payable : 16.92 (As of Sep. 2023)

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What is Monarch Cement Co Days Payable?

Monarch Cement Co's average Accounts Payable for the three months ended in Sep. 2023 was $8.45 Mil. Monarch Cement Co's Cost of Goods Sold for the three months ended in Sep. 2023 was $45.59 Mil. Hence, Monarch Cement Co's Days Payable for the three months ended in Sep. 2023 was 16.92.

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

MCEM' s Days Payable Range Over the Past 10 Years
Min: 16.92 Med: 19.64 Max: 67.69
Current: 67.69

During the past 13 years, Monarch Cement Co's highest Days Payable was 67.69. The lowest was 16.92. And the median was 19.64.

MCEM's Days Payable is ranked worse than
50.13% of 371 companies
in the Building Materials industry
Industry Median: 67.69 vs MCEM: 67.69

Monarch Cement Co's Days Payable declined from Dec. 2017 (19.03) to Sep. 2023 (16.92). It may suggest that Monarch Cement Co accelerated paying its suppliers.

Monarch Cement Co Days Payable Historical Data

The historical data trend for Monarch Cement 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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Monarch Cement Co Days Payable Chart

Monarch Cement Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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29.94

24.24

23.05

16.92

18.29

Monarch Cement Co Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep22	Sep23
Days Payable	Get a 7-Day Free Trial															19.03	24.35	20.36	14.70	16.92

Competitive Comparison of Monarch Cement Co's Days Payable

For the Building Materials subindustry, Monarch Cement 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.

Monarch Cement Co's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Monarch Cement Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Monarch Cement Co's Days Payable falls into.

Monarch Cement 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.

Monarch Cement Co's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (5.655	+	6.278)	/	2 )	/	119.053	*	365
=	5.9665					/	119.053	*	365
=	18.29

Monarch Cement Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	8.454)	/	1 )	/	45.585	*	365 / 4
=	8.454					/	45.585	*	365 / 4
=	16.92

Monarch Cement Co Days Payable Related Terms

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Monarch Cement Co (Monarch Cement Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Monarch Cement Co (OTCPK:MCEM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

449 1200 Street, P.O. Box 1000, Humboldt, KS, USA, 66748-0900

Website

https://www.monarchcement.com

Monarch Cement Co is principally engaged in the manufacture and sale of portland cement. The company's subsidiaries together are engaged in the ready-mixed concrete, concrete products, and sundry building materials business. Ready-mixed concrete is manufactured by combining aggregates with portland cement, water and chemical admixtures in batch plants. It is then loaded into mixer trucks and mixed in transit to the construction site where it is delivered to the contractor. The company groups its operations into two lines of business: Cement Business and Ready-Mixed Concrete Business, of which key revenue is derived from the Cement business segment.

Monarch Cement Co (Monarch Cement Co) Headlines

From GuruFocus

Monarch Cement: No Moat

By Mark Lin Mark Lin • 12-05-2012