Meritage Hospitality Group (Meritage Hospitality Group) Days Payable : 20.10 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Meritage Hospitality Group Days Payable?

Meritage Hospitality Group's average Accounts Payable for the three months ended in Dec. 2023 was $21.8 Mil. Meritage Hospitality Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $99.0 Mil. Hence, Meritage Hospitality Group's Days Payable for the three months ended in Dec. 2023 was 20.10.

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

MHGU' s Days Payable Range Over the Past 10 Years
Min: 21.06 Med: 24.9 Max: 29.32
Current: 21.06

During the past 13 years, Meritage Hospitality Group's highest Days Payable was 29.32. The lowest was 21.06. And the median was 24.90.

MHGU's Days Payable is ranked worse than
81.76% of 340 companies
in the Restaurants industry
Industry Median: 38.325 vs MHGU: 21.06

Meritage Hospitality Group's Days Payable declined from Dec. 2022 (24.50) to Dec. 2023 (20.10). It may suggest that Meritage Hospitality Group accelerated paying its suppliers.

Meritage Hospitality Group Days Payable Historical Data

The historical data trend for Meritage Hospitality 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.

Meritage Hospitality Group Days Payable Chart

Meritage Hospitality Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

26.42

24.49

21.12

24.50

23.11

Meritage Hospitality Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															24.50	23.98	19.00	19.30	20.10

Competitive Comparison of Meritage Hospitality Group's Days Payable

For the Restaurants subindustry, Meritage Hospitality 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.

Meritage Hospitality Group's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Meritage Hospitality Group's Days Payable distribution charts can be found below:

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

Meritage Hospitality 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.

Meritage Hospitality 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
=	( (28.445	+	21.958)	/	2 )	/	398.055	*	365
=	25.2015					/	398.055	*	365
=	23.11

Meritage Hospitality 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21.667	+	21.958)	/	2 )	/	99.028	*	365 / 4
=	21.8125					/	99.028	*	365 / 4
=	20.10

Meritage Hospitality Group Days Payable Related Terms

Thank you for viewing the detailed overview of Meritage Hospitality Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Meritage Hospitality Group (Meritage Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Meritage Hospitality Group Inc (OTCPK:MHGU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MHGUP.PFD:USA

Address

45 Ottawa Avenue SW, Suite 600, Grand Rapids, MI, USA, 49503

Website

http://www.meritagehospitality.com

Meritage Hospitality Group Inc is one of the nation's premier restaurant operators, with more than 300 restaurants in operation located in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia.

Executives

Duane F Kluting	director	3100 44TH STREET SW, GRANDVILLE MI 49418
Roger L Zingle	officer: Chief Operating Officer	6132 PICKWOOD DRIVE, WEST BLOOMFIELD MI 48322
Gary A Rose	officer: VP, CFO & Treasurer	223 EAST MT. GARFIELD ROAD, NORTON SHORES MI 49441
Robert E. Schermer Revocable Living Trust U/a Dated 4/28/97	10 percent owner	C/O ROBERT W. BAIRD & CO. INC., 333 BRIDGE STREET, N.W., SUITE 1000, GRAND RAPIDS MI 49504
Gulis Stephen L Jr	director	9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
James R Saalfeld	officer: VP, Secretary and Treasurer	MERITAGE HOSPITALITY GROUP INC, 1971 EAST BELTLINE AVE, N.E., STE. 200, GRAND RAPIDS MI 49525
Robert H Potts	officer: Vice President of Real Estate	1971 EAST BELTLINE AVE NE, GRAND RAPIDS MI 49525
Schermer Robert E Jr	director, 10 percent owner, officer: Chief Executive Officer	1971 EAST BELTLINE AVE, N.E., SUITE 200, GRAND RAPIDS MI 49525
Robert E Riley	director, 10 percent owner, officer: President	40 PEARL STREET NW, SUITE 900, GRAND RAPIDS MI 49503
James P Bishop	director	4230 SOUTH WESTNEDGE, KALAMAZOO MI 49006
Schermer Robert E Sr	director, 10 percent owner, officer: Chairman of the Board	C/O ROBERT W BLAIR & CO. INC., 333 BRIDGE STREET, SUITE 1000, GRAND RAPIDS MI 49504
Joseph L Maggini	director	4242 CLAY STREET SW, GRAND RAPIDS MI 49548
Brian N Mcmahon	director	542 TONBRIDGE COURT, PERRYSBURG OH 43551