Mayfield Group Holdings (ASX:MYG) Days Payable : 40.62 (As of Dec. 2023)

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What is Mayfield Group Holdings Days Payable?

Mayfield Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was A$4.09 Mil. Mayfield Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$18.37 Mil. Hence, Mayfield Group Holdings's Days Payable for the six months ended in Dec. 2023 was 40.62.

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

ASX:MYG' s Days Payable Range Over the Past 10 Years
Min: 30.48 Med: 334.38 Max: 4035.09
Current: 45.11

During the past 13 years, Mayfield Group Holdings's highest Days Payable was 4035.09. The lowest was 30.48. And the median was 334.38.

ASX:MYG's Days Payable is ranked worse than
72.61% of 2424 companies
in the Hardware industry
Industry Median: 68.08 vs ASX:MYG: 45.11

Mayfield Group Holdings's Days Payable increased from Dec. 2022 (38.56) to Dec. 2023 (40.62). It may suggest that Mayfield Group Holdings delayed paying its suppliers.

Mayfield Group Holdings Days Payable Historical Data

The historical data trend for Mayfield Group Holdings'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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Mayfield Group Holdings Days Payable Chart

Mayfield Group Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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52.19

46.32

30.48

Mayfield Group Holdings 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															52.93	44.94	38.56	41.75	40.62

Competitive Comparison of Mayfield Group Holdings's Days Payable

For the Communication Equipment subindustry, Mayfield Group Holdings'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.

Mayfield Group Holdings's Days Payable Distribution in the Hardware Industry

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

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

Mayfield Group Holdings 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.

Mayfield Group Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (3.191	+	2.835)	/	2 )	/	36.08	*	365
=	3.013					/	36.08	*	365
=	30.48

Mayfield Group Holdings'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
=	( (2.835	+	5.341)	/	2 )	/	18.368	*	365 / 2
=	4.088					/	18.368	*	365 / 2
=	40.62

Mayfield Group Holdings Days Payable Related Terms

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Mayfield Group Holdings (ASX:MYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mayfield Group Holdings Ltd (ASX:MYG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Gidgie Court, Edinburgh, Adelaide, SA, AUS, 5111

Website

https://www.mayfieldgroup.com.au

Mayfield Group Holdings Ltd is engaged in the provision of electrical and telecommunications products and services. It also includes construction services for electrical infrastructure, and maintenance services of electrical infrastructure.

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