Mermeren Kombinat AD (ATH:MERKO) Days Payable : 42.53 (As of Mar. 2024)

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What is Mermeren Kombinat AD Days Payable?

Mermeren Kombinat AD's average Accounts Payable for the three months ended in Mar. 2024 was €0.93 Mil. Mermeren Kombinat AD's Cost of Goods Sold for the three months ended in Mar. 2024 was €1.99 Mil. Hence, Mermeren Kombinat AD's Days Payable for the three months ended in Mar. 2024 was 42.53.

The historical rank and industry rank for Mermeren Kombinat AD's Days Payable or its related term are showing as below:

ATH:MERKO' s Days Payable Range Over the Past 10 Years
Min: 21.95 Med: 32.79 Max: 71.26
Current: 26.08

During the past 13 years, Mermeren Kombinat AD's highest Days Payable was 71.26. The lowest was 21.95. And the median was 32.79.

ATH:MERKO's Days Payable is ranked worse than
88.21% of 1069 companies
in the Metals & Mining industry
Industry Median: 138.32 vs ATH:MERKO: 26.08

Mermeren Kombinat AD's Days Payable increased from Mar. 2023 (24.69) to Mar. 2024 (42.53). It may suggest that Mermeren Kombinat AD delayed paying its suppliers.

Mermeren Kombinat AD Days Payable Historical Data

The historical data trend for Mermeren Kombinat AD'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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Mermeren Kombinat AD Days Payable Chart

Mermeren Kombinat AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.58

34.32

27.08

21.94

28.01

Mermeren Kombinat AD Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															24.69	19.60	18.66	30.19	42.53

Competitive Comparison of Mermeren Kombinat AD's Days Payable

For the Other Industrial Metals & Mining subindustry, Mermeren Kombinat AD'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.

Mermeren Kombinat AD's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mermeren Kombinat AD's Days Payable distribution charts can be found below:

* The bar in red indicates where Mermeren Kombinat AD's Days Payable falls into.

Mermeren Kombinat AD 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.

Mermeren Kombinat AD'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
=	( (0.658	+	0.926)	/	2 )	/	10.319	*	365
=	0.792					/	10.319	*	365
=	28.01

Mermeren Kombinat AD's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.926	+	0)	/	1 )	/	1.987	*	365 / 4
=	0.926					/	1.987	*	365 / 4
=	42.53

Mermeren Kombinat AD Days Payable Related Terms

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Mermeren Kombinat AD (ATH:MERKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mermeren Kombinat AD (ATH:MERKO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lece Koteski No.60A, Prilep, MKD, 7500

Website

http://www.mermeren.com

Mermeren Kombinat AD is a company engaged in the mining, processing, and distribution of marble and decorative stones. Its products are used in high-end projects, including mosques, hotels, palaces, commercial and residential buildings, villas and artworks. The business activity of the group functions through Quarry and Factory segments. It generates a vast majority of revenue from the Quarry segment. Geographically, the business presences of the firm are seen in North Macedonia, China, Hong Kong, Greece, Italy, Balkan, and other regions.

Mermeren Kombinat AD (ATH:MERKO) Headlines

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