Magazine Luiza (BSP:MGLU3) Days Payable : 123.78 (As of Dec. 2023)

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What is Magazine Luiza Days Payable?

Magazine Luiza's average Accounts Payable for the three months ended in Dec. 2023 was R$10,965 Mil. Magazine Luiza's Cost of Goods Sold for the three months ended in Dec. 2023 was R$8,083 Mil. Hence, Magazine Luiza's Days Payable for the three months ended in Dec. 2023 was 123.78.

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

BSP:MGLU3' s Days Payable Range Over the Past 10 Years
Min: 88.62 Med: 122.87 Max: 153.65
Current: 138.92

During the past 13 years, Magazine Luiza's highest Days Payable was 153.65. The lowest was 88.62. And the median was 122.87.

BSP:MGLU3's Days Payable is ranked better than
84.97% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.405 vs BSP:MGLU3: 138.92

Magazine Luiza's Days Payable increased from Dec. 2022 (123.51) to Dec. 2023 (123.78). It may suggest that Magazine Luiza delayed paying its suppliers.

Magazine Luiza Days Payable Historical Data

The historical data trend for Magazine Luiza'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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Magazine Luiza Days Payable Chart

Magazine Luiza Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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127.85

127.71

141.26

153.65

152.19

Magazine Luiza 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															123.51	135.87	133.59	154.30	123.78

Competitive Comparison of Magazine Luiza's Days Payable

For the Specialty Retail subindustry, Magazine Luiza'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.

Magazine Luiza's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Magazine Luiza's Days Payable distribution charts can be found below:

* The bar in red indicates where Magazine Luiza's Days Payable falls into.

Magazine Luiza 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.

Magazine Luiza'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
=	( (11095.9	+	11089.221)	/	2 )	/	26604.266	*	365
=	11092.5605					/	26604.266	*	365
=	152.19

Magazine Luiza'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
=	( (10840.563	+	11089.221)	/	2 )	/	8083.442	*	365 / 4
=	10964.892					/	8083.442	*	365 / 4
=	123.78

Magazine Luiza Days Payable Related Terms

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Magazine Luiza (BSP:MGLU3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Magazine Luiza SA (BSP:MGLU3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MGLUY:USA

Address

Rua Arnulfo de Lima, 2385 - Vila Santa Cruz, Franca, SP, BRA, 14403-471

Website

https://www.magazineluiza.com.br

Magazine Luiza SA is a retailing company in Brazil. Its core products are home appliances, personal electronics, and furniture, which are supplied through physical and virtual stores. Its operations include four segments, Retail segment, Financial operations, Insurance operations and Other services. The company derives maximum revenue from Retail segment.

Magazine Luiza (BSP:MGLU3) Headlines

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