Minth Group (FRA:M3I) Days Payable : 98.97 (As of Dec. 2023)

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What is Minth Group Days Payable?

Minth Group's average Accounts Payable for the six months ended in Dec. 2023 was €537 Mil. Minth Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €991 Mil. Hence, Minth Group's Days Payable for the six months ended in Dec. 2023 was 98.97.

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

FRA:M3I' s Days Payable Range Over the Past 10 Years
Min: 58.51 Med: 88.97 Max: 97.74
Current: 97.74

During the past 13 years, Minth Group's highest Days Payable was 97.74. The lowest was 58.51. And the median was 88.97.

FRA:M3I's Days Payable is ranked better than
71.25% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.87 vs FRA:M3I: 97.74

Minth Group's Days Payable increased from Dec. 2022 (78.61) to Dec. 2023 (98.97). It may suggest that Minth Group delayed paying its suppliers.

Minth Group Days Payable Historical Data

The historical data trend for Minth 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.

Minth Group Days Payable Chart

Minth Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.23

98.32

87.58

89.05

98.98

Minth Group 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															75.92	91.70	78.61	98.16	98.97

Competitive Comparison of Minth Group's Days Payable

For the Auto Parts subindustry, Minth 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.

Minth Group's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Minth Group's Days Payable distribution charts can be found below:

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

Minth 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.

Minth 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
=	( (479.548	+	558.357)	/	2 )	/	1913.79	*	365
=	518.9525					/	1913.79	*	365
=	98.98

Minth 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (516.565	+	558.357)	/	2 )	/	991.078	*	365 / 2
=	537.461					/	991.078	*	365 / 2
=	98.97

Minth Group Days Payable Related Terms

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Minth Group (FRA:M3I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Minth Group Ltd (FRA:M3I) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MNTHY:USA MNTHF:USA 00425:Hong Kong M3I:Germany

Address

No. 1 Yazhong Road, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.minthgroup.com

Minth Group Ltd is an investment holding company with its subsidiaries engaged in the design, manufacturing, processing, developing, and sales of automobile body parts and moulds for passenger cars. It operates in five segments: Aluminium, Plastic, Battery housing, Metal & Trim, and Others. Some of its products consist of trims, decorative parts, body-structural parts, seat frame systems, roof racks, and others. Its geographical operations are located in the PRC, the United States of America (the USA), Japan, Thailand, Germany, Serbia, and Mexico.

Minth Group (FRA:M3I) Headlines

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