Mig Holdings (Mig Holdings) Days Payable : 75.85 (As of Dec. 2023)

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What is Mig Holdings Days Payable?

Mig Holdings's average Accounts Payable for the six months ended in Dec. 2023 was $0.74 Mil. Mig Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.78 Mil. Hence, Mig Holdings's Days Payable for the six months ended in Dec. 2023 was 75.85.

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

MRFGF' s Days Payable Range Over the Past 10 Years
Min: 69.5 Med: 95.78 Max: 1836.78
Current: 77.62

During the past 13 years, Mig Holdings's highest Days Payable was 1836.78. The lowest was 69.50. And the median was 95.78.

MRFGF's Days Payable is ranked worse than
56.06% of 1577 companies
in the Real Estate industry
Industry Median: 96.82 vs MRFGF: 77.62

Mig Holdings's Days Payable declined from Dec. 2022 (3,178.50) to Dec. 2023 (75.85). It may suggest that Mig Holdings accelerated paying its suppliers.

Mig Holdings Days Payable Historical Data

The historical data trend for Mig 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.

* Premium members only.

Mig Holdings Days Payable Chart

Mig Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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139.11

101.86

1,592.76

1,957.21

94.38

Mig 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															-	4,592.73	3,178.50	60.40	75.85

Competitive Comparison of Mig Holdings's Days Payable

For the Real Estate Services subindustry, Mig 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.

Mig Holdings's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mig Holdings's Days Payable distribution charts can be found below:

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

Mig 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.

Mig Holdings'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
=	( (0.748	+	1.079)	/	2 )	/	3.533	*	365
=	0.9135					/	3.533	*	365
=	94.38

Mig 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
=	( (0.403	+	1.079)	/	2 )	/	1.783	*	365 / 2
=	0.741					/	1.783	*	365 / 2
=	75.85

Mig Holdings Days Payable Related Terms

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Mig Holdings (Mig Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mig Holdings SA (OTCPK:MRFGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MIG:Greece M3K0:Germany

Address

El. Venizelou 10, Athens, GRC, 106 71

Website

http://www.marfininvestmentgroup.com

Mig Holdings SA is an investment holding company. Through its subsidiaries, the company operates its business in various segments which include Transportation, Financial Services, Real Estate, and Others. The majority of the company's revenues are generated through the Real Estate segment. This activity consists of the purchase of real estate and exercising ownership of that real estate. Geographically, it operates in Greece, European Countries, and Other countries, out of which the majority is from European countries.

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