Mingteng International (Mingteng International) Days Payable : 61.02 (As of Dec. 2023)

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What is Mingteng International Days Payable?

Mingteng International's average Accounts Payable for the six months ended in Dec. 2023 was $0.92 Mil. Mingteng International's Cost of Goods Sold for the six months ended in Dec. 2023 was $2.76 Mil. Hence, Mingteng International's Days Payable for the six months ended in Dec. 2023 was 61.02.

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

MTEN' s Days Payable Range Over the Past 10 Years
Min: 57.09 Med: 82.13 Max: 290.87
Current: 64.53

During the past 4 years, Mingteng International's highest Days Payable was 290.87. The lowest was 57.09. And the median was 82.13.

MTEN's Days Payable is ranked worse than
59.16% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs MTEN: 64.53

Mingteng International's Days Payable increased from Dec. 2022 (55.60) to Dec. 2023 (61.02). It may suggest that Mingteng International delayed paying its suppliers.

Mingteng International Days Payable Historical Data

The historical data trend for Mingteng International'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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Mingteng International Days Payable Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

290.87

97.39

57.09

66.86

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			43.58	44.00	55.60	66.52	61.02

Competitive Comparison of Mingteng International's Days Payable

For the Metal Fabrication subindustry, Mingteng International'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.

Mingteng International's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mingteng International's Days Payable distribution charts can be found below:

* The bar in red indicates where Mingteng International's Days Payable falls into.

Mingteng International 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.

Mingteng International'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
=	( (0.718	+	1.053)	/	2 )	/	4.834	*	365
=	0.8855					/	4.834	*	365
=	66.86

Mingteng International'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
=	( (0.794	+	1.053)	/	2 )	/	2.762	*	365 / 2
=	0.9235					/	2.762	*	365 / 2
=	61.02

Mingteng International Days Payable Related Terms

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Mingteng International (Mingteng International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International (Mingteng International) Headlines

From GuruFocus

Mingteng International Corporation Inc. Announces Pricing of Initial Public Offering

By Marketwired • 04-18-2024