Matex International (SGX:M15) Days Payable : 32.42 (As of Dec. 2023)

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What is Matex International Days Payable?

Matex International's average Accounts Payable for the six months ended in Dec. 2023 was S$0.59 Mil. Matex International's Cost of Goods Sold for the six months ended in Dec. 2023 was S$3.30 Mil. Hence, Matex International's Days Payable for the six months ended in Dec. 2023 was 32.42.

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

SGX:M15' s Days Payable Range Over the Past 10 Years
Min: 26.2 Med: 40.86 Max: 75.73
Current: 37.35

During the past 13 years, Matex International's highest Days Payable was 75.73. The lowest was 26.20. And the median was 40.86.

SGX:M15's Days Payable is ranked worse than
73.37% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs SGX:M15: 37.35

Matex International's Days Payable declined from Dec. 2022 (37.65) to Dec. 2023 (32.42). It may suggest that Matex International accelerated paying its suppliers.

Matex International Days Payable Historical Data

The historical data trend for Matex 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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Matex International Days Payable Chart

Matex International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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59.86

75.73

37.83

28.98

26.20

Matex International 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															36.84	44.55	37.65	57.13	32.42

Competitive Comparison of Matex International's Days Payable

For the Specialty Chemicals subindustry, Matex 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.

Matex International's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Matex International's Days Payable distribution charts can be found below:

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

Matex 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.

Matex 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
=	( (0.59	+	0.235)	/	2 )	/	5.746	*	365
=	0.4125					/	5.746	*	365
=	26.20

Matex 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
=	( (0.939	+	0.235)	/	2 )	/	3.304	*	365 / 2
=	0.587					/	3.304	*	365 / 2
=	32.42

Matex International Days Payable Related Terms

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Matex International (SGX:M15) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Matex International Ltd (SGX:M15) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1003, Bukit Merah Central, No. 01-10, Inno Centre, Singapore, SGP, 159836

Website

https://www.matex.com.sg

Matex International Ltd is a manufacturer, supplier, and agent of dyestuffs and auxiliary chemicals, color measurement, and computer-aided systems to the textile industry. Its geographic segments are the PRC and other Asia Pacific Countries. The company's key products include Megafix RE Series- Low-Temp Exhaust Dyeing, Megaperse CF- One Bath Scouring/Bleaching/Dyeing, and Megaperse SP- High Fastness dyes for Polyester Spandex & Blends.

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