Minh Phu Seafood Group (STC:MPC) Days Payable : 18.31 (As of Mar. 2024)

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What is Minh Phu Seafood Group Days Payable?

Minh Phu Seafood Group's average Accounts Payable for the three months ended in Mar. 2024 was ₫502,353 Mil. Minh Phu Seafood Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫2,504,077 Mil. Hence, Minh Phu Seafood Group's Days Payable for the three months ended in Mar. 2024 was 18.31.

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

STC:MPC' s Days Payable Range Over the Past 10 Years
Min: 5.09 Med: 10.44 Max: 16.54
Current: 16.54

During the past 13 years, Minh Phu Seafood Group's highest Days Payable was 16.54. The lowest was 5.09. And the median was 10.44.

STC:MPC's Days Payable is ranked worse than
90.26% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs STC:MPC: 16.54

Minh Phu Seafood Group's Days Payable declined from Mar. 2023 (18.37) to Mar. 2024 (18.31). It may suggest that Minh Phu Seafood Group accelerated paying its suppliers.

Minh Phu Seafood Group Days Payable Historical Data

The historical data trend for Minh Phu Seafood 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.

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Minh Phu Seafood Group Days Payable Chart

Minh Phu Seafood Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

6.83

5.09

8.59

10.45

15.36

Minh Phu Seafood Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															18.37	18.12	15.83	13.50	18.31

Competitive Comparison of Minh Phu Seafood Group's Days Payable

For the Packaged Foods subindustry, Minh Phu Seafood 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.

Minh Phu Seafood Group's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Minh Phu Seafood Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Minh Phu Seafood Group's Days Payable falls into.

Minh Phu Seafood 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.

Minh Phu Seafood 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
=	( (430745.57	+	383859.417)	/	2 )	/	9677730.24	*	365
=	407302.4935					/	9677730.24	*	365
=	15.36

Minh Phu Seafood Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (383859.417	+	620846.715)	/	2 )	/	2504076.736	*	365 / 4
=	502353.066					/	2504076.736	*	365 / 4
=	18.31

Minh Phu Seafood Group Days Payable Related Terms

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Minh Phu Seafood Group (STC:MPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Minh Phu Seafood Group Corp (STC:MPC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MPC:Vietnam

Address

Industrial Zone, Ward 8, Ca Mau Province, Ca Mau, VNM

Website

http://www.minhphu.com

Minh Phu Seafood Group Corp is involved in the business of processing and exporting seafood. The company provides feeding shrimps, biological products, and commercial shrimps. The activity of the company is to process and trade in aquatic breeds and aquatic foods; and to trade in machinery and equipment for aquaculture. It operates in four business segments: aquaculture products breeding; aquatic products processing; aquatic products trading and Others.