Migdalor- Alternative Products (XTAE:MGDA) Days Payable : 9.43 (As of Jun. 2023)

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What is Migdalor- Alternative Products Days Payable?

Migdalor- Alternative Products's average Accounts Payable for the six months ended in Jun. 2023 was ₪0.08 Mil. Migdalor- Alternative Products's Cost of Goods Sold for the six months ended in Jun. 2023 was ₪1.57 Mil. Hence, Migdalor- Alternative Products's Days Payable for the six months ended in Jun. 2023 was 9.43.

The historical rank and industry rank for Migdalor- Alternative Products's Days Payable or its related term are showing as below:

XTAE:MGDA' s Days Payable Range Over the Past 10 Years
Min: 5.3 Med: 6.16 Max: 8.67
Current: 8.67

During the past 5 years, Migdalor- Alternative Products's highest Days Payable was 8.67. The lowest was 5.30. And the median was 6.16.

XTAE:MGDA's Days Payable is not ranked
in the Asset Management industry.
Industry Median: 70.455 vs XTAE:MGDA: 8.67

Migdalor- Alternative Products's Days Payable increased from Jun. 2022 (5.76) to Jun. 2023 (9.43). It may suggest that Migdalor- Alternative Products delayed paying its suppliers.

Migdalor- Alternative Products Days Payable Historical Data

The historical data trend for Migdalor- Alternative Products'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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Migdalor- Alternative Products Days Payable Chart

Migdalor- Alternative Products Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

7.30

5.99

5.30

6.32

Migdalor- Alternative Products Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial				4.59	4.72	5.76	6.82	9.43

Competitive Comparison of Migdalor- Alternative Products's Days Payable

For the Asset Management subindustry, Migdalor- Alternative Products'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.

Migdalor- Alternative Products's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Migdalor- Alternative Products's Days Payable distribution charts can be found below:

* The bar in red indicates where Migdalor- Alternative Products's Days Payable falls into.

Migdalor- Alternative Products 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.

Migdalor- Alternative Products's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.258	+	0.06)	/	2 )	/	9.183	*	365
=	0.159					/	9.183	*	365
=	6.32

Migdalor- Alternative Products's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.06	+	0.102)	/	2 )	/	1.568	*	365 / 2
=	0.081					/	1.568	*	365 / 2
=	9.43

Migdalor- Alternative Products Days Payable Related Terms

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Migdalor- Alternative Products (XTAE:MGDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Migdalor- Alternative Products Ltd (XTAE:MGDA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Gazit street, Petah Tikva, ISR, 4927987

Website

http://www.migdalor-group.com

Migdalor- Alternative Products Ltd develops a wide range of investment products in a variety of platforms and fields. It allows clients to build an optimal alternative investment portfolio while maintaining the return/risk ratio that suits their needs. Its investment products include Real estate-backed transactions in debt or equity tracks, Hedge funds, and Low-risk funds that maximize return.

Migdalor- Alternative Products (XTAE:MGDA) Headlines

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