Matrix Composites & Engineering (ASX:MCE) Days Payable : 38.61 (As of Dec. 2023)

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What is Matrix Composites & Engineering Days Payable?

Matrix Composites & Engineering's average Accounts Payable for the six months ended in Dec. 2023 was A$4.93 Mil. Matrix Composites & Engineering's Cost of Goods Sold for the six months ended in Dec. 2023 was A$23.28 Mil. Hence, Matrix Composites & Engineering's Days Payable for the six months ended in Dec. 2023 was 38.61.

The historical rank and industry rank for Matrix Composites & Engineering's Days Payable or its related term are showing as below:

ASX:MCE' s Days Payable Range Over the Past 10 Years
Min: 13.77 Med: 27.3 Max: 44.42
Current: 33.47

During the past 13 years, Matrix Composites & Engineering's highest Days Payable was 44.42. The lowest was 13.77. And the median was 27.30.

ASX:MCE's Days Payable is ranked worse than
85.66% of 1604 companies
in the Construction industry
Industry Median: 74.18 vs ASX:MCE: 33.47

Matrix Composites & Engineering's Days Payable declined from Dec. 2022 (46.90) to Dec. 2023 (38.61). It may suggest that Matrix Composites & Engineering accelerated paying its suppliers.

Matrix Composites & Engineering Days Payable Historical Data

The historical data trend for Matrix Composites & Engineering'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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Matrix Composites & Engineering Days Payable Chart

Matrix Composites & Engineering Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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34.20

38.50

24.69

15.50

13.77

Matrix Composites & Engineering 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															42.18	39.27	46.90	20.95	38.61

Competitive Comparison of Matrix Composites & Engineering's Days Payable

For the Engineering & Construction subindustry, Matrix Composites & Engineering'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.

Matrix Composites & Engineering's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Matrix Composites & Engineering's Days Payable distribution charts can be found below:

* The bar in red indicates where Matrix Composites & Engineering's Days Payable falls into.

Matrix Composites & Engineering 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.

Matrix Composites & Engineering's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.064	+	2.076)	/	2 )	/	41.616	*	365
=	1.57					/	41.616	*	365
=	13.77

Matrix Composites & Engineering'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
=	( (2.076	+	7.774)	/	2 )	/	23.279	*	365 / 2
=	4.925					/	23.279	*	365 / 2
=	38.61

Matrix Composites & Engineering Days Payable Related Terms

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Matrix Composites & Engineering (ASX:MCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Matrix Composites & Engineering Ltd (ASX:MCE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8ME:Germany

Address

150 Quill Way, Henderson, Perth, WA, AUS, 6166

Website

https://www.matrixengineered.com

Matrix Composites & Engineering Ltd is a manufacturer of engineered products and service for the offshore oil and gas, civil and infrastructure, and defence industry. The group is also involved in the businesses of manufacturing and supplying capital drilling equipment, consisting of syntactic foam buoyancy; manufacture and supply of subsea umbilical risers and flowline (SURF) ancillary equipment and associated services; and manufacture and supply of well construction products, including centralizers and conductors. Its products consist of buoyancy systems, epoxy resin systems, energy absorption systems, reinforced thermoplastics and others. It operates in Australia and internationally.

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