Michael Hill International (ASX:MHJ) Days Payable : 81.51 (As of Dec. 2023)

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What is Michael Hill International Days Payable?

Michael Hill International's average Accounts Payable for the six months ended in Dec. 2023 was A$62.4 Mil. Michael Hill International's Cost of Goods Sold for the six months ended in Dec. 2023 was A$139.8 Mil. Hence, Michael Hill International's Days Payable for the six months ended in Dec. 2023 was 81.51.

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

ASX:MHJ' s Days Payable Range Over the Past 10 Years
Min: 38.57 Med: 47.86 Max: 102.24
Current: 102.24

During the past 13 years, Michael Hill International's highest Days Payable was 102.24. The lowest was 38.57. And the median was 47.86.

ASX:MHJ's Days Payable is ranked better than
75.65% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs ASX:MHJ: 102.24

Michael Hill International's Days Payable declined from Dec. 2022 (86.84) to Dec. 2023 (81.51). It may suggest that Michael Hill International accelerated paying its suppliers.

Michael Hill International Days Payable Historical Data

The historical data trend for Michael Hill 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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Michael Hill International Days Payable Chart

Michael Hill International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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38.57

46.66

64.63

77.12

68.36

Michael Hill 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															104.07	118.59	86.84	105.69	81.51

Competitive Comparison of Michael Hill International's Days Payable

For the Luxury Goods subindustry, Michael Hill 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.

Michael Hill International's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Michael Hill International's Days Payable distribution charts can be found below:

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

Michael Hill 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.

Michael Hill International'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
=	( (44.665	+	39.216)	/	2 )	/	223.949	*	365
=	41.9405					/	223.949	*	365
=	68.36

Michael Hill 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
=	( (39.216	+	85.654)	/	2 )	/	139.794	*	365 / 2
=	62.435					/	139.794	*	365 / 2
=	81.51

Michael Hill International Days Payable Related Terms

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Michael Hill International (ASX:MHJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Michael Hill International Ltd (ASX:MHJ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MHJ:New Zealand

Address

34 Southgate Avenue, Cannon Hill, QLD, AUS, 4170

Website

https://www.michaelhill.com

Michael Hill International Ltd is an Australia based specialist retail jewellery chain engaged in the sale of jewellery and related services. It operates stores in Australia, New Zealand and Canada. The group derives prime revenue from Australia. The product portfolio of the company includes Rings, Earrings, Pendants and Necklaces, Bracelets, Bangles and other products.

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