Micro-X (ASX:MX1) Days Payable : 208.82 (As of Dec. 2023)

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What is Micro-X Days Payable?

Micro-X's average Accounts Payable for the six months ended in Dec. 2023 was A$3.84 Mil. Micro-X's Cost of Goods Sold for the six months ended in Dec. 2023 was A$3.36 Mil. Hence, Micro-X's Days Payable for the six months ended in Dec. 2023 was 208.82.

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

ASX:MX1' s Days Payable Range Over the Past 10 Years
Min: 91.71 Med: 191.15 Max: 2231.74
Current: 255.89

During the past 8 years, Micro-X's highest Days Payable was 2231.74. The lowest was 91.71. And the median was 191.15.

ASX:MX1's Days Payable is ranked better than
86.64% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs ASX:MX1: 255.89

Micro-X's Days Payable declined from Dec. 2022 (358.17) to Dec. 2023 (208.82). It may suggest that Micro-X accelerated paying its suppliers.

Micro-X Days Payable Historical Data

The historical data trend for Micro-X'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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Micro-X Days Payable Chart

Micro-X Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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578.78

185.17

104.25

91.71

197.13

Micro-X Semi-Annual Data
	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												212.22	154.94	358.17	270.17	208.82

Competitive Comparison of Micro-X's Days Payable

For the Medical Devices subindustry, Micro-X'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.

Micro-X's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Micro-X's Days Payable distribution charts can be found below:

* The bar in red indicates where Micro-X's Days Payable falls into.

Micro-X 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.

Micro-X'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
=	( (1.304	+	2.482)	/	2 )	/	3.505	*	365
=	1.893					/	3.505	*	365
=	197.13

Micro-X'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
=	( (2.482	+	5.198)	/	2 )	/	3.356	*	365 / 2
=	3.84					/	3.356	*	365 / 2
=	208.82

Micro-X Days Payable Related Terms

Thank you for viewing the detailed overview of Micro-X's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Micro-X (ASX:MX1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micro-X Ltd (ASX:MX1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MCRXF:USA

Address

1284 South Road, A14, 6 MAB Eastern Promenade, Tonsley, Clovelly Park, Adelaide, SA, AUS, 5042

Website

https://www.micro-x.com

Micro-X Ltd operates in the medical industry. The company operates in designs, develops, and manufactures ultra-lightweight carbon nanotube-based X-ray products for the healthcare and counter IED imaging security markets. Its product includes Nano; Rover and Mobile Backscatter Imager (MBI), Mobile Baggage Scanner (MBS), and others. Geographically, it derives a majority of revenue from Asia-Pacific and also has a presence in the United States and Europe.

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