Mangels Industrial (BSP:MGEL4) Days Payable

: 21.19 (As of Dec. 2023)

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Mangels Industrial's average Accounts Payable for the three months ended in Dec. 2023 was R$41.1 Mil. Mangels Industrial's Cost of Goods Sold for the three months ended in Dec. 2023 was R$177.2 Mil. Hence, Mangels Industrial's Days Payable for the three months ended in Dec. 2023 was 21.19.

The historical rank and industry rank for Mangels Industrial's Days Payable or its related term are showing as below:

BSP:MGEL4' s Days Payable Range Over the Past 10 Years
Min: 14.27 Med: 17.96 Max: 45.97
Current: 20.3

During the past 13 years, Mangels Industrial's highest Days Payable was 45.97. The lowest was 14.27. And the median was 17.96.

BSP:MGEL4's Days Payable is ranked worse than
77.04% of 588 companies
in the Steel industry
Industry Median: 39.59 vs BSP:MGEL4: 20.30

Mangels Industrial's Days Payable increased from Dec. 2022 (15.14) to Dec. 2023 (21.19). It may suggest that Mangels Industrial delayed paying its suppliers.

Mangels Industrial Days Payable Historical Data

The historical data trend for Mangels Industrial'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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Mangels Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.33

18.22

16.65

17.75

14.27

Mangels Industrial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															15.14	20.53	22.91	22.47	21.19

Competitive Comparison

For the Steel subindustry, Mangels Industrial'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.

Mangels Industrial Days Payable Distribution

For the Steel industry and Basic Materials sector, Mangels Industrial's Days Payable distribution charts can be found below:

* The bar in red indicates where Mangels Industrial's Days Payable falls into.

Mangels Industrial 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.

Mangels Industrial'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
=	( (36.127	+	26.492)	/	2 )	/	800.994	*	365
=	31.3095					/	800.994	*	365
=	14.27

Mangels Industrial'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (55.793	+	26.492)	/	2 )	/	177.176	*	365 / 4
=	41.1425					/	177.176	*	365 / 4
=	21.19

Mangels Industrial Days Payable Related Terms

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Mangels Industrial (BSP:MGEL4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangels Industrial SA (BSP:MGEL4) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Verbo Divino 1488, 6º andar, Cj.61A e 64D, Chácara Santo, Antonio, Sao Paulo, SP, BRA, 04719904

Website

http://www.mangels.com.br

Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.

Mangels Industrial (BSP:MGEL4) Headlines

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