MJL Bangladesh (DHA:MJLBD) Days Payable : 12.38 (As of Dec. 2023)

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What is MJL Bangladesh Days Payable?

MJL Bangladesh's average Accounts Payable for the three months ended in Dec. 2023 was BDT1,040 Mil. MJL Bangladesh's Cost of Goods Sold for the three months ended in Dec. 2023 was BDT7,667 Mil. Hence, MJL Bangladesh's Days Payable for the three months ended in Dec. 2023 was 12.38.

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

DHA:MJLBD' s Days Payable Range Over the Past 10 Years
Min: 16.83 Med: 23.9 Max: 31.48
Current: 22.15

During the past 13 years, MJL Bangladesh's highest Days Payable was 31.48. The lowest was 16.83. And the median was 23.90.

DHA:MJLBD's Days Payable is ranked worse than
84% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs DHA:MJLBD: 22.15

MJL Bangladesh's Days Payable declined from Dec. 2022 (25.85) to Dec. 2023 (12.38). It may suggest that MJL Bangladesh accelerated paying its suppliers.

MJL Bangladesh Days Payable Historical Data

The historical data trend for MJL Bangladesh'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.

* Premium members only.

MJL Bangladesh Days Payable Chart

MJL Bangladesh Annual Data

Trend

Dec13

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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23.77

27.29

31.48

31.28

27.29

MJL Bangladesh 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															25.85	31.59	31.18	19.37	12.38

Competitive Comparison of MJL Bangladesh's Days Payable

For the Oil & Gas Refining & Marketing subindustry, MJL Bangladesh'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.

MJL Bangladesh's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MJL Bangladesh's Days Payable distribution charts can be found below:

* The bar in red indicates where MJL Bangladesh's Days Payable falls into.

MJL Bangladesh 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.

MJL Bangladesh'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
=	( (1898.585	+	1731.742)	/	2 )	/	24273.957	*	365
=	1815.1635					/	24273.957	*	365
=	27.29

MJL Bangladesh'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
=	( (1061.458	+	1019.459)	/	2 )	/	7667.013	*	365 / 4
=	1040.4585					/	7667.013	*	365 / 4
=	12.38

MJL Bangladesh Days Payable Related Terms

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MJL Bangladesh (DHA:MJLBD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MJL Bangladesh PLC (DHA:MJLBD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bir Uttam Mir Shawkat Sarak, Mobil House, CWS(A) 13/A, Gulshan Avenue, Dhaka, BGD, 1212

Website

https://www.mjlbl.com

MJL Bangladesh PLC is engaged in the process, manufacture trade of lubricants, blending, marketing of lubricants and grease products. the company has bifurcated the revenues in Oil Tanker, the Manufacturing Unit, which generates the majority of revenue, and Trading Unit. Its automotive lubricants include Car Engine Oils, Motorcycle Engine Oils, Bus & Truck Engine Oils, Gear Oils, and Others. It also produces Industrial & Specialty Lubricants which includes Greases, Compressor Oils, Aviation Products, and others. It serves various industries, some of which include agriculture, automotive, construction, natural gas, and commercial industries. The majority of the revenue is generated from the domestic market but the company also exports some of its products in the International market.

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