MusicMagpie (LSE:MMAG) Days Payable : 23.36 (As of Nov. 2023)

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What is MusicMagpie Days Payable?

MusicMagpie's average Accounts Payable for the six months ended in Nov. 2023 was £7.1 Mil. MusicMagpie's Cost of Goods Sold for the six months ended in Nov. 2023 was £55.2 Mil. Hence, MusicMagpie's Days Payable for the six months ended in Nov. 2023 was 23.36.

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

LSE:MMAG' s Days Payable Range Over the Past 10 Years
Min: 21.14 Med: 23.51 Max: 47.74
Current: 25.02

During the past 6 years, MusicMagpie's highest Days Payable was 47.74. The lowest was 21.14. And the median was 23.51.

LSE:MMAG's Days Payable is ranked worse than
81.39% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs LSE:MMAG: 25.02

MusicMagpie's Days Payable declined from Nov. 2022 (23.63) to Nov. 2023 (23.36). It may suggest that MusicMagpie accelerated paying its suppliers.

MusicMagpie Days Payable Historical Data

The historical data trend for MusicMagpie'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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MusicMagpie Days Payable Chart

MusicMagpie Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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33.27

23.19

23.83

21.14

23.15

MusicMagpie Semi-Annual Data
	Nov18	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Days Payable	Get a 7-Day Free Trial					30.41	24.92	23.63	29.22	23.36

Competitive Comparison of MusicMagpie's Days Payable

For the Specialty Retail subindustry, MusicMagpie'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.

MusicMagpie's Days Payable Distribution in the Retail - Cyclical Industry

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

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

MusicMagpie 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.

MusicMagpie's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (6.166	+	6.36)	/	2 )	/	98.737	*	365
=	6.263					/	98.737	*	365
=	23.15

MusicMagpie's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (7.775	+	6.36)	/	2 )	/	55.204	*	365 / 2
=	7.0675					/	55.204	*	365 / 2
=	23.36

MusicMagpie Days Payable Related Terms

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MusicMagpie (LSE:MMAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MusicMagpie PLC (LSE:MMAG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Railway Road, One Stockport Exchange, First Floor, Stockport, Cheshire, GBR, SK1 3SW

Website

https://www.musicmagpieplc.com

MusicMagpie PLC is a leader in e-commerce in the UK and US in the circular economy of consumer technology such as smartphones, tablets, consoles and personal computers, books and disc media including CDs, DVDs and video games. The company's segment includes Technology; Media and Books. It generates maximum revenue from the Technology segment.

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