Monbat AD (LTS:0NH6) Days Payable : 54.16 (As of Sep. 2023)

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What is Monbat AD Days Payable?

Monbat AD's average Accounts Payable for the three months ended in Sep. 2023 was лв34.8 Mil. Monbat AD's Cost of Goods Sold for the three months ended in Sep. 2023 was лв58.6 Mil. Hence, Monbat AD's Days Payable for the three months ended in Sep. 2023 was 54.16.

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

LTS:0NH6' s Days Payable Range Over the Past 10 Years
Min: 31.25 Med: 45.7 Max: 58.25
Current: 48.96

During the past 13 years, Monbat AD's highest Days Payable was 58.25. The lowest was 31.25. And the median was 45.70.

LTS:0NH6's Days Payable is ranked worse than
70.92% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs LTS:0NH6: 48.96

Monbat AD's Days Payable increased from Sep. 2022 (40.78) to Sep. 2023 (54.16). It may suggest that Monbat AD delayed paying its suppliers.

Monbat AD Days Payable Historical Data

The historical data trend for Monbat AD'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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Monbat AD Days Payable Chart

Monbat AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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51.16

53.75

58.25

46.79

49.22

Monbat AD Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															40.78	46.63	45.44	53.07	54.16

Competitive Comparison of Monbat AD's Days Payable

For the Electrical Equipment & Parts subindustry, Monbat AD'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.

Monbat AD's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Monbat AD's Days Payable distribution charts can be found below:

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

Monbat AD 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.

Monbat AD's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (35.482	+	35.465)	/	2 )	/	263.062	*	365
=	35.4735					/	263.062	*	365
=	49.22

Monbat AD's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (35.134	+	34.434)	/	2 )	/	58.601	*	365 / 4
=	34.784					/	58.601	*	365 / 4
=	54.16

Monbat AD Days Payable Related Terms

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Monbat AD (LTS:0NH6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Monbat AD (LTS:0NH6) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MONB:Bulgaria

Address

32 A Cherni vrah boulevard, Floor 4, Sofia, BGR, 1407

Website

https://www.monbatgroup.com

Monbat AD is a Bulgaria-based company engaged in the production and maintenance of and sale of batteries; engineering and development activity; production and trade of equipment used in battery manufacturing; domestic and foreign trade and establishment of commercial networks; specialized stores and representative offices; recycling of lead and lead containing alloys. The company's product range includes starter batteries, stationary batteries, deep cycle batteries, and leisure batteries, special batteries for military applications and locomotive batteries. Additionally, it is also involved in the production of light emitting diode (LED) lighting. The company operates geographically across Bulgaria, Serbia, Romania, Nigeria, and others.

Monbat AD (LTS:0NH6) Headlines

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