MGM China Holdings (MGM China Holdings) Days Payable : 82.34 (As of Dec. 2023)

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What is MGM China Holdings Days Payable?

MGM China Holdings's average Accounts Payable for the six months ended in Dec. 2023 was $499 Mil. MGM China Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,105 Mil. Hence, MGM China Holdings's Days Payable for the six months ended in Dec. 2023 was 82.34.

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

MCHVF' s Days Payable Range Over the Past 10 Years
Min: 78.48 Med: 166.95 Max: 272.09
Current: 79.58

During the past 13 years, MGM China Holdings's highest Days Payable was 272.09. The lowest was 78.48. And the median was 166.95.

MCHVF's Days Payable is ranked better than
57.87% of 750 companies
in the Travel & Leisure industry
Industry Median: 60.455 vs MCHVF: 79.58

MGM China Holdings's Days Payable declined from Dec. 2022 (161.14) to Dec. 2023 (82.34). It may suggest that MGM China Holdings accelerated paying its suppliers.

MGM China Holdings Days Payable Historical Data

The historical data trend for MGM China Holdings'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.

MGM China Holdings Days Payable Chart

MGM China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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150.27

270.96

146.92

175.27

78.56

MGM China Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	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															131.97	149.33	161.14	77.36	82.34

Competitive Comparison of MGM China Holdings's Days Payable

For the Resorts & Casinos subindustry, MGM China Holdings'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.

MGM China Holdings's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, MGM China Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where MGM China Holdings's Days Payable falls into.

MGM China Holdings 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.

MGM China Holdings'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
=	( (292.172	+	556.724)	/	2 )	/	1971.95	*	365
=	424.448					/	1971.95	*	365
=	78.56

MGM China Holdings'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
=	( (440.537	+	556.724)	/	2 )	/	1105.119	*	365 / 2
=	498.6305					/	1105.119	*	365 / 2
=	82.34

MGM China Holdings Days Payable Related Terms

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MGM China Holdings (MGM China Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM China Holdings Ltd (OTCPK:MCHVF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MCHVY:USA 02282:Hong Kong

Address

Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC

Website

https://en.mgmchinaholdings.com

MGM China is one of six casino license holders in Macao and operates two integrated resorts: the MGM Macau casino in the Macao Peninsula and MGM Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.