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GuruFocus has detected 2 Warning Signs with Mitcham Industries Inc $MIND.
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Mitcham Industries Inc (NAS:MIND)
Days Payable
11.57 (As of Jan. 2017)

Mitcham Industries Inc's payable for the three months ended in Jan. 2017 was $1.93 Mil. Mitcham Industries Inc's cost of goods sold for the three months ended in Jan. 2017 was $15.22 Mil. Hence, Mitcham Industries Inc's days payable for the three months ended in Jan. 2017 was 11.57.

MIND' s Days Payable Range Over the Past 10 Years
Min: 14.54   Max: 150.34
Current: 14.54

14.54
150.34

During the past 13 years, Mitcham Industries Inc's highest Days Payable was 150.34. The lowest was 14.54. And the median was 53.20.

MIND's Days Payable is ranked lower than
94% of the 1798 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 58.06 vs. MIND: 14.54 )

Mitcham Industries Inc's days payable declined from Jan. 2016 (25.94) to Jan. 2017 (11.57). It may suggest that Mitcham Industries Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Mitcham Industries Inc's Days Payable for the fiscal year that ended in Jan. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1.929/48.413*365
=14.54

Mitcham Industries Inc's Days Payable for the quarter that ended in Jan. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1.929/15.217*365 / 4
=11.57

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Mitcham Industries Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
DaysPayable 150.34144.8763.9342.4786.3937.5565.2614.6226.3114.54

Mitcham Industries Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
DaysPayable 37.2416.5926.6915.8113.5125.9415.8614.1224.3111.57
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