Mirion Technologies (Mirion Technologies) Days Payable : 48.35 (As of Mar. 2024)

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What is Mirion Technologies Days Payable?

Mirion Technologies's average Accounts Payable for the three months ended in Mar. 2024 was $55.9 Mil. Mirion Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $105.5 Mil. Hence, Mirion Technologies's Days Payable for the three months ended in Mar. 2024 was 48.35.

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

MIR' s Days Payable Range Over the Past 10 Years
Min: 47.64 Med: 54.4 Max: 56.89
Current: 47.64

During the past 6 years, Mirion Technologies's highest Days Payable was 56.89. The lowest was 47.64. And the median was 54.40.

MIR's Days Payable is ranked worse than
72.09% of 2934 companies
in the Industrial Products industry
Industry Median: 76.415 vs MIR: 47.64

Mirion Technologies's Days Payable declined from Mar. 2023 (59.22) to Mar. 2024 (48.35). It may suggest that Mirion Technologies accelerated paying its suppliers.

Mirion Technologies Days Payable Historical Data

The historical data trend for Mirion Technologies'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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Mirion Technologies Days Payable Chart

Mirion Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.89

51.90

Mirion Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															59.22	53.06	47.07	41.77	48.35

Competitive Comparison of Mirion Technologies's Days Payable

For the Specialty Industrial Machinery subindustry, Mirion Technologies'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.

Mirion Technologies's Days Payable Distribution in the Industrial Products Industry

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

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

Mirion Technologies 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.

Mirion Technologies'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
=	( (67.7	+	58.7)	/	2 )	/	444.5	*	365
=	63.2					/	444.5	*	365
=	51.90

Mirion Technologies's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (58.7	+	53.1)	/	2 )	/	105.5	*	365 / 4
=	55.9					/	105.5	*	365 / 4
=	48.35

Mirion Technologies Days Payable Related Terms

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Mirion Technologies (Mirion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mirion Technologies Inc (NYSE:MIR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

55I0:Germany

Address

1218 Menlo Drive, Atlanta, GA, USA, 30318

Website

https://www.mirion.com

Mirion Technologies Inc provides products, services, and software that allows customers to safely leverage the power of ionizing radiation for the greater good of humanity through critical applications in the medical, nuclear, defense markets, as well as laboratories, scientific research, analysis and exploration. The Company manages its operations through two segments: Medical and Industrial. The Medical segment provides radiation oncology quality assurance, delivering patient safety solutions for diagnostic imaging and radiation therapy centers. The Industrial segment provides robust, field ready personal radiation detection and identification equipment for defense applications and radiation detection and analysis tools for power plants, labs, and research applications.

Executives

Christopher A. Moore	officer: Chief Accounting Officer (PAO)	C/O MIRION TECHNOLOGIES, INC., 1218 MENLO DRIVE, ATLANTA GA 30318
Loic Eloy	officer: Industrial Group President	1218 MENLO DRIVE, ATLANTA GA 30318
Gsam Holdings Llc	director, 10 percent owner	200 WEST STREET, NEW YORK NY 10282
Michael J Rossi	officer: Medical Group President	230 PARK AVENUE, SUITE 3350, NEW YORK NY 10169
Sheila Rege	director	1218 MENLO DRIVE, ATLANTA GA 30318
Jody Markopoulos	director	3641 WOODBOURNE LANE, CROZET VA 22932
Ccp Ix Lp No. 1	10 percent owner	76 BUCKINGHAM PALACE ROAD, 6TH FLOOR, BELGRAVE HOUSE, LONDON X0 SW1W 9TQ
Ccp Ix Lp No. 2	10 percent owner	76 BUCKINGHAM PALACE ROAD, 6TH FLOOR, BELGRAVE HOUSE, LONDON X0 SW1W 9TQ
Ccp Ix Co-investment Lp	10 percent owner	76 BUCKINGHAM PALACE ROAD, 6TH FLOOR, BELGRAVE HOUSE, LONDON X0 SW1W 9TQ
Ccp Ix Co-investment No. 2 Lp	10 percent owner	76 BUCKINGHAM PALACE ROAD, 6TH FLOOR, BELGRAVE HOUSE, LONDON X0 SW1W 9TQ
Charterhouse General Partners (ix) Ltd	10 percent owner	76 BUCKINGHAM PALACE ROAD, 6TH FLOOR, BELGRAVE HOUSE, LONDON X0 SW1W 9TQ
Kipling Matas	officer: Chief Accounting Officer	MIRION TECHNOLOGIES, INC., 1218 MENLO DRIVE, ATLANTA GA 30318
Christopher L Warren	director	MIRION TECHNOLOGIES, INC., 1218 MENLO DRIVE, ATLANTA GA 30318
Brian Schopfer	officer: Chief Financial Officer	MIRION TECHNOLOGIES, INC., 1218 MENLO DRIVE, ATLANTA GA 30318
Michael Freed	officer: Chief Operating Officer	MIRION TECHNOLOGIES, INC., 1218 MENLO DRIVE, ATLANTA GA 30318