Mayville Engineering Co Days Payable

: 45.03 (As of Jun. 2022)

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Mayville Engineering Co's average Accounts Payable for the three months ended in Jun. 2022 was $59.3 Mil. Mayville Engineering Co's Cost of Goods Sold for the three months ended in Jun. 2022 was $120.1 Mil. Hence, Mayville Engineering Co's Days Payable for the three months ended in Jun. 2022 was 45.03.

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

MEC' s Days Payable Range Over the Past 10 Years
Min: 25.54 Med: 36.75 Max: 39.32
Current: 44.1

During the past 5 years, Mayville Engineering Co's highest Days Payable was 39.32. The lowest was 25.54. And the median was 36.75.

MEC's Days Payable is ranked worse than
77.47% of 2685 companies
in the Industrial Products industry
Industry Median: 76.64 vs MEC: 44.10

Mayville Engineering Co's Days Payable increased from Jun. 2021 (39.68) to Jun. 2022 (45.03). It may suggest that Mayville Engineering Co delayed paying its suppliers.

Mayville Engineering Co Days Payable Historical Data

The historical data trend for Mayville Engineering Co'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.

Mayville Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

25.54

39.32

30.94

36.75

37.82

Mayville Engineering Co Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Days Payable															39.68	46.07	44.02	41.33	45.03

Competitive Comparison

For the Metal Fabrication subindustry, Mayville Engineering Co'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.

Annual Data Quarterly Data

Mayville Engineering Co Days Payable Distribution

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

* The bar in red indicates where Mayville Engineering Co's Days Payable falls into.

Mayville Engineering Co 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.

Mayville Engineering Co's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (33.495	+	50.119)	/	2 )	/	403.451	*	365
=	41.807					/	403.451	*	365
=	37.82

Mayville Engineering Co's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

	Days Payable (Q: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (59.826	+	58.679)	/	2 )	/	120.079	*	365 / 4
=	59.2525					/	120.079	*	365 / 4
=	45.03

Mayville Engineering Co Days Payable Related Terms

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Mayville Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mayville Engineering Co Inc (NYSE:MEC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

715 South Street, Mayville, WI, USA, 53050

Website

https://www.mecinc.com

Mayville Engineering Co Inc is involved in a manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services.

Executives

Kent Jennifer J.	director	QUAD/GRAPHICS, INC. N61 W23044 HARRY'S WAY SUSSEX WI 53089-3995
Stille Randall P	officer: Chief Operating Officer	715 SOUTH STREET MAYVILLE WI 53050
Mance Stephen P.	officer: Chief Operating Officer	715 SOUTH STREET MAYVILLE WI 53050
Fisher Steven L	director	100 N.E. ADAMS STREET PEORIA IL 61629
Carlson Allen J	director	1500 WEST UNIVERSITY PARKWAY SARASOTA FL 34243
Christen Timothy L	director	715 SOUTH STREET MAYVILLE WI 53050
Rothman Jay O.	director	C/O QUAD/GRAPHICS, INC. N61 W23044 HARRY'S WAY SUSSEX WI 53089
Butz Todd M	officer: Chief Financial Officer	715 SOUTH STREET MAYVILLE WI 53050
Kamphuis Robert D	director, officer: Chairman, Pres. & CEO	715 SOUTH STREET MAYVILLE WI 53050
Raber Ryan F	officer: EVP - Sales & Marketing	715 SOUTH STREET MAYVILLE WI 53050
Sanderson Clifford O	officer: Vice President - HR	715 SOUTH STREET MAYVILLE WI 53050
Welak Eric J	officer: EVP - Fabrication	715 SOUTH STREET MAYVILLE WI 53050
Michels Patrick D	director	715 SOUTH STREET MAYVILLE WI 53050
St. Peter John A	director	715 SOUTH STREET MAYVILLE WI 53050
Johnson Craig E	director	715 SOUTH STREET MAYVILLE WI 53050

Mayville Engineering Co Headlines

From GuruFocus

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Mayville Engineering Co Days Payable

Mayville Engineering Co Days Payable Historical Data

Mayville Engineering Co Days Payable Calculation

Mayville Engineering Co Days Payable Related Terms

Mayville Engineering Co Business Description

Mayville Engineering Co Headlines

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