Micropac Industries (Micropac Industries) Days Payable : 44.15 (As of Feb. 2024)

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What is Micropac Industries Days Payable?

Micropac Industries's average Accounts Payable for the three months ended in Feb. 2024 was $1.70 Mil. Micropac Industries's Cost of Goods Sold for the three months ended in Feb. 2024 was $3.50 Mil. Hence, Micropac Industries's Days Payable for the three months ended in Feb. 2024 was 44.15.

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

MPAD' s Days Payable Range Over the Past 10 Years
Min: 14.69 Med: 20.35 Max: 36.99
Current: 26.16

During the past 13 years, Micropac Industries's highest Days Payable was 36.99. The lowest was 14.69. And the median was 20.35.

MPAD's Days Payable is ranked worse than
91.19% of 2419 companies
in the Hardware industry
Industry Median: 67.95 vs MPAD: 26.16

Micropac Industries's Days Payable increased from Feb. 2023 (30.60) to Feb. 2024 (44.15). It may suggest that Micropac Industries delayed paying its suppliers.

Micropac Industries Days Payable Historical Data

The historical data trend for Micropac Industries'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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Micropac Industries Days Payable Chart

Micropac Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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20.67

22.61

33.67

36.99

24.61

Micropac Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															30.60	22.97	20.57	18.62	44.15

Competitive Comparison of Micropac Industries's Days Payable

For the Electronic Components subindustry, Micropac Industries'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.

Micropac Industries's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Micropac Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Micropac Industries's Days Payable falls into.

Micropac Industries 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.

Micropac Industries's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (1.173	+	1.491)	/	2 )	/	19.754	*	365
=	1.332					/	19.754	*	365
=	24.61

Micropac Industries's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (1.491	+	1.9)	/	2 )	/	3.504	*	365 / 4
=	1.6955					/	3.504	*	365 / 4
=	44.15

Micropac Industries Days Payable Related Terms

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Micropac Industries (Micropac Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Micropac Industries Inc (OTCPK:MPAD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

905 East Walnut Street, Garland, TX, USA, 75040

Website

https://www.micropac.com

Micropac Industries Inc manufactures and distributes a range of hybrid microelectronic circuits, solid-state relays (SSRs), power controllers, and optoelectronic components and assemblies. Its products are used as components in a range of military, space, and industrial systems, including aircraft instrumentation and navigation systems, power supplies, electronic controls, computers, medical devices, and high-temperature products. The company's core technology is the packaging and interconnecting of multi-chip microelectronics modules. Other technologies include light-emitting, and light-sensitive materials and products, including light-emitting diodes (LEDs) and silicon phototransistors used in the company's optoelectronic components and assemblies.

Executives

Mark W King	director, officer: Chief Executive Officer	2905 WYNDHAM LANE, RICHARDSON TX 75082
Richard K Hoesterey	director	7852 LA COSA DRIVE, DALLAS TX 75248
Eugene A. Robinson	director	1200 LAKE POINT CIRCLE, MCKINNEY TX 75070
Heinz-werner Hempel	director, 10 percent owner	AM WALL 127 D-281951, BREMEN 2M 00000
Micropac Industries, Inc.	10 percent owner	AM WALL 127 D-281951 1, BREMEN 2M 00000
Patrick Cefalu	officer: CFO	8706 ARBORSIDE, ROWLETT TX 75089
Wood Connie J.	director	877 FM 2948, COMO TX 75431
H. Kent Hearn	director	1409 BRIAR HOLLOW, GARLAND TX 75043

Micropac Industries (Micropac Industries) Headlines

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