MTY Food Group (MTY Food Group) Days Payable : 73.89 (As of Feb. 2024)

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What is MTY Food Group Days Payable?

MTY Food Group's average Accounts Payable for the three months ended in Feb. 2024 was $108.6 Mil. MTY Food Group's Cost of Goods Sold for the three months ended in Feb. 2024 was $134.1 Mil. Hence, MTY Food Group's Days Payable for the three months ended in Feb. 2024 was 73.89.

The historical rank and industry rank for MTY Food Group's Days Payable or its related term are showing as below:

MTYFF' s Days Payable Range Over the Past 10 Years
Min: 74 Med: 118.53 Max: 165.09
Current: 74

During the past 13 years, MTY Food Group's highest Days Payable was 165.09. The lowest was 74.00. And the median was 118.53.

MTYFF's Days Payable is ranked better than
81.76% of 340 companies
in the Restaurants industry
Industry Median: 38.325 vs MTYFF: 74.00

MTY Food Group's Days Payable declined from Feb. 2023 (78.02) to Feb. 2024 (73.89). It may suggest that MTY Food Group accelerated paying its suppliers.

MTY Food Group Days Payable Historical Data

The historical data trend for MTY Food Group'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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MTY Food Group Days Payable Chart

MTY Food Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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114.94

164.12

119.95

111.69

75.19

MTY Food Group 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															78.02	95.21	96.97	50.19	73.89

Competitive Comparison of MTY Food Group's Days Payable

For the Restaurants subindustry, MTY Food Group'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.

MTY Food Group's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, MTY Food Group's Days Payable distribution charts can be found below:

* The bar in red indicates where MTY Food Group's Days Payable falls into.

MTY Food Group 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.

MTY Food Group'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
=	( (114.438	+	107.651)	/	2 )	/	539.042	*	365
=	111.0445					/	539.042	*	365
=	75.19

MTY Food Group'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
=	( (107.651	+	109.462)	/	2 )	/	134.053	*	365 / 4
=	108.5565					/	134.053	*	365 / 4
=	73.89

MTY Food Group Days Payable Related Terms

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MTY Food Group (MTY Food Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » MTY Food Group Inc (OTCPK:MTYFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9MF:Germany MTY:Canada

Address

8150 autoroute Transcanadienne, Suite 200, Saint-Laurent, QC, CAN, H4S 1M5

Website

https://www.mtygroup.com

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada and US and International. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.

MTY Food Group (MTY Food Group) Headlines

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