MAAS Group Holdings (ASX:MGH) Days Payable : 88.35 (As of Jun. 2024)

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What is MAAS Group Holdings Days Payable?

MAAS Group Holdings's average Accounts Payable for the six months ended in Jun. 2024 was A$85.0 Mil. MAAS Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was A$175.5 Mil. Hence, MAAS Group Holdings's Days Payable for the six months ended in Jun. 2024 was 88.35.

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

ASX:MGH' s Days Payable Range Over the Past 10 Years
Min: 49.65 Med: 62.65 Max: 74.02
Current: 74.02

During the past 5 years, MAAS Group Holdings's highest Days Payable was 74.02. The lowest was 49.65. And the median was 62.65.

ASX:MGH's Days Payable is ranked worse than
51.08% of 1670 companies
in the Construction industry
Industry Median: 75.53 vs ASX:MGH: 74.02

MAAS Group Holdings's Days Payable increased from Jun. 2023 (74.24) to Jun. 2024 (88.35). It may suggest that MAAS Group Holdings delayed paying its suppliers.

MAAS Group Holdings Days Payable Historical Data

The historical data trend for MAAS Group Holdings'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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MAAS Group Holdings Days Payable Chart

MAAS Group Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

70.79

49.65

60.09

65.21

MAAS Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			52.78	62.73	74.24	70.99	88.35

Competitive Comparison of MAAS Group Holdings's Days Payable

For the Engineering & Construction subindustry, MAAS Group Holdings'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.

MAAS Group Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, MAAS Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where MAAS Group Holdings's Days Payable falls into.

MAAS Group Holdings 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.

MAAS Group Holdings's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (79.593	+	66.976)	/	2 )	/	410.196	*	365
=	73.2845					/	410.196	*	365
=	65.21

MAAS Group Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (102.972	+	66.976)	/	2 )	/	175.517	*	365 / 2
=	84.974					/	175.517	*	365 / 2
=	88.35

MAAS Group Holdings Days Payable Related Terms

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MAAS Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MAAS Group Holdings Ltd (ASX:MGH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20L Sheraton Road, Dubbo, NSW, AUS, 2830

Website

https://www.maasgroup.com.au

MAAS Group Holdings Ltd is an industrial service and real estate business with exposure across the property, civil, infrastructure, renewable energy, and mining sectors. The company's operating segments include Construction Materials; Residential Real Estate; Civil, Construction and Hire; Commercial Real Estate; Manufacturing; and Others. It generates maximum revenue from the Construction Materials segment which provides various services like supply of quarry materials to construction projects, mobile crushing and screening for quarries, civil works and mining, geotechnical services, asphalt services, and quarry excavation services. Geographically, the company's customers are located across Australia, Vietnam, Indonesia, Mongolia, Papua New Guinea, and New Zealand.

MAAS Group Holdings Headlines

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