Mirvac Group (ASX:MGR) Days Payable : 88.56 (As of Dec. 2023)

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What is Mirvac Group Days Payable?

Mirvac Group's average Accounts Payable for the six months ended in Dec. 2023 was A$412 Mil. Mirvac Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$848 Mil. Hence, Mirvac Group's Days Payable for the six months ended in Dec. 2023 was 88.56.

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

ASX:MGR' s Days Payable Range Over the Past 10 Years
Min: 12.75 Med: 28.16 Max: 121.19
Current: 121.19

During the past 13 years, Mirvac Group's highest Days Payable was 121.19. The lowest was 12.75. And the median was 28.16.

ASX:MGR's Days Payable is ranked worse than
51.82% of 523 companies
in the REITs industry
Industry Median: 128.23 vs ASX:MGR: 121.19

Mirvac Group's Days Payable declined from Dec. 2022 (203.73) to Dec. 2023 (88.56). It may suggest that Mirvac Group accelerated paying its suppliers.

Mirvac Group Days Payable Historical Data

The historical data trend for Mirvac 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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Mirvac Group Days Payable Chart

Mirvac Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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38.42

35.64

26.94

12.75

20.90

Mirvac Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															74.95	100.02	203.73	103.05	88.56

Competitive Comparison of Mirvac Group's Days Payable

For the REIT - Diversified subindustry, Mirvac 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.

Mirvac Group's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mirvac Group's Days Payable distribution charts can be found below:

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

Mirvac 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.

Mirvac Group's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (47	+	68)	/	2 )	/	1004	*	365
=	57.5					/	1004	*	365
=	20.90

Mirvac Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (68	+	755)	/	2 )	/	848	*	365 / 2
=	411.5					/	848	*	365 / 2
=	88.56

Mirvac Group Days Payable Related Terms

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Mirvac Group (ASX:MGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (ASX:MGR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MRVGF:USA MJB:Germany

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

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