Murray River Organics Group (ASX:MRG) Days Payable : 30.99 (As of Jun. 2021)

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What is Murray River Organics Group Days Payable?

Murray River Organics Group's average Accounts Payable for the six months ended in Jun. 2021 was A$3.06 Mil. Murray River Organics Group's Cost of Goods Sold for the six months ended in Jun. 2021 was A$18.04 Mil. Hence, Murray River Organics Group's Days Payable for the six months ended in Jun. 2021 was 30.99.

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

ASX:MRG's Days Payable is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 45.66
* Ranked among companies with meaningful Days Payable only.

Murray River Organics Group's Days Payable declined from Jun. 2020 (34.95) to Jun. 2021 (30.99). It may suggest that Murray River Organics Group accelerated paying its suppliers.

Murray River Organics Group Days Payable Historical Data

The historical data trend for Murray River Organics 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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Murray River Organics Group Days Payable Chart

Murray River Organics Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Days Payable

83.23

37.36

38.88

29.35

24.91

Murray River Organics Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Days Payable	Get a 7-Day Free Trial					46.90	39.58	34.95	30.84	30.99

Competitive Comparison of Murray River Organics Group's Days Payable

For the Farm Products subindustry, Murray River Organics 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.

Murray River Organics Group's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Murray River Organics Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Murray River Organics Group's Days Payable falls into.

Murray River Organics 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.

Murray River Organics Group's Days Payable for the fiscal year that ended in Jun. 2021 is calculated as

	Days Payable (A: Jun. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2020 )	+	Accounts Payable (A: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2021 )	*	Days in Period
=	( (3.634	+	1.972)	/	2 )	/	41.077	*	365
=	2.803					/	41.077	*	365
=	24.91

Murray River Organics Group's Days Payable for the quarter that ended in Jun. 2021 is calculated as:

	Days Payable (Q: Jun. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2020 )	+	Accounts Payable (Q: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
=	( (4.154	+	1.972)	/	2 )	/	18.037	*	365 / 2
=	3.063					/	18.037	*	365 / 2
=	30.99

Murray River Organics Group Days Payable Related Terms

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Murray River Organics Group (ASX:MRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Murray River Organics Group Ltd (ASX:MRG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 Crompton Way, Dandenong South, Melbourne, VIC, AUS, 3175

Website

https://www.murrayriverorganics.com.au

Murray River Organics Group Ltd is a producer, marketer, manufacturer, and seller of organic and natural food products. It produces organic dried vine fruit, nuts, dried fruit, seeds, berries, grains, coconut, and other ingredients.

Murray River Organics Group (ASX:MRG) Headlines

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