Major Development PCL (BKK:MJD) Days Payable : 95.47 (As of Mar. 2024)

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What is Major Development PCL Days Payable?

Major Development PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿426 Mil. Major Development PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿407 Mil. Hence, Major Development PCL's Days Payable for the three months ended in Mar. 2024 was 95.47.

The historical rank and industry rank for Major Development PCL's Days Payable or its related term are showing as below:

BKK:MJD' s Days Payable Range Over the Past 10 Years
Min: 70.61 Med: 118.12 Max: 277.37
Current: 120.89

During the past 13 years, Major Development PCL's highest Days Payable was 277.37. The lowest was 70.61. And the median was 118.12.

BKK:MJD's Days Payable is ranked better than
55.22% of 1579 companies
in the Real Estate industry
Industry Median: 99.69 vs BKK:MJD: 120.89

Major Development PCL's Days Payable declined from Mar. 2023 (104.73) to Mar. 2024 (95.47). It may suggest that Major Development PCL accelerated paying its suppliers.

Major Development PCL Days Payable Historical Data

The historical data trend for Major Development PCL'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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Major Development PCL Days Payable Chart

Major Development PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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123.81

70.61

83.43

77.77

106.53

Major Development PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															104.73	113.27	171.13	118.94	95.47

Competitive Comparison of Major Development PCL's Days Payable

For the Real Estate - Development subindustry, Major Development PCL'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.

Major Development PCL's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Major Development PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Major Development PCL's Days Payable falls into.

Major Development PCL 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.

Major Development PCL's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (422.562	+	397.737)	/	2 )	/	1405.297	*	365
=	410.1495					/	1405.297	*	365
=	106.53

Major Development PCL's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (397.737	+	453.804)	/	2 )	/	406.934	*	365 / 4
=	425.7705					/	406.934	*	365 / 4
=	95.47

Major Development PCL Days Payable Related Terms

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Major Development PCL (BKK:MJD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Major Development PCL (BKK:MJD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sukhumvit Road, 141 Soi Sukhumvit 63 (Ekamai), Klongton Nua, Wattana, Bangkok, THA, 10110

Website

https://www.mjd.co.th

Major Development PCL is a Thailand based real estate company. The operating segments of the group are Property development business segment; Hotel business segment and Rental and service business segment. It derives prime revenue from the Property development business segment which engages in the development of land and houses and residential condominium units for sale. The group primarily operates in Thailand.

Major Development PCL (BKK:MJD) Headlines

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