Minasmaquinas (BSP:MMAQ3) Days Payable : 8.28 (As of Dec. 2023)

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What is Minasmaquinas Days Payable?

Minasmaquinas's average Accounts Payable for the three months ended in Dec. 2023 was R$22.8 Mil. Minasmaquinas's Cost of Goods Sold for the three months ended in Dec. 2023 was R$251.1 Mil. Hence, Minasmaquinas's Days Payable for the three months ended in Dec. 2023 was 8.28.

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

BSP:MMAQ3' s Days Payable Range Over the Past 10 Years
Min: 9.21 Med: 46.58 Max: 69.98
Current: 9.96

During the past 13 years, Minasmaquinas's highest Days Payable was 69.98. The lowest was 9.21. And the median was 46.58.

BSP:MMAQ3's Days Payable is not ranked
in the Vehicles & Parts industry.
Industry Median: 65.67 vs BSP:MMAQ3: 9.96

Minasmaquinas's Days Payable declined from Dec. 2022 (21.01) to Dec. 2023 (8.28). It may suggest that Minasmaquinas accelerated paying its suppliers.

Minasmaquinas Days Payable Historical Data

The historical data trend for Minasmaquinas'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.

* Premium members only.

Minasmaquinas Days Payable Chart

Minasmaquinas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.22

43.94

34.22

19.12

9.21

Minasmaquinas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															21.01	11.18	11.55	9.96	8.28

Competitive Comparison of Minasmaquinas's Days Payable

For the Auto & Truck Dealerships subindustry, Minasmaquinas'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.

Minasmaquinas's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Minasmaquinas's Days Payable distribution charts can be found below:

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

Minasmaquinas 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.

Minasmaquinas'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
=	( (28.276	+	18.031)	/	2 )	/	917.445	*	365
=	23.1535					/	917.445	*	365
=	9.21

Minasmaquinas'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (27.522	+	18.031)	/	2 )	/	251.076	*	365 / 4
=	22.7765					/	251.076	*	365 / 4
=	8.28

Minasmaquinas Days Payable Related Terms

Thank you for viewing the detailed overview of Minasmaquinas's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Minasmaquinas (BSP:MMAQ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Minasmaquinas SA (BSP:MMAQ3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Br 381 Rod Fernao Dias Km 02, 2211, Contagem, MG, BRA, 32240090

Website

http://www.minasmaquinas.com.br

Minasmaquinas SA sells Mercedes-Benz commercial vehicles such as trucks, mini, urban, and highway buses, and sprinters such as vans and frames. It also offers vehicle parts and resells truck tires, as well as provides technical assistance services. Minasmaquinas is mainly active in the marketing of vehicles and autoparts, as well as provision of services under the brand Mercedes-Benz. It is also involved in the sale of tires under the brand name Michelin.

Minasmaquinas (BSP:MMAQ3) Headlines

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