Mullen Group (FRA:9MU) Days Payable : 40.00 (As of Sep. 2024)

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What is Mullen Group Days Payable?

Mullen Group's average Accounts Payable for the three months ended in Sep. 2024 was €117 Mil. Mullen Group's Cost of Goods Sold for the three months ended in Sep. 2024 was €266 Mil. Hence, Mullen Group's Days Payable for the three months ended in Sep. 2024 was 40.00.

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

FRA:9MU' s Days Payable Range Over the Past 10 Years
Min: 11.34 Med: 12.44 Max: 34.66
Current: 34.66

During the past 13 years, Mullen Group's highest Days Payable was 34.66. The lowest was 11.34. And the median was 12.44.

FRA:9MU's Days Payable is ranked worse than
53.86% of 932 companies
in the Transportation industry
Industry Median: 37.29 vs FRA:9MU: 34.66

Mullen Group's Days Payable declined from Sep. 2023 (40.22) to Sep. 2024 (40.00). It may suggest that Mullen Group accelerated paying its suppliers.

Mullen Group Days Payable Historical Data

The historical data trend for Mullen 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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Mullen Group Days Payable Chart

Mullen Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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11.09

12.42

12.79

12.86

13.16

Mullen Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															40.22	27.47	25.29	37.93	40.00

Competitive Comparison of Mullen Group's Days Payable

For the Trucking subindustry, Mullen 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.

Mullen Group's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Mullen Group's Days Payable distribution charts can be found below:

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

Mullen 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.

Mullen Group'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
=	( (37.271	+	37.706)	/	2 )	/	1039.516	*	365
=	37.4885					/	1039.516	*	365
=	13.16

Mullen Group's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (112.842	+	120.309)	/	2 )	/	265.913	*	365 / 4
=	116.5755					/	265.913	*	365 / 4
=	40.00

Mullen Group Days Payable Related Terms

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Mullen Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mullen Group Ltd (FRA:9MU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MLLGF:USA 9MU:Germany MTL:Canada

Address

121A 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3

Website

https://www.mullen-group.com

Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings including less-than-truckload, truckload, Specialized & Industrial Services warehousing and logistics, U..S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.

Mullen Group Headlines

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