Maistro (LSE:MAIS) Days Payable: 117.66 (As of Dec. 2018) — 34% Above Median


What is Maistro Days Payable?

Maistro LSE:MAIS Days Payable is 117.66 as of Dec. 2018, which is 34% above its 10-year median of 87.72. The stock has 3 warning signs investors should review.

Maistro's average Accounts Payable for the six months ended in Dec. 2018 was £0.55 Mil. Maistro's Cost of Goods Sold for the six months ended in Dec. 2018 was £0.85 Mil. Hence, Maistro's Days Payable for the six months ended in Dec. 2018 was 117.66.

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

LSE:MAIS' s Days Payable Range Over the Past 10 Years
Min: 17.38   Med: 87.72   Max: 11680
Current: 105.79

During the past 10 years, Maistro's highest Days Payable was 11680.00. The lowest was 17.38. And the median was 87.72.

LSE:MAIS's Days Payable is not ranked
in the Software industry.
Industry Median: 53.675 vs LSE:MAIS: 105.79

Maistro's Days Payable declined from Dec. 2017 (290.62) to Dec. 2018 (117.66). It may suggest that Maistro accelerated paying its suppliers.


Maistro Days Payable Historical Data

* Premium members only.

The historical data trend for Maistro'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.

Maistro Days Payable Chart

Maistro Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.79 93.61 172.36 245.93 108.75

Maistro Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 382.04 501.31 290.62 192.81 117.66

LSE:MAIS vs LKCO, LIVC: Days Payable Comparison

For the Software - Application subindustry, Maistro'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.


Maistro Days Payable vs Software Industry

For the Software industry and Technology sector, Maistro's Days Payable distribution charts can be found below:

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



Maistro 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.

Maistro's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

Days Payable (A: Dec. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2017 ) + Accounts Payable (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (0.412 + 0.405) / 2 ) / 1.371*365
=0.4085 / 1.371*365
=108.75

Maistro's Days Payable for the quarter that ended in Dec. 2018 is calculated as:

Days Payable (Q: Dec. 2018 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2018 ) + Accounts Payable (Q: Dec. 2018 )) / count ) / Cost of Goods Sold (Q: Dec. 2018 )*Days in Period
=( (0.691 + 0.405) / 2 ) / 0.85*365 / 2
=0.548 / 0.85*365 / 2
=117.66

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 117.66 mean?
Maistro (LSE:MAIS) has a Days Payable of 117.66 as of Dec. 2018. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Maistro and its competitors. This is 34% above median its historical median of 87.72. Over the past decade, Maistro's Days Payable has ranged from 17.38 to 11,680.00.
Is Maistro's Days Payable too high?
Maistro's current Days Payable of 117.66 is 34% above median its 10-year median of 87.72. Over the past 10 years, this metric has ranged from a low of 17.38 to a high of 11,680.00. The Software industry median Days Payable is 53.68. Maistro's value of 117.66 is 119.2% above this industry median.
How does Maistro's Days Payable compare to LKCO and LIVC?
Maistro's Days Payable of 117.66 can be compared against companies in the Software industry. The industry median Days Payable is 53.68. Maistro's value of 117.66 is 119.2% above this benchmark. Historically, Maistro's own Days Payable has ranged from 17.38 to 11,680.00 over the past decade. While the company's 10-year median is 87.72 vs. the industry median of 53.68, Maistro has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 53.68, based on 2,598 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Maistro's current Days Payable of 117.66 is 119.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Maistro and its competitors. For the Software industry, the median Days Payable is 53.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maistro's current Days Payable is 117.66, which is 34% above median its own 10-year median of 87.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maistro stock overvalued right now?
Maistro (LSE:MAIS) has a current Days Payable of 117.66. The current Days Payable is 117.66, which is 34% above median its 10-year median of 87.72 and 119.2% above the Software industry median of 53.68. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Maistro (LSE:MAIS), the current Days Payable is 117.66 as of Dec. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Maistro Business Description

Address 3 Babbage Way, 1A, Grow On Building, Science Park, Clyst Honiton, Exeter, Devon, GBR, EX5 2FN
Maistro PLC operates an enterprise services platform that helps organizations eliminated the waste and inefficiency inherent in traditional purchasing of business services. It provides cloud-based software and managed services to create an end to end solution that includes sourcing, supplier short listing, contract and project management through to payment processing and reporting. The firm has the provision of services segment. It derives revenue from Buyer plans, Buyer premium services, Buyer market intelligence tools, Service provider subscriptions and Project revenue. The company operates mainly in UK and US.