Manroy (LSE:MANA) Days Payable: 167.89 (As of Mar. 2014)


What is Manroy Days Payable?

Manroy LSE:MANA Days Payable is 167.89 as of Mar. 2014. The stock has 2 warning signs investors should review.

Manroy's average Accounts Payable for the six months ended in Mar. 2014 was £2.73 Mil. Manroy's Cost of Goods Sold for the six months ended in Mar. 2014 was £2.97 Mil. Hence, Manroy's Days Payable for the six months ended in Mar. 2014 was 167.89.

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

LSE:MANA' s Days Payable Range Over the Past 10 Years
Min: 0   Med: 0   Max: 241.88
Current: 241.88

During the past 5 years, Manroy's highest Days Payable was 241.88. The lowest was 0.00. And the median was 0.00.

LSE:MANA's Days Payable is not ranked
in the Aerospace & Defense industry.
Industry Median: 64.65 vs LSE:MANA: 241.88

Manroy's Days Payable increased from Mar. 2013 (150.66) to Mar. 2014 (167.89). It may suggest that Manroy delayed paying its suppliers.

Manroy Days Payable Historical Data

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The historical data trend for Manroy'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.

Manroy Days Payable Chart

Manroy Annual Data
Trend Sep09 Sep10 Sep11 Sep12 Sep13
Days Payable
0.00 0.00 118.58 137.61 101.00

Manroy Semi-Annual Data
Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14
Days Payable Get a 7-Day Free Trial 118.80 106.18 150.66 109.84 167.89

LSE:MANA vs DRNE, SDEV, SIF: Days Payable Comparison

For the Aerospace & Defense subindustry, Manroy'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.

Manroy Days Payable vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Manroy's Days Payable distribution charts can be found below:

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


Manroy 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.

Manroy's Days Payable for the fiscal year that ended in Sep. 2013 is calculated as

Days Payable (A: Sep. 2013 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2012 ) + Accounts Payable (A: Sep. 2013 )) / count ) / Cost of Goods Sold (A: Sep. 2013 )*Days in Period
=( (2.11 + 1.31) / 2 ) / 6.18*365
=1.71 / 6.18*365
=101.00

Manroy's Days Payable for the quarter that ended in Mar. 2014 is calculated as:

Days Payable (Q: Mar. 2014 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2013 ) + Accounts Payable (Q: Mar. 2014 )) / count ) / Cost of Goods Sold (Q: Mar. 2014 )*Days in Period
=( (1.31 + 4.149) / 2 ) / 2.967*365 / 2
=2.7295 / 2.967*365 / 2
=167.89

* 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 167.89 mean?
Manroy (LSE:MANA) has a Days Payable of 167.89 as of Mar. 2014. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Manroy and its competitors.
Is Manroy's Days Payable too high?
Manroy's current Days Payable is 167.89. The Aerospace & Defense industry median Days Payable is 64.65. Manroy's value of 167.89 is 159.7% above this industry median.
How does Manroy's Days Payable compare to DRNE and SDEV?
Manroy's Days Payable of 167.89 can be compared against companies in the Aerospace & Defense industry. The industry median Days Payable is 64.65. Manroy's value of 167.89 is 159.7% above this benchmark. 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 an Aerospace & Defense company?
The median Days Payable among Aerospace & Defense companies is 64.65, based on 339 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. Manroy's current Days Payable of 167.89 is 159.7% 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 Manroy and its competitors. For the Aerospace & Defense industry, the median Days Payable is 64.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manroy's current Days Payable is 167.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manroy stock overvalued right now?
Manroy (LSE:MANA) has a current Days Payable of 167.89. The current Days Payable is 167.89 and 159.7% above the Aerospace & Defense industry median of 64.65. 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 Manroy (LSE:MANA), the current Days Payable is 167.89 as of Mar. 2014. 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.

Manroy Business Description

Manroy PLC designs, manufactures, supplies and supports machine guns, mounts and associated products, including the 12.7mm M2 HMG and the 7.62mm General Purpose Machine Gun, M16, M4 and M5 weapons, Quick Change Barrel kits as well as weapon tripods and mounting systems. Its flagship product is the M2 HMG, which it has supplied to the MoD for approximately 26 years.