MDM Engineering Group (LSE:MDM) Days Payable : 37.39 (As of Mar. 2014)

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What is MDM Engineering Group Days Payable?

MDM Engineering Group's average Accounts Payable for the six months ended in Mar. 2014 was £5.13 Mil. MDM Engineering Group's Cost of Goods Sold for the six months ended in Mar. 2014 was £25.03 Mil. Hence, MDM Engineering Group's Days Payable for the six months ended in Mar. 2014 was 37.39.

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

LSE:MDM' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 35.7
Current: 35.7

During the past 7 years, MDM Engineering Group's highest Days Payable was 35.70. The lowest was 0.00. And the median was 0.00.

LSE:MDM's Days Payable is not ranked
in the Business Services industry.
Industry Median: 47.5 vs LSE:MDM: 35.70

MDM Engineering Group's Days Payable declined from Mar. 2013 (75.35) to Mar. 2014 (37.39). It may suggest that MDM Engineering Group accelerated paying its suppliers.

MDM Engineering Group Days Payable Historical Data

The historical data trend for MDM Engineering 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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MDM Engineering Group Days Payable Chart

MDM Engineering Group Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Days Payable

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23.99

46.43

42.78

59.67

67.42

MDM Engineering Group Semi-Annual Data
	Mar12	Sep12	Mar13	Sep13	Mar14
Days Payable	42.38	36.60	75.35	63.65	37.39

Competitive Comparison of MDM Engineering Group's Days Payable

For the Specialty Business Services subindustry, MDM Engineering 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.

MDM Engineering Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MDM Engineering Group's Days Payable distribution charts can be found below:

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

MDM Engineering 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.

MDM Engineering Group's Days Payable for the fiscal year that ended in Mar. 2014 is calculated as

	Days Payable (A: Mar. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2013 )	+	Accounts Payable (A: Mar. 2014 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2014 )	*	Days in Period
=	( (13.708	+	5.09)	/	2 )	/	50.888	*	365
=	9.399					/	50.888	*	365
=	67.42

MDM Engineering Group'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
=	( (5.166	+	5.09)	/	2 )	/	25.033	*	365 / 2
=	5.128					/	25.033	*	365 / 2
=	37.39

MDM Engineering Group Days Payable Related Terms

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MDM Engineering Group (LSE:MDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MDM Engineering Group Ltd (LSE:MDM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.mdm-engineering.com

MDM Engineering Group Ltd is engaged in the mineral process engineering and project management. The company has operations in the South Africa.

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