Meikles (LSE:MIK) Days Payable: 6.11 (As of Feb. 2024)


LSE:MIK Meikles Ltd LSE:MIK
17 GF Score
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What is Meikles Days Payable?

Meikles LSE:MIK 17 Days Payable is 6.11 as of Feb. 2024. GuruFocus rates LSE:MIK with a GF Score™ of 17/100.

Meikles's average Accounts Payable for the six months ended in Feb. 2024 was $771 Mil. Meikles's Cost of Goods Sold for the six months ended in Feb. 2024 was $23,011 Mil. Hence, Meikles's Days Payable for the six months ended in Feb. 2024 was 6.11.

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

LSE:MIK's Days Payable is not ranked *
in the Retail - Cyclical industry.
Industry Median: 51.85
* Ranked among companies with meaningful Days Payable only.

Meikles's Days Payable declined from Sep. 2022 (29.77) to Feb. 2024 (6.11). It may suggest that Meikles accelerated paying its suppliers.

Meikles Days Payable Historical Data

* Premium members only.

The historical data trend for Meikles'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.

Meikles Days Payable Chart

Meikles Annual Data
Trend Dec08 Dec09 Mar11 Mar12 Mar19 Mar20 Mar21 Mar22 Feb24
Days Payable
Get a 7-Day Free Trial Premium Member Only 347.87 12.26 18.38 20.59 8.56

Meikles Semi-Annual Data
Dec08 Dec09 Mar11 Mar12 Sep12 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Aug23 Feb24
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 Premium Member Only 10.36 17.31 29.77 21.11 6.11

LSE:MIK vs DDS, M: Days Payable Comparison

For the Department Stores subindustry, Meikles'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.

Meikles Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Days Payable distribution charts can be found below:

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


LSE:MIK
17GF Score
Meikles Ltd LSE:MIK
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Meikles 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.

Meikles's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

Days Payable (A: Feb. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2022 ) + Accounts Payable (A: Feb. 2024 )) / count ) / Cost of Goods Sold (A: Feb. 2024 )*Days in Period
=( (41.568 + 1133.594) / 2 ) / 25040.546*365
=587.581 / 25040.546*365
=8.56

Meikles's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

Days Payable (Q: Feb. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2023 ) + Accounts Payable (Q: Feb. 2024 )) / count ) / Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=( (408.248 + 1133.594) / 2 ) / 23011.032*365 / 2
=770.921 / 23011.032*365 / 2
=6.11

* 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 6.11 mean?
Meikles (LSE:MIK) has a Days Payable of 6.11 as of Feb. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Meikles and its competitors.
Is Meikles' Days Payable too high?
Meikles' current Days Payable is 6.11. The Retail - Cyclical industry median Days Payable is 51.85. Meikles' value of 6.11 is 88.2% below this industry median. Overall, Meikles has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Meikles' Days Payable compare to DDS and M?
Meikles' Days Payable of 6.11 can be compared against companies in the Retail - Cyclical industry. The industry median Days Payable is 51.85. Meikles' value of 6.11 is 88.2% below 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 a Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.85, based on 1,095 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. Meikles's current Days Payable of 6.11 is 88.2% below 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 Meikles and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meikles's current Days Payable is 6.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meikles stock overvalued right now?
Meikles (LSE:MIK) has a current Days Payable of 6.11. The current Days Payable is 6.11 and 88.2% below the Retail - Cyclical industry median of 51.85. Meikles' overall GF Score™ is 17/100. 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 Meikles (LSE:MIK), the current Days Payable is 6.11 as of Feb. 2024. 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.

Meikles Business Description

Address 4 Steppes Road, Highlands, Harare, ZWE
Meikles Ltd is a Zimbabwe-based investment holding company with diversified segments. Its Supermarkets segment operates a chain of stores offering groceries, fresh produce, and household goods, generating the majority of the revenue in Zimbabwe. The Hotels segment provides accommodation, food and beverage services, event hosting, and leisure facilities. The Properties segment develops, leases, and manages commercial properties. The Security Services segment provides on-site personnel to corporate and residential clients, while the Corporate segment oversees administration and strategic planning. Operations are divided between Zimbabwe and non-Zimbabwe, with the majority of revenue coming from Zimbabwe.
17GF Score

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