Mig Holdings (LTS:0IMY) Days Payable: 97.30 (As of Jun. 2024)


LTS:0IMY Mig Holdings SA LTS:0IMY
33 GF Score
Price €4.39
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What is Mig Holdings Days Payable?

Mig Holdings LTS:0IMY 33 Days Payable is 97.30 as of Jun. 2024. GuruFocus rates LTS:0IMY with a GF Score™ of 33/100.

Mig Holdings's average Accounts Payable for the six months ended in Jun. 2024 was €0.91 Mil. Mig Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was €1.70 Mil. Hence, Mig Holdings's Days Payable for the six months ended in Jun. 2024 was 97.30.

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

LTS:0IMY's Days Payable is not ranked *
in the Real Estate industry.
Industry Median: 94.38
* Ranked among companies with meaningful Days Payable only.

Mig Holdings's Days Payable increased from Jun. 2023 (61.29) to Jun. 2024 (97.30). It may suggest that Mig Holdings delayed paying its suppliers.

Mig Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Mig Holdings'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.

Mig Holdings Days Payable Chart

Mig Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 137.46 109.11 1,531.17 1,836.78 95.47

Mig Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,476.78 3,184.86 61.29 75.96 97.30

LTS:0IMY vs CBRE, CSGP, BEKE: Days Payable Comparison

For the Real Estate Services subindustry, Mig Holdings'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.

Mig Holdings Days Payable vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Mig Holdings's Days Payable distribution charts can be found below:

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


LTS:0IMY
33GF Score
Mig Holdings SA LTS:0IMY
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Mig Holdings 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.

Mig Holdings'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
=( (0.706 + 0.989) / 2 ) / 3.24*365
=0.8475 / 3.24*365
=95.47

Mig Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0.989 + 0.827) / 2 ) / 1.703*365 / 2
=0.908 / 1.703*365 / 2
=97.30

* 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 97.30 mean?
Mig Holdings (LTS:0IMY) has a Days Payable of 97.30 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Mig Holdings and its competitors.
Is Mig Holdings' Days Payable too high?
Mig Holdings' current Days Payable is 97.30. The Real Estate industry median Days Payable is 94.38. Mig Holdings' value of 97.30 is 3.1% above this industry median. Overall, Mig Holdings has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Mig Holdings' Days Payable compare to CBRE and CSGP?
Mig Holdings' Days Payable of 97.30 can be compared against companies in the Real Estate industry. The industry median Days Payable is 94.38. Mig Holdings' value of 97.30 is 3.1% 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 a Real Estate company?
The median Days Payable among Real Estate companies is 94.38, based on 1,569 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. Mig Holdings's current Days Payable of 97.30 is 3.1% 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 Mig Holdings and its competitors. For the Real Estate industry, the median Days Payable is 94.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mig Holdings's current Days Payable is 97.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mig Holdings stock overvalued right now?
Mig Holdings (LTS:0IMY) has a current Days Payable of 97.30. The current Days Payable is 97.30 and 3.1% above the Real Estate industry median of 94.38. Mig Holdings' overall GF Score™ is 33/100. 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 Mig Holdings (LTS:0IMY), the current Days Payable is 97.30 as of Jun. 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.

Mig Holdings Business Description

Address El. Venizelou 10, Athens, GRC, 106 71
Mig Holdings SA is an investment holding company. Through its subsidiaries, the company operates its business in various segments which include Financial Services, Real Estate, and Others. The majority of the company's revenues are generated through the Real Estate segment. This activity consists of the purchase of real estate and exercising ownership of that real estate. Geographically, it operates in Greece, European Countries, and Other countries, out of which the majority is from European countries.
33GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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