Midi (MAL:MDI) Days Payable : 11,841.08 (As of Jun. 2024)

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What is Midi Days Payable?

Midi's average Accounts Payable for the six months ended in Jun. 2024 was €44.51 Mil. Midi's Cost of Goods Sold for the six months ended in Jun. 2024 was €0.69 Mil. Hence, Midi's Days Payable for the six months ended in Jun. 2024 was 11,841.08.

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

MAL:MDI' s Days Payable Range Over the Past 10 Years
Min: 404.5 Med: 2516.85 Max: 11950.35
Current: 11835.27

During the past 13 years, Midi's highest Days Payable was 11950.35. The lowest was 404.50. And the median was 2516.85.

MAL:MDI's Days Payable is ranked better than
98.98% of 1561 companies
in the Real Estate industry
Industry Median: 95.42 vs MAL:MDI: 11835.27

Midi's Days Payable declined from Jun. 2023 (15,407.21) to Jun. 2024 (11,841.08). It may suggest that Midi accelerated paying its suppliers.

Midi Days Payable Historical Data

The historical data trend for Midi'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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Midi Days Payable Chart

Midi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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878.61

6,636.05

2,439.04

10,341.30

11,950.35

Midi 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															15,311.86	9,483.31	15,407.21	11,171.30	11,841.08

Competitive Comparison of Midi's Days Payable

For the Real Estate - Development subindustry, Midi'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.

Midi's Days Payable Distribution in the Real Estate Industry

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

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

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Midi 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.

Midi'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
=	( (40.535	+	40.269)	/	2 )	/	1.234	*	365
=	40.402					/	1.234	*	365
=	11,950.35

Midi'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
=	( (40.269	+	48.75)	/	2 )	/	0.686	*	365 / 2
=	44.5095					/	0.686	*	365 / 2
=	11,841.08

Midi Days Payable Related Terms

Thank you for viewing the detailed overview of Midi's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Midi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Midi PLC (MAL:MDI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Shore, Manoel Island, Gzira, MLT, GZR 3016

Website

https://www.midimalta.com

Midi PLC is a Malta-based real estate services company. It has structured its operations into the two business divisions, Development and Sale of Property division comprises the construction and sale of residential units within Tigne Point and Manoel Island Project; and Property Rental and Management division, which involves the leasing and management of retail space at Pjazza Tigne and the catering units situated at the Foreshore. In addition, SIS services pertaining to HVAC, telephony and internet services, and building technology service are also being included in Property Rental and Management segment.

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