Mestek (Mestek) Days Payable : 14.14 (As of Sep. 2023)

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What is Mestek Days Payable?

Mestek's average Accounts Payable for the three months ended in Sep. 2023 was $11.8 Mil. Mestek's Cost of Goods Sold for the three months ended in Sep. 2023 was $76.2 Mil. Hence, Mestek's Days Payable for the three months ended in Sep. 2023 was 14.14.

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

MCCK' s Days Payable Range Over the Past 10 Years
Min: 17.78 Med: 21.61 Max: 56.55
Current: 56.55

During the past 13 years, Mestek's highest Days Payable was 56.55. The lowest was 17.78. And the median was 21.61.

MCCK's Days Payable is ranked worse than
64.65% of 1601 companies
in the Construction industry
Industry Median: 73.84 vs MCCK: 56.55

Mestek's Days Payable declined from Mar. 2018 (16.86) to Sep. 2023 (14.14). It may suggest that Mestek accelerated paying its suppliers.

Mestek Days Payable Historical Data

The historical data trend for Mestek'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.

* Premium members only.

Mestek Days Payable Chart

Mestek Annual Data

Trend

Dec03

Dec04

Dec05

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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21.90

19.61

20.23

20.66

17.78

Mestek Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Sep22	Sep23
Days Payable	Get a 7-Day Free Trial															16.86	19.15	17.98	12.55	14.14

Competitive Comparison of Mestek's Days Payable

For the Building Products & Equipment subindustry, Mestek'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.

Mestek's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mestek's Days Payable distribution charts can be found below:

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

Mestek 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.

Mestek's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (10.699	+	10.73)	/	2 )	/	219.944	*	365
=	10.7145					/	219.944	*	365
=	17.78

Mestek's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	11.813)	/	1 )	/	76.241	*	365 / 4
=	11.813					/	76.241	*	365 / 4
=	14.14

Mestek Days Payable Related Terms

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Mestek (Mestek) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mestek Inc (OTCPK:MCCK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

260 North Elm Street, Westfield, MA, USA, 1085

Website

https://www.mestek.com

Mestek Inc and its subsidiaries operate in two manufacturing business segments: heating, ventilating, and air conditioning equipment (HVAC) including architectural products, and metal forming equipment. The company manufactures its HVAC equipment and metal forming equipment at twelve factory locations and sells through an established distributor, dealer, and manufacturer's representative channels, in the United States and Canada. Geographically, it derives a majority of its revenue from North America and also has a presence in Europe, Asia, Mexico, and the Rest of the World.

Executives

J Nicholas Filler

officer: Senior Vice President

455 MATHEWS ROAD, CONWAY MA 01341

Mestek (Mestek) Headlines

From GuruFocus

Mestek (MCCK): a pinksheet stock w/ significant upside potential

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