Micro-Mechanics (Holdings) (Micro-Mechanics (Holdings)) Days Payable : 58.38 (As of Mar. 2024)

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What is Micro-Mechanics (Holdings) Days Payable?

Micro-Mechanics (Holdings)'s average Accounts Payable for the three months ended in Mar. 2024 was $3.48 Mil. Micro-Mechanics (Holdings)'s Cost of Goods Sold for the three months ended in Mar. 2024 was $5.44 Mil. Hence, Micro-Mechanics (Holdings)'s Days Payable for the three months ended in Mar. 2024 was 58.38.

The historical rank and industry rank for Micro-Mechanics (Holdings)'s Days Payable or its related term are showing as below:

MCRNF' s Days Payable Range Over the Past 10 Years
Min: 15.62 Med: 82.06 Max: 103.08
Current: 61.6

During the past 13 years, Micro-Mechanics (Holdings)'s highest Days Payable was 103.08. The lowest was 15.62. And the median was 82.06.

MCRNF's Days Payable is ranked better than
59.23% of 964 companies
in the Semiconductors industry
Industry Median: 51.61 vs MCRNF: 61.60

Micro-Mechanics (Holdings)'s Days Payable declined from Mar. 2023 (65.54) to Mar. 2024 (58.38). It may suggest that Micro-Mechanics (Holdings) accelerated paying its suppliers.

Micro-Mechanics (Holdings) Days Payable Historical Data

The historical data trend for Micro-Mechanics (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.

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Micro-Mechanics (Holdings) Days Payable Chart

Micro-Mechanics (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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88.67

83.79

79.56

80.87

74.02

Micro-Mechanics (Holdings) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															65.54	61.52	65.40	64.03	58.38

Competitive Comparison of Micro-Mechanics (Holdings)'s Days Payable

For the Semiconductor Equipment & Materials subindustry, Micro-Mechanics (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.

Micro-Mechanics (Holdings)'s Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Micro-Mechanics (Holdings)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Micro-Mechanics (Holdings)'s Days Payable falls into.

Micro-Mechanics (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.

Micro-Mechanics (Holdings)'s Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (6.406	+	4.389)	/	2 )	/	26.617	*	365
=	5.3975					/	26.617	*	365
=	74.02

Micro-Mechanics (Holdings)'s Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.547	+	3.412)	/	2 )	/	5.439	*	365 / 4
=	3.4795					/	5.439	*	365 / 4
=	58.38

Micro-Mechanics (Holdings) Days Payable Related Terms

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Micro-Mechanics (Holdings) (Micro-Mechanics (Holdings)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micro-Mechanics (Holdings) Ltd (OTCPK:MCRNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5DD:Singapore

Address

No. 31 Kaki Bukit Place, Eunos Techpark, Singapore, SGP, 416209

Website

https://www.micro-mechanics.com

Micro-Mechanics (Holdings) Ltd designs, manufactures and markets high precision parts and tools used in process-critical applications for the wafer-fabrication and assembly processes of the semiconductor industry. The company's geographical segment includes Singapore, Malaysia, the Philippines, the United States of America, and China. The product line of the company consists of die-attach, wire-bonding, and encapsulation, and custom manufacturing.