MCZAF (Mad Catz Interactive) Days Payable: 98.32 (As of Dec. 2016)

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What is Mad Catz Interactive Days Payable?

Mad Catz Interactive MCZAF -3.33% Days Payable is 98.32 as of Dec. 2016.

Mad Catz Interactive's average Accounts Payable for the three months ended in Dec. 2016 was $19.14 Mil. Mad Catz Interactive's Cost of Goods Sold for the three months ended in Dec. 2016 was $17.77 Mil. Hence, Mad Catz Interactive's Days Payable for the three months ended in Dec. 2016 was 98.32.

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

MCZAF's Days Payable is not ranked *
in the Hardware industry.
Industry Median: 69.89
* Ranked among companies with meaningful Days Payable only.

Mad Catz Interactive's Days Payable increased from Dec. 2015 (57.09) to Dec. 2016 (98.32). It may suggest that Mad Catz Interactive delayed paying its suppliers.


Mad Catz Interactive Days Payable Historical Data

* Premium members only.

The historical data trend for Mad Catz Interactive'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.

Mad Catz Interactive Days Payable Chart

Mad Catz Interactive Annual Data
Trend Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.45 68.75 79.95 87.96 68.25

Mad Catz Interactive Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 57.09 136.00 210.74 140.32 98.32

MCZAF vs ECRP: Days Payable Comparison

For the Computer Hardware subindustry, Mad Catz Interactive'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.


Mad Catz Interactive Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Mad Catz Interactive's Days Payable distribution charts can be found below:

* The bar in red indicates where Mad Catz Interactive's Days Payable falls into.



Mad Catz Interactive 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.

Mad Catz Interactive's Days Payable for the fiscal year that ended in Mar. 2016 is calculated as

Days Payable (A: Mar. 2016 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2015 ) + Accounts Payable (A: Mar. 2016 )) / count ) / Cost of Goods Sold (A: Mar. 2016 )*Days in Period
=( (16.404 + 25.354) / 2 ) / 111.658*365
=20.879 / 111.658*365
=68.25

Mad Catz Interactive's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable (Q: Dec. 2016 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2016 ) + Accounts Payable (Q: Dec. 2016 )) / count ) / Cost of Goods Sold (Q: Dec. 2016 )*Days in Period
=( (19.145 + 19.141) / 2 ) / 17.766*365 / 4
=19.143 / 17.766*365 / 4
=98.32

* 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 98.32 mean?
Mad Catz Interactive (MCZAF) has a Days Payable of 98.32 as of Dec. 2016. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Mad Catz Interactive and its competitors.
Is Mad Catz Interactive's Days Payable too high?
Mad Catz Interactive's current Days Payable is 98.32. The Hardware industry median Days Payable is 69.89. Mad Catz Interactive's value of 98.32 is 40.7% above this industry median.
How does Mad Catz Interactive's Days Payable compare to ECRP?
Mad Catz Interactive's Days Payable of 98.32 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.89. Mad Catz Interactive's value of 98.32 is 40.7% 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 Hardware company?
The median Days Payable among Hardware companies is 69.89, based on 2,442 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. Mad Catz Interactive's current Days Payable of 98.32 is 40.7% 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 Mad Catz Interactive and its competitors. For the Hardware industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mad Catz Interactive's current Days Payable is 98.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mad Catz Interactive stock overvalued right now?
Mad Catz Interactive (MCZAF) has a current Days Payable of 98.32. The current Days Payable is 98.32 and 40.7% above the Hardware industry median of 69.89. 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 Mad Catz Interactive (MCZAF), the current Days Payable is 98.32 as of Dec. 2016. 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.

Mad Catz Interactive Business Description

Address 181 Bay Street, Suite 4400, Toronto, ON, CAN, M5J 2T3
Mad Catz Interactive Inc is a Canadian company which is engaged in designing, manufacturing, marketing and distributing interactive entertainment products marketed under Mad Catz (gaming), Tritton (audio), and Saitek (simulation) brands. The company's products include headsets, mice, keyboards, controllers, specialty controllers, and other accessories. It caters to gamers and simulation enthusiast across multiple platforms including in-home gaming consoles, handheld gaming consoles, PC (Personal Computers) and Mac computers, smartphones, tablets and other smart devices. The company distributes its products through various retailers around the globe. Mad Catz derives the majority of its revenue from Americas.