Grupo Mexicano de Desarrollo S A B (MEX:GMD) Days Payable : 85.55 (As of Mar. 2024)

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What is Grupo Mexicano de Desarrollo S A B Days Payable?

Grupo Mexicano de Desarrollo S A B's average Accounts Payable for the three months ended in Mar. 2024 was MXN703 Mil. Grupo Mexicano de Desarrollo S A B's Cost of Goods Sold for the three months ended in Mar. 2024 was MXN750 Mil. Hence, Grupo Mexicano de Desarrollo S A B's Days Payable for the three months ended in Mar. 2024 was 85.55.

The historical rank and industry rank for Grupo Mexicano de Desarrollo S A B's Days Payable or its related term are showing as below:

MEX:GMD' s Days Payable Range Over the Past 10 Years
Min: 56.2 Med: 126.47 Max: 164.56
Current: 56.2

During the past 13 years, Grupo Mexicano de Desarrollo S A B's highest Days Payable was 164.56. The lowest was 56.20. And the median was 126.47.

MEX:GMD's Days Payable is ranked worse than
58.23% of 498 companies
in the Utilities - Regulated industry
Industry Median: 66.265 vs MEX:GMD: 56.20

Grupo Mexicano de Desarrollo S A B's Days Payable declined from Mar. 2023 (90.85) to Mar. 2024 (85.55). It may suggest that Grupo Mexicano de Desarrollo S A B accelerated paying its suppliers.

Grupo Mexicano de Desarrollo S A B Days Payable Historical Data

The historical data trend for Grupo Mexicano de Desarrollo S A B'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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Grupo Mexicano de Desarrollo S A B Days Payable Chart

Grupo Mexicano de Desarrollo S A B Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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120.79

106.97

122.11

117.52

113.49

Grupo Mexicano de Desarrollo S A B 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															90.85	42.83	42.95	72.11	85.55

Competitive Comparison of Grupo Mexicano de Desarrollo S A B's Days Payable

For the Utilities - Regulated Water subindustry, Grupo Mexicano de Desarrollo S A B'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.

Grupo Mexicano de Desarrollo S A B's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Grupo Mexicano de Desarrollo S A B's Days Payable distribution charts can be found below:

* The bar in red indicates where Grupo Mexicano de Desarrollo S A B's Days Payable falls into.

Grupo Mexicano de Desarrollo S A B 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.

Grupo Mexicano de Desarrollo S A B'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
=	( (1053.51	+	1056.853)	/	2 )	/	3393.653	*	365
=	1055.1815					/	3393.653	*	365
=	113.49

Grupo Mexicano de Desarrollo S A B'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
=	( (1056.853	+	349.04)	/	2 )	/	749.822	*	365 / 4
=	702.9465					/	749.822	*	365 / 4
=	85.55

Grupo Mexicano de Desarrollo S A B Days Payable Related Terms

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Grupo Mexicano de Desarrollo S A B (MEX:GMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Grupo Mexicano de Desarrollo S A B (MEX:GMD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GMXDF:USA

Address

Carretera Mexico, Toluca 4000, Cuajimalpa, DF, MEX, 05000

Website

http://www.gmd.com.mx

Grupo Mexicano de Desarrollo S A B is engaged in the creation, construction, and administration of infrastructure projects in Mexico. It offers engineering solutions including the construction of civil works and operation of services public concessions. The infrastructure projects of the company comprise Viaducto Punta Diamante, Ecosys I y II, Industria Metalica Integrada, and Carretera Mozimba-Pie de la Cuesta among others.

Grupo Mexicano de Desarrollo S A B (MEX:GMD) Headlines

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