MG (MISTRAS Group) Days Payable : 9.17 (As of Dec. 2024)

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What is MISTRAS Group Days Payable?

MISTRAS Group's average Accounts Payable for the three months ended in Dec. 2024 was $12.2 Mil. MISTRAS Group's Cost of Goods Sold for the three months ended in Dec. 2024 was $121.4 Mil. Hence, MISTRAS Group's Days Payable for the three months ended in Dec. 2024 was 9.17.

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

MG' s Days Payable Range Over the Past 10 Years
Min: 7.52 Med: 9.71 Max: 12.9
Current: 10.01

During the past 13 years, MISTRAS Group's highest Days Payable was 12.90. The lowest was 7.52. And the median was 9.71.

MG's Days Payable is ranked worse than
89.28% of 905 companies
in the Business Services industry
Industry Median: 45.98 vs MG: 10.01

MISTRAS Group's Days Payable declined from Dec. 2023 (11.25) to Dec. 2024 (9.17). It may suggest that MISTRAS Group accelerated paying its suppliers.

MISTRAS Group Days Payable Historical Data

The historical data trend for MISTRAS Group'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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MISTRAS Group Days Payable Chart

MISTRAS Group Annual Data

Trend

May15

May16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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12.90

10.31

9.48

10.76

9.95

MISTRAS Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															11.25	11.17	10.03	9.63	9.17

Competitive Comparison of MISTRAS Group's Days Payable

For the Security & Protection Services subindustry, MISTRAS Group'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.

MISTRAS Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MISTRAS Group's Days Payable distribution charts can be found below:

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

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MISTRAS Group 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.

MISTRAS Group's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (17.032	+	11.128)	/	2 )	/	516.531	*	365
=	14.08					/	516.531	*	365
=	9.95

MISTRAS Group's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (13.272	+	11.128)	/	2 )	/	121.405	*	365 / 4
=	12.2					/	121.405	*	365 / 4
=	9.17

MISTRAS Group Days Payable Related Terms

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MISTRAS Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MISTRAS Group Inc (NYSE:MG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MIY:Germany

Address

195 Clarksville Road, Princeton Junction, NJ, USA, 08550

Website

https://www.mistrasgroup.com

MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are North America, International and Products and Systems, of which key revenue is derived from the North America segment. Services segment provides asset protection solutions predominantly in North America, with the large amount of concentration in the United States, followed by Canada, consisting of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.

Executives

Nicholas Debenedictis	director	GLATFELTER, 96 SOUTH GEORGE ST STE 420, YORK PA 17401
Manuel N. Stamatakis	director	C/O MISTRAS GROUP, INC., 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Michael J. Lange	director, officer: Group EVP, Services	C/O MISTRAS GROUP, INC., 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Richard H Glanton	director	C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
John Anthony Smith	officer: Executive Vice President	195 CLARKSVILLE RD, PRINCETON JUNCTION NJ 08550
Gennaro A. D'alterio	officer: EVP, Chief Commercial Officer	PO BOX 144, HARLEYSVILLE PA 19438
Sotirios Vahaviolos January 2023 2-year Grantor Retained Annuity Trust	10 percent owner	C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Charles P Pizzi	director	C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112
Dennis Bertolotti	officer: President and COO, Services	C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Michelle Lohmeier	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., WICHITA KS 67210
Sotirios J. Vahaviolos	director, 10 percent owner, officer: Chairman, President and CEO	C/O MISTRAS GROUP, INC., 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Wayne Curtis Weldon	director	4687 WEST CHESTER PIKE, NEWTOWN SQUARE PA 19073
James J Forese	director, 10 percent owner	C/O SFN GROUP INC, 2050 SPECTRUM BOULEVARD, FT. LAUDERDALE FL 33309
Jonathan H Wolk	officer: EVP, Chief Financial Officer	3102 SHAWNEE DRIVE, WINCHESTER VA 22601
Michael C Keefe	officer: EVP, General Counsel	C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550