MGIH (Millennium Group International Holdings) Days Payable : 52.25 (As of Jun. 2024)

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What is Millennium Group International Holdings Days Payable?

Millennium Group International Holdings's average Accounts Payable for the six months ended in Jun. 2024 was $3.61 Mil. Millennium Group International Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was $12.61 Mil. Hence, Millennium Group International Holdings's Days Payable for the six months ended in Jun. 2024 was 52.25.

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

MGIH' s Days Payable Range Over the Past 10 Years
Min: 37.97 Med: 40.64 Max: 45.35
Current: 42.78

During the past 4 years, Millennium Group International Holdings's highest Days Payable was 45.35. The lowest was 37.97. And the median was 40.64.

MGIH's Days Payable is ranked worse than
66.32% of 383 companies
in the Packaging & Containers industry
Industry Median: 58.56 vs MGIH: 42.78

Millennium Group International Holdings's Days Payable increased from Jun. 2023 (43.55) to Jun. 2024 (52.25). It may suggest that Millennium Group International Holdings delayed paying its suppliers.

Millennium Group International Holdings Days Payable Historical Data

The historical data trend for Millennium Group International 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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Millennium Group International Holdings Days Payable Chart

Millennium Group International Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Days Payable

37.97

38.64

45.35

42.63

Millennium Group International Holdings Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			44.60	44.62	43.55	36.15	52.25

Competitive Comparison of Millennium Group International Holdings's Days Payable

For the Packaging & Containers subindustry, Millennium Group International 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.

Millennium Group International Holdings's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Millennium Group International Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Millennium Group International Holdings's Days Payable falls into.

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Millennium Group International 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.

Millennium Group International Holdings's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (3.412	+	3.648)	/	2 )	/	30.226	*	365
=	3.53					/	30.226	*	365
=	42.63

Millennium Group International Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (3.569	+	3.648)	/	2 )	/	12.605	*	365 / 2
=	3.6085					/	12.605	*	365 / 2
=	52.25

Millennium Group International Holdings Days Payable Related Terms

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Millennium Group International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Millennium Group International Holdings Ltd (NAS:MGIH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flat B-C, 1st Floor, Wang Kwong Industrial Buiding, 45 Hung To Road, Kwun Tong, Kowloon, Hong Kong, HKG, 999077

Website

https://www.millennium-gp.com

Millennium Group International Holdings Ltd is a paper-based packaging solutions supplier. It offers paper-based inner and outer packaging products which can be broadly categorized into packaging products, Packaging products supply chain management solutions and corrugated products.

Millennium Group International Holdings Headlines

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