MGTC (Megatech) Days Payable: 64.84 (As of Jun. 2004)


What is Megatech Days Payable?

Megatech MGTC -42.86% Days Payable is 64.84 as of Jun. 2004.

Megatech's average Accounts Payable for the three months ended in Jun. 2004 was $0.11 Mil. Megatech's Cost of Goods Sold for the three months ended in Jun. 2004 was $0.15 Mil. Hence, Megatech's Days Payable for the three months ended in Jun. 2004 was 64.84.

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

MGTC's Days Payable is not ranked *
in the Industrial Products industry.
Industry Median: 78.08
* Ranked among companies with meaningful Days Payable only.

Megatech's Days Payable increased from Jun. 2003 (45.16) to Jun. 2004 (64.84). It may suggest that Megatech delayed paying its suppliers.

Megatech Days Payable Historical Data

* Premium members only.

The historical data trend for Megatech'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.

Megatech Days Payable Chart

Megatech Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03
Days Payable
28.11 31.02 35.24 42.25 31.95

Megatech Quarterly Data
Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04
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 45.16 35.14 16.31 28.57 64.84

MGTC vs NRBT, EVTN: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Megatech'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.

Megatech Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Megatech's Days Payable distribution charts can be found below:

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


Megatech 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.

Megatech's Days Payable for the fiscal year that ended in Dec. 2003 is calculated as

Days Payable (A: Dec. 2003 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2002 ) + Accounts Payable (A: Dec. 2003 )) / count ) / Cost of Goods Sold (A: Dec. 2003 )*Days in Period
=( (0.219 + 0.038) / 2 ) / 1.468*365
=0.1285 / 1.468*365
=31.95

Megatech's Days Payable for the quarter that ended in Jun. 2004 is calculated as:

Days Payable (Q: Jun. 2004 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2004 ) + Accounts Payable (Q: Jun. 2004 )) / count ) / Cost of Goods Sold (Q: Jun. 2004 )*Days in Period
=( (0.086 + 0.13) / 2 ) / 0.152*365 / 4
=0.108 / 0.152*365 / 4
=64.84

* 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 64.84 mean?
Megatech (MGTC) has a Days Payable of 64.84 as of Jun. 2004. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Megatech and its competitors.
Is Megatech's Days Payable too high?
Megatech's current Days Payable is 64.84. The Industrial Products industry median Days Payable is 78.08. Megatech's value of 64.84 is 17% below this industry median.
How does Megatech's Days Payable compare to NRBT and EVTN?
Megatech's Days Payable of 64.84 can be compared against companies in the Industrial Products industry. The industry median Days Payable is 78.08. Megatech's value of 64.84 is 17% below 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.08, based on 2,992 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. Megatech's current Days Payable of 64.84 is 17% below 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 Megatech and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Megatech's current Days Payable is 64.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Megatech stock overvalued right now?
Megatech (MGTC) has a current Days Payable of 64.84. The current Days Payable is 64.84 and 17% below the Industrial Products industry median of 78.08. 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 Megatech (MGTC), the current Days Payable is 64.84 as of Jun. 2004. 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.

Megatech Business Description

Address 525 Woburn Street, Suite 3, Tewksbury, MA, USA, 01876
Megatech Corp manufactures and develops oilless, multi-fueled engines and electric dynamometers. The company offers products in automotive, diesel, hybrid and alternative-fuel technologies. It also provides complete training programs for all areas of ASE certifications.