Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) Days Payable: 58.49 (As of Dec. 2023)


MIC:MAGN Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
17 GF Score
Price ₽17.67
View Full Analysis

What is Magnitogorsk Iron & Steel Works PJSC Days Payable?

Magnitogorsk Iron & Steel Works PJSC MIC:MAGN -6.46% 17 Days Payable is 58.49 as of Dec. 2023. GuruFocus rates MIC:MAGN with a GF Score™ of 17/100.

Magnitogorsk Iron & Steel Works PJSC's average Accounts Payable for the six months ended in Dec. 2023 was ₽93,455 Mil. Magnitogorsk Iron & Steel Works PJSC's Cost of Goods Sold for the six months ended in Dec. 2023 was ₽291,579 Mil. Hence, Magnitogorsk Iron & Steel Works PJSC's Days Payable for the six months ended in Dec. 2023 was 58.49.

The historical rank and industry rank for Magnitogorsk Iron & Steel Works PJSC's Days Payable or its related term are showing as below:

MIC:MAGN's Days Payable is not ranked *
in the Steel industry.
Industry Median: 41.385
* Ranked among companies with meaningful Days Payable only.

Magnitogorsk Iron & Steel Works PJSC's Days Payable increased from Dec. 2022 (35.72) to Dec. 2023 (58.49). It may suggest that Magnitogorsk Iron & Steel Works PJSC delayed paying its suppliers.

Magnitogorsk Iron & Steel Works PJSC Days Payable Related Terms

Magnitogorsk Iron & Steel Works PJSC Days Payable Historical Data

* Premium members only.

The historical data trend for Magnitogorsk Iron & Steel Works PJSC'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.

Magnitogorsk Iron & Steel Works PJSC Days Payable Chart

Magnitogorsk Iron & Steel Works PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.37 42.86 38.39 37.97 40.57

Magnitogorsk Iron & Steel Works PJSC Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 45.70 39.83 35.72 57.81 58.49

MIC:MAGN vs NUE, STLD, RS: Days Payable Comparison

For the Steel subindustry, Magnitogorsk Iron & Steel Works PJSC'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.

Magnitogorsk Iron & Steel Works PJSC Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, Magnitogorsk Iron & Steel Works PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Magnitogorsk Iron & Steel Works PJSC's Days Payable falls into.


MIC:MAGN
17GF Score
Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Magnitogorsk Iron & Steel Works PJSC 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.

Magnitogorsk Iron & Steel Works PJSC'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
=( (46709 + 74074) / 2 ) / 543395*365
=60391.5 / 543395*365
=40.57

Magnitogorsk Iron & Steel Works PJSC's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (112836 + 74074) / 2 ) / 291579*365 / 2
=93455 / 291579*365 / 2
=58.49

* 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 58.49 mean?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a Days Payable of 58.49 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Magnitogorsk Iron & Steel Works PJSC and its competitors.
Is Magnitogorsk Iron & Steel Works PJSC's Days Payable too high?
Magnitogorsk Iron & Steel Works PJSC's current Days Payable is 58.49. The Steel industry median Days Payable is 41.39. Magnitogorsk Iron & Steel Works PJSC's value of 58.49 is 41.3% above this industry median. Overall, Magnitogorsk Iron & Steel Works PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnitogorsk Iron & Steel Works PJSC's Days Payable compare to NUE and STLD?
Magnitogorsk Iron & Steel Works PJSC's Days Payable of 58.49 can be compared against companies in the Steel industry. The industry median Days Payable is 41.39. Magnitogorsk Iron & Steel Works PJSC's value of 58.49 is 41.3% 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 Steel company?
The median Days Payable among Steel companies is 41.39, based on 598 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. Magnitogorsk Iron & Steel Works PJSC's current Days Payable of 58.49 is 41.3% 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 Magnitogorsk Iron & Steel Works PJSC and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnitogorsk Iron & Steel Works PJSC's current Days Payable is 58.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnitogorsk Iron & Steel Works PJSC stock overvalued right now?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a current Days Payable of 58.49. The current Days Payable is 58.49 and 41.3% above the Steel industry median of 41.39. Magnitogorsk Iron & Steel Works PJSC's overall GF Score™ is 17/100. 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 Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN), the current Days Payable is 58.49 as of Dec. 2023. 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.

Magnitogorsk Iron & Steel Works PJSC Business Description

Address 93, Kirov Street, Chelyabinsk region, Magnitogorsk, RUS, 455000
Magnitogorsk Iron & Steel Works PJSC is a steel producer in Russia. The company's output includes a broad range of steel products with a portion being high-value-added. In Russia, the company operates a large steel-producing complex encompassing the entire production chain from iron-ore processing to downstream production of rolled steel. The company sells the majority of its metal products in Russia. The company's financial results are divided into three segments: the Russian steel segment; the Turkish steel segment; and the coal segment. The steel segment accounts for the vast majority of the company's revenue.
17GF Score

Get the complete analysis for MIC:MAGN

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₽17.67
Price