Magnit PJSC (MIC:MGNT) Days Payable: 37.42 (As of Jun. 2023)


MIC:MGNT Magnit PJSC MIC:MGNT
17 GF Score
Price ₽1,800.00
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What is Magnit PJSC Days Payable?

Magnit PJSC MIC:MGNT -1.04% 17 Days Payable is 37.42 as of Jun. 2023. GuruFocus rates MIC:MGNT with a GF Score™ of 17/100.

Magnit PJSC's average Accounts Payable for the six months ended in Jun. 2023 was ₽194,578 Mil. Magnit PJSC's Cost of Goods Sold for the six months ended in Jun. 2023 was ₽948,935 Mil. Hence, Magnit PJSC's Days Payable for the six months ended in Jun. 2023 was 37.42.

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

MIC:MGNT's Days Payable is not ranked *
in the Retail - Defensive industry.
Industry Median: 43.31
* Ranked among companies with meaningful Days Payable only.

Magnit PJSC's Days Payable increased from Jun. 2022 (36.49) to Jun. 2023 (37.42). It may suggest that Magnit PJSC delayed paying its suppliers.

Magnit PJSC Days Payable Historical Data

* Premium members only.

The historical data trend for Magnit 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.

Magnit PJSC Days Payable Chart

Magnit PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.01 45.46 43.92 42.03 39.66

Magnit PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 38.67 35.19 36.49 36.68 37.42

MIC:MGNT vs WMT, COST, TGT: Days Payable Comparison

For the Discount Stores subindustry, Magnit 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.

Magnit PJSC Days Payable vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Days Payable distribution charts can be found below:

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


MIC:MGNT
17GF Score
Magnit PJSC MIC:MGNT
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Magnit 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.

Magnit PJSC's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (182054.322 + 212404.6) / 2 ) / 1814993.574*365
=197229.461 / 1814993.574*365
=39.66

Magnit PJSC's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2022 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (212404.6 + 176750.868) / 2 ) / 948934.91*365 / 2
=194577.734 / 948934.91*365 / 2
=37.42

* 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 37.42 mean?
Magnit PJSC (MIC:MGNT) has a Days Payable of 37.42 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Magnit PJSC and its competitors.
Is Magnit PJSC's Days Payable too high?
Magnit PJSC's current Days Payable is 37.42. The Retail - Defensive industry median Days Payable is 43.31. Magnit PJSC's value of 37.42 is 13.6% below this industry median. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnit PJSC's Days Payable compare to WMT and COST?
Magnit PJSC's Days Payable of 37.42 can be compared against companies in the Retail - Defensive industry. The industry median Days Payable is 43.31. Magnit PJSC's value of 37.42 is 13.6% 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 a Retail - Defensive company?
The median Days Payable among Retail - Defensive companies is 43.31, based on 302 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. Magnit PJSC's current Days Payable of 37.42 is 13.6% 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 Magnit PJSC and its competitors. For the Retail - Defensive industry, the median Days Payable is 43.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnit PJSC's current Days Payable is 37.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnit PJSC stock overvalued right now?
Magnit PJSC (MIC:MGNT) has a current Days Payable of 37.42. The current Days Payable is 37.42 and 13.6% below the Retail - Defensive industry median of 43.31. Magnit 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 Magnit PJSC (MIC:MGNT), the current Days Payable is 37.42 as of Jun. 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.

Magnit PJSC Business Description

Address 15/5, Solnechnaya Street, Krasnodar, RUS, 350072
Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
17GF Score

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

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