MJWL (Majic Wheels) Days Payable: 15.68 (As of Sep. 2012)

What is Majic Wheels Days Payable?

Majic Wheels MJWL -99.00% Days Payable is 15.68 as of Sep. 2012.

Majic Wheels's average Accounts Payable for the three months ended in Sep. 2012 was $0.02 Mil. Majic Wheels's Cost of Goods Sold for the three months ended in Sep. 2012 was $0.13 Mil. Hence, Majic Wheels's Days Payable for the three months ended in Sep. 2012 was 15.68.

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

MJWL's Days Payable is not ranked ^*
in the Waste Management industry.
Industry Median: 63.69
* Ranked among companies with meaningful Days Payable only.

Majic Wheels's Days Payable increased from Jun. 2011 (0.00) to Sep. 2012 (15.68). It may suggest that Majic Wheels delayed paying its suppliers.

Majic Wheels Days Payable Related Terms

Majic Wheels Days Payable Historical Data

* Premium members only.

The historical data trend for Majic Wheels'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.

Majic Wheels Days Payable Chart

Majic Wheels Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Days Payable

0.00

Majic Wheels Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Jun12	Sep12
Days Payable	Get a 7-Day Free Trial														0.00	0.00	0.00	20.13	15.68

MJWL vs HGGGQ, EFTB, HADV: Days Payable Comparison

For the Waste Management subindustry, Majic Wheels'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.

Majic Wheels Days Payable vs Waste Management Industry

For the Waste Management industry and Industrials sector, Majic Wheels's Days Payable distribution charts can be found below:

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

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Majic Wheels 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.

Majic Wheels's Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

	Days Payable (A: Dec. 2011 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2010 )	+	Accounts Payable (A: Dec. 2011 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2011 )	*	Days in Period
=	( (0	+	0.032)	/	1 )	/	0	*	365
=	0.032					/	0	*	365
=	N/A

Majic Wheels's Days Payable for the quarter that ended in Sep. 2012 is calculated as:

	Days Payable (Q: Sep. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2012 )	+	Accounts Payable (Q: Sep. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2012 )	*	Days in Period
=	( (0.013	+	0.031)	/	2 )	/	0.128	*	365 / 4
=	0.022					/	0.128	*	365 / 4
=	15.68

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 15.68 mean?

Majic Wheels (MJWL) has a Days Payable of 15.68 as of Sep. 2012. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Majic Wheels and its competitors.

Is Majic Wheels' Days Payable too high?

Majic Wheels' current Days Payable is 15.68. The Waste Management industry median Days Payable is 63.69. Majic Wheels' value of 15.68 is 75.4% below this industry median.

How does Majic Wheels' Days Payable compare to HGGGQ and EFTB?

Majic Wheels' Days Payable of 15.68 can be compared against companies in the Waste Management industry. The industry median Days Payable is 63.69. Majic Wheels' value of 15.68 is 75.4% 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 Waste Management company?

The median Days Payable among Waste Management companies is 63.69, based on 233 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. Majic Wheels's current Days Payable of 15.68 is 75.4% 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 Majic Wheels and its competitors. For the Waste Management industry, the median Days Payable is 63.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Majic Wheels's current Days Payable is 15.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Majic Wheels stock overvalued right now?

Majic Wheels (MJWL) has a current Days Payable of 15.68. The current Days Payable is 15.68 and 75.4% below the Waste Management industry median of 63.69. 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 Majic Wheels (MJWL), the current Days Payable is 15.68 as of Sep. 2012. 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.

Majic Wheels Business Description

Industry Industrials Waste Management

Comparable Companies HGGGQ EFTB HADV BTCS VTNL ARCI HLWD SPDL NXTTF PERF VEND ICTV PAYM LINU ATV LBUY DGSE TWMC TKAT EVLV

Address 2401 Fountain View Drive, Suite 312, Houston, TX, USA, 77057

Website https://www.majiccorp.co

Majic Wheels Corp is engaged in waste management business engaged in junk removal, trash hauling, recycling, commercial and residential construction clean-up and demolition business.