MKDW (MKDWell Tech) Days Payable : 61.57 (As of Jun. 2024)

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What is MKDWell Tech Days Payable?

MKDWell Tech's average Accounts Payable for the six months ended in Jun. 2024 was $0.25 Mil. MKDWell Tech's Cost of Goods Sold for the six months ended in Jun. 2024 was $0.74 Mil. Hence, MKDWell Tech's Days Payable for the six months ended in Jun. 2024 was 61.57.

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

MKDW' s Days Payable Range Over the Past 10 Years
Min: 31.42 Med: 43.85 Max: 100.52
Current: 100.52

During the past 3 years, MKDWell Tech's highest Days Payable was 100.52. The lowest was 31.42. And the median was 43.85.

MKDW's Days Payable is ranked better than
73.24% of 1278 companies
in the Vehicles & Parts industry
Industry Median: 65.905 vs MKDW: 100.52

MKDWell Tech's Days Payable declined from Jun. 2023 (68.22) to Jun. 2024 (61.57). It may suggest that MKDWell Tech accelerated paying its suppliers.

MKDWell Tech Days Payable Historical Data

The historical data trend for MKDWell Tech'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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MKDWell Tech Days Payable Chart

MKDWell Tech Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

43.85

46.27

31.42

MKDWell Tech Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			66.99	31.18	68.22	106.68	61.57

Competitive Comparison of MKDWell Tech's Days Payable

For the Auto Parts subindustry, MKDWell Tech'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.

MKDWell Tech's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MKDWell Tech's Days Payable distribution charts can be found below:

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

MKDWell Tech 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.

MKDWell Tech'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
=	( (0.211	+	0.305)	/	2 )	/	2.997	*	365
=	0.258					/	2.997	*	365
=	31.42

MKDWell Tech'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
=	( (0.305	+	0.197)	/	2 )	/	0.744	*	365 / 2
=	0.251					/	0.744	*	365 / 2
=	61.57

MKDWell Tech Days Payable Related Terms

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MKDWell Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MKDWell Tech Inc (NAS:MKDW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sea Meadow House, Road Town, Tortola, VGB

Website

http://www.mkdwell.com

MKDWell Tech Inc is a company engaged in supplying automotive electronics for passenger cars, modified commercial vehicles, camper vans and logistics vehicles. Its business coverage extends across the spectrum of research and development, design, production and sales of automotive electronic products. The main products are intelligent camper vans control systems, LiDAR sensors, intelligent container control systems for logistics vehicles, vehicle seat control system, and it provide customers with ODM and OEM customized services.

MKDWell Tech Headlines

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