MODVF (Melcor Developments) Days Payable : 102.78 (As of Jun. 2024)

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What is Melcor Developments Days Payable?

Melcor Developments's average Accounts Payable for the three months ended in Jun. 2024 was $28.4 Mil. Melcor Developments's Cost of Goods Sold for the three months ended in Jun. 2024 was $25.3 Mil. Hence, Melcor Developments's Days Payable for the three months ended in Jun. 2024 was 102.78.

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

MODVF' s Days Payable Range Over the Past 10 Years
Min: 22.49 Med: 47.76 Max: 75.61
Current: 75.61

During the past 13 years, Melcor Developments's highest Days Payable was 75.61. The lowest was 22.49. And the median was 47.76.

MODVF's Days Payable is ranked worse than
57.93% of 1588 companies
in the Real Estate industry
Industry Median: 98.87 vs MODVF: 75.61

Melcor Developments's Days Payable declined from Jun. 2023 (114.78) to Jun. 2024 (102.78). It may suggest that Melcor Developments accelerated paying its suppliers.

Melcor Developments Days Payable Historical Data

The historical data trend for Melcor Developments'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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Melcor Developments Days Payable Chart

Melcor Developments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.05

41.08

22.48

43.87

39.81

Melcor Developments Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															114.78	90.60	44.03	101.44	102.78

Competitive Comparison of Melcor Developments's Days Payable

For the Real Estate - Development subindustry, Melcor Developments'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.

Melcor Developments's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Melcor Developments's Days Payable distribution charts can be found below:

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

Melcor Developments 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.

Melcor Developments'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
=	( (14.184	+	13.923)	/	2 )	/	128.866	*	365
=	14.0535					/	128.866	*	365
=	39.81

Melcor Developments'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: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (29.011	+	27.887)	/	2 )	/	25.257	*	365 / 4
=	28.449					/	25.257	*	365 / 4
=	102.78

Melcor Developments Days Payable Related Terms

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Melcor Developments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Melcor Developments Ltd (OTCPK:MODVF) » Definitions » Days Payable

Traded in Other Exchanges

MRD:Canada

Address

10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8

Website

https://www.melcor.ca

Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.