MOYFF (Mynaric AG) Days Payable : 114.97 (As of Dec. 2023)

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What is Mynaric AG Days Payable?

Mynaric AG's average Accounts Payable for the six months ended in Dec. 2023 was $9.21 Mil. Mynaric AG's Cost of Goods Sold for the six months ended in Dec. 2023 was $14.62 Mil. Hence, Mynaric AG's Days Payable for the six months ended in Dec. 2023 was 114.97.

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

MOYFF's Days Payable is not ranked ^*
in the Hardware industry.
Industry Median: 68.96
* Ranked among companies with meaningful Days Payable only.

Mynaric AG's Days Payable declined from Dec. 2022 (157.10) to Dec. 2023 (114.97). It may suggest that Mynaric AG accelerated paying its suppliers.

Mynaric AG Days Payable Historical Data

The historical data trend for Mynaric AG'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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Mynaric AG Days Payable Chart

Mynaric AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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208.56

123.80

127.94

Mynaric AG Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								231.14	286.29	157.10	369.85	114.97

Competitive Comparison of Mynaric AG's Days Payable

For the Communication Equipment subindustry, Mynaric AG'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.

Mynaric AG's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Mynaric AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Mynaric AG's Days Payable falls into.

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Mynaric AG 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.

Mynaric AG'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
=	( (4.472	+	8.317)	/	2 )	/	18.243	*	365
=	6.3945					/	18.243	*	365
=	127.94

Mynaric AG'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
=	( (10.107	+	8.317)	/	2 )	/	14.623	*	365 / 2
=	9.212					/	14.623	*	365 / 2
=	114.97

Mynaric AG Days Payable Related Terms

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Mynaric AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mynaric AG (OTCPK:MOYFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bertha-Kipfmuller-Strasse 2-8, Munich, BY, DEU, 81249

Website

https://www.mynaric.com

Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminals. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eyes, satellite constellations, earth observation satellites, and others. Geographically, its key revenue is derived from the United States.