Manng International (Manng International) Days Payable : 28.64 (As of Sep. 2023)

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What is Manng International Days Payable?

Manng International's average Accounts Payable for the six months ended in Sep. 2023 was $1.26 Mil. Manng International's Cost of Goods Sold for the six months ended in Sep. 2023 was $8.03 Mil. Hence, Manng International's Days Payable for the six months ended in Sep. 2023 was 28.64.

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

MSGNF' s Days Payable Range Over the Past 10 Years
Min: 7.31 Med: 86.56 Max: 677.85
Current: 186.12

During the past 13 years, Manng International's highest Days Payable was 677.85. The lowest was 7.31. And the median was 86.56.

MSGNF's Days Payable is ranked better than
68.86% of 1577 companies
in the Real Estate industry
Industry Median: 96.82 vs MSGNF: 186.12

Manng International's Days Payable declined from Sep. 2022 (339.66) to Sep. 2023 (28.64). It may suggest that Manng International accelerated paying its suppliers.

Manng International Days Payable Historical Data

The historical data trend for Manng International'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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Manng International Days Payable Chart

Manng International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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677.82

418.34

20.93

249.80

235.70

Manng International Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															74.69	201.75	339.66	311.99	28.64

Competitive Comparison of Manng International's Days Payable

For the Real Estate Services subindustry, Manng International'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.

Manng International's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Manng International's Days Payable falls into.

Manng International 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.

Manng International's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (19.459	+	1.39)	/	2 )	/	16.143	*	365
=	10.4245					/	16.143	*	365
=	235.70

Manng International's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.39	+	1.129)	/	2 )	/	8.026	*	365 / 2
=	1.2595					/	8.026	*	365 / 2
=	28.64

Manng International Days Payable Related Terms

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Manng International (Manng International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Man Sang International Ltd (OTCPK:MSGNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00938:Hong Kong

Address

87 Wing Lok Street, Unit A&B, 14/F, Teda Building, Sheung Wan, Hong Kong, HKG

Website

http://www.msil.com.hk

Man Sang International Ltd is an investment holding company. The company's operating segment includes Chongqing property, Property management services, Renovation and decoration, and Hotel operations in Japan. The company generates maximum revenue from the Renovation and decoration segment, which includes the provision of renovation and decoration services. Geographically, it derives maximum revenue from Mainland China and also operates in Japan.

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