MULG (Muliang Viagoo Technology) Days Payable: 115.18 (As of Dec. 2023)


MULG Muliang Viagoo Technology Inc MULG
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What is Muliang Viagoo Technology Days Payable?

Muliang Viagoo Technology MULG 12 Days Payable is 115.18 as of Dec. 2023. GuruFocus rates MULG with a GF Score™ of 12/100.

Muliang Viagoo Technology's average Accounts Payable for the three months ended in Dec. 2023 was $1.98 Mil. Muliang Viagoo Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.57 Mil. Hence, Muliang Viagoo Technology's Days Payable for the three months ended in Dec. 2023 was 115.18.

The historical rank and industry rank for Muliang Viagoo Technology's Days Payable or its related term are showing as below:

MULG's Days Payable is not ranked *
in the Agriculture industry.
Industry Median: 72.7
* Ranked among companies with meaningful Days Payable only.

Muliang Viagoo Technology's Days Payable declined from Dec. 2022 (119.04) to Dec. 2023 (115.18). It may suggest that Muliang Viagoo Technology accelerated paying its suppliers.

Muliang Viagoo Technology Days Payable Historical Data

* Premium members only.

The historical data trend for Muliang Viagoo Technology'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.

Muliang Viagoo Technology Days Payable Chart

Muliang Viagoo Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 235.78 443.56 523.30 307.43 131.61

Muliang Viagoo Technology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 119.04 294.16 267.74 63.60 115.18

MULG vs BHIL, CGA, PUBC: Days Payable Comparison

For the Agricultural Inputs subindustry, Muliang Viagoo Technology'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.

Muliang Viagoo Technology Days Payable vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Muliang Viagoo Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Muliang Viagoo Technology's Days Payable falls into.


MULG
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Muliang Viagoo Technology Inc MULG
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Muliang Viagoo Technology 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.

Muliang Viagoo Technology'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
=( (2.42 + 1.441) / 2 ) / 5.354*365
=1.9305 / 5.354*365
=131.61

Muliang Viagoo Technology'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: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (2.51 + 1.441) / 2 ) / 1.565*365 / 4
=1.9755 / 1.565*365 / 4
=115.18

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 115.18 mean?
Muliang Viagoo Technology (MULG) has a Days Payable of 115.18 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Muliang Viagoo Technology and its competitors.
Is Muliang Viagoo Technology's Days Payable too high?
Muliang Viagoo Technology's current Days Payable is 115.18. The Agriculture industry median Days Payable is 72.70. Muliang Viagoo Technology's value of 115.18 is 58.4% above this industry median. Overall, Muliang Viagoo Technology has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Muliang Viagoo Technology's Days Payable compare to BHIL and CGA?
Muliang Viagoo Technology's Days Payable of 115.18 can be compared against companies in the Agriculture industry. The industry median Days Payable is 72.70. Muliang Viagoo Technology's value of 115.18 is 58.4% above 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 an Agriculture company?
The median Days Payable among Agriculture companies is 72.70, based on 246 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. Muliang Viagoo Technology's current Days Payable of 115.18 is 58.4% above 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 Muliang Viagoo Technology and its competitors. For the Agriculture industry, the median Days Payable is 72.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Muliang Viagoo Technology's current Days Payable is 115.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muliang Viagoo Technology stock overvalued right now?
Muliang Viagoo Technology (MULG) has a current Days Payable of 115.18. The current Days Payable is 115.18 and 58.4% above the Agriculture industry median of 72.70. Muliang Viagoo Technology's overall GF Score™ is 12/100. 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 Muliang Viagoo Technology (MULG), the current Days Payable is 115.18 as of Dec. 2023. 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.

Muliang Viagoo Technology Business Description

Address 2498 Wanfeng Highway, Lane 181, Fengjing Town, Jinshan District, Shanghai, CHN, 201501
Muliang Viagoo Technology Inc is in the business of developing, manufacturing, and selling organic fertilizers and bio-organic fertilizers for use in the agricultural industry in the Peoples Republic of China. Organic fertilizer products are sold under the VIE and its subsidiaries' brand names Zongbao, Fukang, and Muliang. The company has a fertilizer plant in Weiha City. It is also engaged in the sales of agricultural products in the Peoples' Republic of China. The company gains maximum of its revenue from China.
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