Muscat Thread MillsOG (MUS:MTMI) Days Payable : 46.12 (As of Dec. 2022)

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What is Muscat Thread MillsOG Days Payable?

Muscat Thread MillsOG's average Accounts Payable for the six months ended in Dec. 2022 was ر.ع0.35 Mil. Muscat Thread MillsOG's Cost of Goods Sold for the six months ended in Dec. 2022 was ر.ع2.79 Mil. Hence, Muscat Thread MillsOG's Days Payable for the six months ended in Dec. 2022 was 23.06.

The historical rank and industry rank for Muscat Thread MillsOG's Days Payable or its related term are showing as below:

MUS:MTMI' s Days Payable Range Over the Past 10 Years
Min: 14.58 Med: 29.25 Max: 53.1
Current: 46.12

During the past 13 years, Muscat Thread MillsOG's highest Days Payable was 53.10. The lowest was 14.58. And the median was 29.25.

MUS:MTMI's Days Payable is ranked worse than
58.63% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.16 vs MUS:MTMI: 46.12

Muscat Thread MillsOG's Days Payable increased from Dec. 2017 (38.03) to Dec. 2022 (46.12). It may suggest that Muscat Thread MillsOG delayed paying its suppliers.

Muscat Thread MillsOG Days Payable Historical Data

The historical data trend for Muscat Thread MillsOG'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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Muscat Thread MillsOG Days Payable Chart

Muscat Thread MillsOG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec21

Dec22

Days Payable

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29.25

38.94

38.03

53.10

46.12

Muscat Thread MillsOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec21	Dec22
Days Payable	Get a 7-Day Free Trial									29.25	38.94	38.03	53.10	46.12

Competitive Comparison of Muscat Thread MillsOG's Days Payable

For the Textile Manufacturing subindustry, Muscat Thread MillsOG'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.

Muscat Thread MillsOG's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Muscat Thread MillsOG's Days Payable distribution charts can be found below:

* The bar in red indicates where Muscat Thread MillsOG's Days Payable falls into.

Muscat Thread MillsOG 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.

Muscat Thread MillsOG's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.502	+	0.203)	/	2 )	/	2.79	*	365
=	0.3525					/	2.79	*	365
=	46.12

Muscat Thread MillsOG's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (0.502	+	0.203)	/	2 )	/	2.79	*	365 / 2
=	0.3525					/	2.79	*	365 / 2
=	23.06

Muscat Thread MillsOG Days Payable Related Terms

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Muscat Thread MillsOG (MUS:MTMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Muscat Thread Mills SAOG (MUS:MTMI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No 18, P.O.Box 122, Rusayl, OMN, 124

Website

http://www.mtm.com.om

Muscat Thread Mills SAOG manufactures and markets sewing threads in the Sultanate of Oman. It offers apparel sewing, embroidery, fire-resistant, and water-soluble threads under the Boat and Silver Falcon brand names. The firm's revenue is mainly generated from exports. The company also markets its products to Bangladesh, Sri Lanka, India, Pakistan, the United Arab Emirates, Turkey, Jordan, Madagascar, Kenya, Egypt, Mauritius, Saudi Arabia, Indonesia, Qatar, and Kuwait.

Muscat Thread MillsOG (MUS:MTMI) Headlines

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