Midway (Midway) Days Payable : 23.87 (As of Dec. 2023)

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What is Midway Days Payable?

Midway's average Accounts Payable for the six months ended in Dec. 2023 was $7.0 Mil. Midway's Cost of Goods Sold for the six months ended in Dec. 2023 was $53.4 Mil. Hence, Midway's Days Payable for the six months ended in Dec. 2023 was 23.87.

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

MWAYF' s Days Payable Range Over the Past 10 Years
Min: 16.98 Med: 29 Max: 46.62
Current: 33.46

During the past 7 years, Midway's highest Days Payable was 46.62. The lowest was 16.98. And the median was 29.00.

MWAYF's Days Payable is ranked worse than
74.1% of 278 companies
in the Forest Products industry
Industry Median: 57.6 vs MWAYF: 33.46

Midway's Days Payable declined from Dec. 2022 (31.47) to Dec. 2023 (23.87). It may suggest that Midway accelerated paying its suppliers.

Midway Days Payable Historical Data

The historical data trend for Midway'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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Midway Days Payable Chart

Midway Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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37.76

22.07

16.20

30.26

28.14

Midway Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial										42.06	37.95	31.47	43.05	23.87

Competitive Comparison of Midway's Days Payable

For the Lumber & Wood Production subindustry, Midway'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.

Midway's Days Payable Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Midway's Days Payable distribution charts can be found below:

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

Midway 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.

Midway's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (6.878	+	5.834)	/	2 )	/	82.434	*	365
=	6.356					/	82.434	*	365
=	28.14

Midway'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
=	( (5.834	+	8.139)	/	2 )	/	53.413	*	365 / 2
=	6.9865					/	53.413	*	365 / 2
=	23.87

Midway Days Payable Related Terms

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Midway (Midway) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Midway Ltd (OTCPK:MWAYF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MWY:Australia

Address

10 The Esplanade, North Shore, VIC, AUS, 3214

Website

https://www.midwaylimited.com.au

Midway Ltd is engaged in the production and export of wood fiber to producers of pulp, paper, and associated products in Japan and China. The company derives income from producing hardwood and softwood woodchips. Its segments include Woodfibre Processing, Forestry Logistics, Plantation Management, and Ancillary. It generates the majority of revenue from Woodfibre Processing.