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


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What is Mynaric AG Days Payable?

Mynaric AG MYNAY -96.00% 10 Days Payable is 114.97 as of Dec. 2023. GuruFocus rates MYNAY with a GF Score™ of 10/100.

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:

MYNAY's Days Payable is not ranked *
in the Hardware industry.
Industry Median: 69.91
* 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

* Premium members only.

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.

Mynaric AG Days Payable Chart

Mynaric AG Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 0.00 0.00 208.56 123.80 127.94

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 231.14 286.29 157.10 369.85 114.97

MYNAY vs CSCO, MSI, HPE: Days Payable Comparison

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 Days Payable vs 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 MYNAY
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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

* 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 114.97 mean?
Mynaric AG (MYNAY) has a Days Payable of 114.97 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 Mynaric AG and its competitors.
Is Mynaric AG's Days Payable too high?
Mynaric AG's current Days Payable is 114.97. The Hardware industry median Days Payable is 69.91. Mynaric AG's value of 114.97 is 64.5% above this industry median. Overall, Mynaric AG has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Mynaric AG's Days Payable compare to CSCO and MSI?
Mynaric AG's Days Payable of 114.97 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.91. Mynaric AG's value of 114.97 is 64.5% 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 a Hardware company?
The median Days Payable among Hardware companies is 69.91, based on 2,436 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. Mynaric AG's current Days Payable of 114.97 is 64.5% 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 Mynaric AG and its competitors. For the Hardware industry, the median Days Payable is 69.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mynaric AG's current Days Payable is 114.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mynaric AG stock overvalued right now?
Mynaric AG (MYNAY) has a current Days Payable of 114.97. The current Days Payable is 114.97 and 64.5% above the Hardware industry median of 69.91. Mynaric AG's overall GF Score™ is 10/100. 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 Mynaric AG (MYNAY), the current Days Payable is 114.97 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.

Mynaric AG Business Description

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