Metro Performance Glass (NZSE:MPG) Days Payable : 55.94 (As of Sep. 2024)

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What is Metro Performance Glass Days Payable?

Metro Performance Glass's average Accounts Payable for the six months ended in Sep. 2024 was NZ$21.2 Mil. Metro Performance Glass's Cost of Goods Sold for the six months ended in Sep. 2024 was NZ$69.1 Mil. Hence, Metro Performance Glass's Days Payable for the six months ended in Sep. 2024 was 55.94.

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

NZSE:MPG' s Days Payable Range Over the Past 10 Years
Min: 44.41 Med: 50.25 Max: 112.98
Current: 62.98

During the past 9 years, Metro Performance Glass's highest Days Payable was 112.98. The lowest was 44.41. And the median was 50.25.

NZSE:MPG's Days Payable is ranked worse than
59.01% of 1671 companies
in the Construction industry
Industry Median: 76.84 vs NZSE:MPG: 62.98

Metro Performance Glass's Days Payable increased from Sep. 2023 (54.49) to Sep. 2024 (55.94). It may suggest that Metro Performance Glass delayed paying its suppliers.

Metro Performance Glass Days Payable Historical Data

The historical data trend for Metro Performance Glass'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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Metro Performance Glass Days Payable Chart

Metro Performance Glass Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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48.95

47.37

50.25

45.73

44.41

Metro Performance Glass Semi-Annual Data
	Sep14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial															62.84	65.64	54.49	61.02	55.94

Competitive Comparison of Metro Performance Glass's Days Payable

For the Building Products & Equipment subindustry, Metro Performance Glass'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.

Metro Performance Glass's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Metro Performance Glass's Days Payable distribution charts can be found below:

* The bar in red indicates where Metro Performance Glass's Days Payable falls into.

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Metro Performance Glass 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.

Metro Performance Glass's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (17.756	+	16.468)	/	2 )	/	140.649	*	365
=	17.112					/	140.649	*	365
=	44.41

Metro Performance Glass's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (16.468	+	25.908)	/	2 )	/	69.12	*	365 / 2
=	21.188					/	69.12	*	365 / 2
=	55.94

Metro Performance Glass Days Payable Related Terms

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Metro Performance Glass Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Metro Performance Glass Ltd (NZSE:MPG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MPP:Australia

Address

5 Lady Fisher Place, East Tamaki, Auckland, NZL, 2013

Website

https://www.metroglass.co.nz

Metro Performance Glass Ltd operates as a glass processor. It group supplies processed flat glass and related products to the residential and commercial building sectors. It offers a range of glass products, including Decorative Glass, low Glass, Mirrors, bathroom shower screens, Shower Glass, Safety Security glass, Obscure, Frosted, and Privacy Glass, doors, and others. Its geographical segments include New Zealand and Australia. It generates a majority of its revenue from New Zealand.