MTQ (SGX:M05) Days Payable : 78.48 (As of Sep. 2024)

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What is MTQ Days Payable?

MTQ's average Accounts Payable for the six months ended in Sep. 2024 was S$10.70 Mil. MTQ's Cost of Goods Sold for the six months ended in Sep. 2024 was S$24.88 Mil. Hence, MTQ's Days Payable for the six months ended in Sep. 2024 was 78.48.

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

SGX:M05' s Days Payable Range Over the Past 10 Years
Min: 30.88 Med: 50.19 Max: 156.22
Current: 87.97

During the past 13 years, MTQ's highest Days Payable was 156.22. The lowest was 30.88. And the median was 50.19.

SGX:M05's Days Payable is ranked better than
62.92% of 871 companies
in the Oil & Gas industry
Industry Median: 59.79 vs SGX:M05: 87.97

MTQ's Days Payable declined from Sep. 2023 (86.26) to Sep. 2024 (78.48). It may suggest that MTQ accelerated paying its suppliers.

MTQ Days Payable Historical Data

The historical data trend for MTQ'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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MTQ Days Payable Chart

MTQ Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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100.50

42.53

68.77

69.51

55.18

MTQ Semi-Annual Data
	Mar15	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															114.85	83.40	86.26	74.27	78.48

Competitive Comparison of MTQ's Days Payable

For the Oil & Gas Equipment & Services subindustry, MTQ'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.

MTQ's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MTQ's Days Payable distribution charts can be found below:

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

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MTQ 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.

MTQ'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
=	( (9.659	+	5.679)	/	2 )	/	50.73	*	365
=	7.669					/	50.73	*	365
=	55.18

MTQ'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
=	( (5.679	+	15.716)	/	2 )	/	24.877	*	365 / 2
=	10.6975					/	24.877	*	365 / 2
=	78.48

MTQ Days Payable Related Terms

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MTQ Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MTQ Corp Ltd (SGX:M05) » Definitions » Days Payable

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Traded in Other Exchanges

MTQCF:USA

Address

100 Tuas South Avenue 8, Singapore, SGP, 637424

Website

http://www.mtq.com.sg

MTQ Corp Ltd is a company, that engages in the provision of engineering solutions for oilfield equipment. The principal activities of the Company relate to those of an investment holding and management company. It offers engineering services for the servicing, manufacturing, assembly, and fabrication of oilfield equipment, such as valves and blow-out-preventers; rents and sells oilfield equipment and spare parts, such as heat exchanger mud coolers, shale shakers, drilling handling tools, bop pressure test units and torque tools. The firm also engages in the business of renting and sale of oilfield equipment.. It operates through the following business segments: Investment holding and Oilfield engineering segment out of which the Oilfield engineering segment derives the majority of revenue.

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