ME Group International (STU:PHQ) Days Payable : 81.57 (As of Oct. 2023)

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What is ME Group International Days Payable?

ME Group International's average Accounts Payable for the six months ended in Oct. 2023 was €48.8 Mil. ME Group International's Cost of Goods Sold for the six months ended in Oct. 2023 was €109.3 Mil. Hence, ME Group International's Days Payable for the six months ended in Oct. 2023 was 81.57.

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

STU:PHQ' s Days Payable Range Over the Past 10 Years
Min: 34.83 Med: 54.07 Max: 99.7
Current: 71.64

During the past 13 years, ME Group International's highest Days Payable was 99.70. The lowest was 34.83. And the median was 54.07.

STU:PHQ's Days Payable is ranked worse than
54.05% of 2925 companies
in the Industrial Products industry
Industry Median: 76.67 vs STU:PHQ: 71.64

ME Group International's Days Payable increased from Oct. 2022 (71.29) to Oct. 2023 (81.57). It may suggest that ME Group International delayed paying its suppliers.

ME Group International Days Payable Historical Data

The historical data trend for ME Group International'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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ME Group International Days Payable Chart

ME Group International Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Oct21

Oct22

Oct23

Days Payable

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57.16

63.47

98.93

74.64

58.67

ME Group International Semi-Annual Data
	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Days Payable	Get a 7-Day Free Trial															114.40	88.74	71.29	74.44	81.57

Competitive Comparison of ME Group International's Days Payable

For the Business Equipment & Supplies subindustry, ME Group International'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.

ME Group International's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ME Group International's Days Payable distribution charts can be found below:

* The bar in red indicates where ME Group International's Days Payable falls into.

ME Group International 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.

ME Group International's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (33.792	+	38.518)	/	2 )	/	224.947	*	365
=	36.155					/	224.947	*	365
=	58.67

ME Group International's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (59.14	+	38.518)	/	2 )	/	109.252	*	365 / 2
=	48.829					/	109.252	*	365 / 2
=	81.57

ME Group International Days Payable Related Terms

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ME Group International (STU:PHQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ME Group International PLC (STU:PHQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MEGPl:UK PHTM.GB:UK MEGP:UK

Address

Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP

Website

https://www.me-group.com

ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.

ME Group International (STU:PHQ) Headlines

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