Morefield Group (XAMS:MORE) Days Payable : 54.86 (As of Dec. 2023)

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What is Morefield Group Days Payable?

Morefield Group's average Accounts Payable for the six months ended in Dec. 2023 was €7.35 Mil. Morefield Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €24.46 Mil. Hence, Morefield Group's Days Payable for the six months ended in Dec. 2023 was 54.86.

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

XAMS:MORE' s Days Payable Range Over the Past 10 Years
Min: 78.82 Med: 827.2 Max: 1122.19
Current: 78.82

During the past 13 years, Morefield Group's highest Days Payable was 1122.19. The lowest was 78.82. And the median was 827.20.

XAMS:MORE's Days Payable is ranked better than
69.08% of 925 companies
in the Business Services industry
Industry Median: 47.5 vs XAMS:MORE: 78.82

Morefield Group's Days Payable declined from Dec. 2022 (278.41) to Dec. 2023 (54.86). It may suggest that Morefield Group accelerated paying its suppliers.

Morefield Group Days Payable Historical Data

The historical data trend for Morefield Group'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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Morefield Group Days Payable Chart

Morefield Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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556.81

80.26

Morefield Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															-	-	278.41	150.28	54.86

Competitive Comparison of Morefield Group's Days Payable

For the Staffing & Employment Services subindustry, Morefield Group'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.

Morefield Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Morefield Group's Days Payable distribution charts can be found below:

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

Morefield Group 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.

Morefield Group'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
=	( (6.247	+	7.974)	/	2 )	/	32.337	*	365
=	7.1105					/	32.337	*	365
=	80.26

Morefield Group'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
=	( (6.729	+	7.974)	/	2 )	/	24.458	*	365 / 2
=	7.3515					/	24.458	*	365 / 2
=	54.86

Morefield Group Days Payable Related Terms

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Morefield Group (XAMS:MORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Morefield Group (XAMS:MORE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Schouwburgweg 5, P.O. Box 3035, Willemstad, CUW

Website

http://www.morefieldgroup.nl

Morefield Group, formerly HeadFirst Source Group NV provides staffing services. The company through its subsidiaries is engaged in mediation with the hiring of external personnel, contracting and matchmaking for corporates and semi-government. It provides professionals in the fields of IT, Business, Banker, Financial, Marketing Communications, Human Resources, and others.

Morefield Group (XAMS:MORE) Headlines

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