Mega African Capital (XGHA:MAC) Days Payable : 0.00 (As of Dec. 2022)

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What is Mega African Capital Days Payable?

Mega African Capital's average Accounts Payable for the six months ended in Dec. 2022 was GHS0.00 Mil. Mega African Capital's Cost of Goods Sold for the six months ended in Dec. 2022 was GHS0.33 Mil. Hence, Mega African Capital's Days Payable for the six months ended in Dec. 2022 was 0.00.

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

XGHA:MAC's Days Payable is not ranked ^*
in the Asset Management industry.
Industry Median: 74.64
* Ranked among companies with meaningful Days Payable only.

Mega African Capital's Days Payable stayed the same from Dec. 2020 (0.00) to Dec. 2022 (0.00).

Mega African Capital Days Payable Historical Data

The historical data trend for Mega African Capital'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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Mega African Capital Days Payable Chart

Mega African Capital Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

Mega African Capital Semi-Annual Data
	Dec20	Dec21	Dec22
Days Payable	-	-	-

Competitive Comparison of Mega African Capital's Days Payable

For the Asset Management subindustry, Mega African Capital'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.

Mega African Capital's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mega African Capital's Days Payable distribution charts can be found below:

* The bar in red indicates where Mega African Capital's Days Payable falls into.

Mega African Capital 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.

Mega African Capital's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.33	*	365
=	0					/	0.33	*	365
=	0.00

Mega African Capital's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.33	*	365 / 2
=	0					/	0.33	*	365 / 2
=	0.00

Mega African Capital Days Payable Related Terms

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Mega African Capital (XGHA:MAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA

Website

http://www.megafricancapital.com

Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.