GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Minox International Group Bhd (XKLS:0288) » Definitions » Days Payable

Minox International Group Bhd (XKLS:0288) Days Payable : 53.40 (As of Dec. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Minox International Group Bhd Days Payable?

Minox International Group Bhd's average Accounts Payable for the six months ended in Dec. 2023 was RM3.19 Mil. Minox International Group Bhd's Cost of Goods Sold for the six months ended in Dec. 2023 was RM21.80 Mil. Hence, Minox International Group Bhd's Days Payable for the six months ended in Dec. 2023 was 26.70.

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

XKLS:0288' s Days Payable Range Over the Past 10 Years
Min: 53.4   Med: 113.61   Max: 220.16
Current: 53.4

During the past 5 years, Minox International Group Bhd's highest Days Payable was 220.16. The lowest was 53.40. And the median was 113.61.

XKLS:0288's Days Payable is ranked better than
59.04% of 586 companies
in the Steel industry
Industry Median: 41.325 vs XKLS:0288: 53.40

Minox International Group Bhd's Days Payable declined from Dec. 2021 (220.16) to Dec. 2023 (53.40). It may suggest that Minox International Group Bhd accelerated paying its suppliers.

Minox International Group Bhd Days Payable Historical Data

The historical data trend for Minox International Group Bhd'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.

* Premium members only.

Minox International Group Bhd Days Payable Chart

Minox International Group Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
113.61 128.35 220.16 83.82 53.40

Minox International Group Bhd Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable 113.61 128.35 220.16 83.82 53.40

Competitive Comparison of Minox International Group Bhd's Days Payable

For the Steel subindustry, Minox International Group Bhd'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.

Minox International Group Bhd's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Minox International Group Bhd's Days Payable distribution charts can be found below:

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


Minox International Group Bhd 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.

Minox International Group Bhd'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
=( (2.756 + 3.621) / 2 ) / 21.795*365
=3.1885 / 21.795*365
=53.40

Minox International Group Bhd'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: Dec. 2022 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (2.756 + 3.621) / 2 ) / 21.795*365 / 2
=3.1885 / 21.795*365 / 2
=26.70

* 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.

Minox International Group Bhd Days Payable Related Terms

Thank you for viewing the detailed overview of Minox International Group Bhd's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Minox International Group Bhd (XKLS:0288) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Minox International Group Bhd (XKLS:0288) » Definitions » Days Payable
Comparable Companies
XKLS:5087 XKLS:0211 XKLS:9199 XKLS:7217 XKLS:3778 XKLS:9873 XKLS:5192 XKLS:9881 XKLS:5021 XKLS:5232 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT STLD NSE:TATASTEEL RS MIC:CHMF
Traded in Other Exchanges
N/A
Address
3, Jalan Industri PBP 11, Taman Industri Pusat Bandar Puchong, Puchong, SGR, MYS, 47100
Website
https://www.minox.biz
Minox International Group Bhd is principally an investment holding company. It is involved in the distribution of stainless steel sanitary valves, tubes & fittings, installation components & equipment, rubber hoses under its MINOX brand and other related products.

Minox International Group Bhd (XKLS:0288) Headlines

No Headlines