Master Tec Group Bhd (XKLS:0295) Days Payable : 26.72 (As of Jun. 2023)

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What is Master Tec Group Bhd Days Payable?

Master Tec Group Bhd's average Accounts Payable for the six months ended in Jun. 2023 was RM16.7 Mil. Master Tec Group Bhd's Cost of Goods Sold for the six months ended in Jun. 2023 was RM114.2 Mil. Hence, Master Tec Group Bhd's Days Payable for the six months ended in Jun. 2023 was 26.72.

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

XKLS:0295' s Days Payable Range Over the Past 10 Years
Min: 21.23 Med: 61.07 Max: 120.82
Current: 21.23

During the past 3 years, Master Tec Group Bhd's highest Days Payable was 120.82. The lowest was 21.23. And the median was 61.07.

XKLS:0295's Days Payable is ranked worse than
94.37% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs XKLS:0295: 21.23

Master Tec Group Bhd's Days Payable declined from Jun. 2022 (42.83) to Jun. 2023 (26.72). It may suggest that Master Tec Group Bhd accelerated paying its suppliers.

Master Tec Group Bhd Days Payable Historical Data

The historical data trend for Master Tec 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.

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Master Tec Group Bhd Days Payable Chart

Master Tec Group Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

120.82

61.07

30.36

Master Tec Group Bhd Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Days Payable	-	-	42.83	19.26	26.72

Competitive Comparison of Master Tec Group Bhd's Days Payable

For the Electrical Equipment & Parts subindustry, Master Tec 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.

Master Tec Group Bhd's Days Payable Distribution in the Industrial Products Industry

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

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

Master Tec 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.

Master Tec Group Bhd'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
=	( (36.208	+	18.288)	/	2 )	/	327.555	*	365
=	27.248					/	327.555	*	365
=	30.36

Master Tec Group Bhd's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (18.288	+	15.154)	/	2 )	/	114.202	*	365 / 2
=	16.721					/	114.202	*	365 / 2
=	26.72

Master Tec Group Bhd Days Payable Related Terms

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Master Tec Group Bhd (XKLS:0295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Master Tec Group Bhd (XKLS:0295) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

RM1299-A Kawasan, Perindustrian Rembia, Alor Gajah, Melaka, MLA, MYS, 78000

Website

https://www.mastertec.my

Master Tec Group Bhd is an investment holding company. Through its subsidiary, it is involved in the manufacturing and distribution of power cables, control and instrumentation cables, and other related products, and the trading of power cables, fibre optic cables, and other related products.

Master Tec Group Bhd (XKLS:0295) Headlines

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