MCE Holdings Bhd (XKLS:7004) Days Payable : 79.30 (As of Apr. 2024)

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What is MCE Holdings Bhd Days Payable?

MCE Holdings Bhd's average Accounts Payable for the three months ended in Apr. 2024 was RM18.6 Mil. MCE Holdings Bhd's Cost of Goods Sold for the three months ended in Apr. 2024 was RM21.4 Mil. Hence, MCE Holdings Bhd's Days Payable for the three months ended in Apr. 2024 was 79.30.

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

XKLS:7004' s Days Payable Range Over the Past 10 Years
Min: 47.96 Med: 69.71 Max: 91.52
Current: 69.59

During the past 13 years, MCE Holdings Bhd's highest Days Payable was 91.52. The lowest was 47.96. And the median was 69.71.

XKLS:7004's Days Payable is ranked better than
53.01% of 1277 companies
in the Vehicles & Parts industry
Industry Median: 65.91 vs XKLS:7004: 69.59

MCE Holdings Bhd's Days Payable increased from Apr. 2023 (72.18) to Apr. 2024 (79.30). It may suggest that MCE Holdings Bhd delayed paying its suppliers.

MCE Holdings Bhd Days Payable Historical Data

The historical data trend for MCE Holdings 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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MCE Holdings Bhd Days Payable Chart

MCE Holdings Bhd Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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74.58

91.52

81.60

80.67

64.08

MCE Holdings Bhd Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Days Payable	Get a 7-Day Free Trial															72.18	61.19	66.34	74.42	79.30

Competitive Comparison of MCE Holdings Bhd's Days Payable

For the Auto Parts subindustry, MCE Holdings 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.

MCE Holdings Bhd's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MCE Holdings Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where MCE Holdings Bhd's Days Payable falls into.

MCE Holdings 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.

MCE Holdings Bhd's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (16.768	+	13.558)	/	2 )	/	86.374	*	365
=	15.163					/	86.374	*	365
=	64.08

MCE Holdings Bhd's Days Payable for the quarter that ended in Apr. 2024 is calculated as:

	Days Payable (Q: Apr. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2024 )	+	Accounts Payable (Q: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
=	( (20.225	+	17.046)	/	2 )	/	21.444	*	365 / 4
=	18.6355					/	21.444	*	365 / 4
=	79.30

MCE Holdings Bhd Days Payable Related Terms

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MCE Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MCE Holdings Bhd (XKLS:7004) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 and 4, Jalan Waja 7, Kawasan Perindustrian Pandan, Johor Bahru, JHR, MYS, 81100

Website

https://www.multicode.com.my

MCE Holdings Bhd is engaged in the manufacturing and supply of automotive electronics and mechatronics parts. It operates in two segments namely, Automotive parts which comprise of manufacturing and trading of automotive parts which also contributes a major part of revenue, and the Healthcare services segment comprises various health care services. The company's product portfolio includes products like anti-theft and keyless entry systems, passive start and entry systems, immobilizer systems, parking sensors systems, microwave motion, ignition key set systems, as well as anti-hijack and related auto parts. Most of its revenue comes from the Malaysian market.

MCE Holdings Bhd Headlines

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