MyTech Group Bhd (XKLS:7692) Days Payable : 38.21 (As of Dec. 2023)

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What is MyTech Group Bhd Days Payable?

MyTech Group Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM0.59 Mil. MyTech Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM1.41 Mil. Hence, MyTech Group Bhd's Days Payable for the three months ended in Dec. 2023 was 38.21.

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

XKLS:7692' s Days Payable Range Over the Past 10 Years
Min: 38.36 Med: 60.1 Max: 250.59
Current: 82.72

During the past 13 years, MyTech Group Bhd's highest Days Payable was 250.59. The lowest was 38.36. And the median was 60.10.

XKLS:7692's Days Payable is ranked better than
53.95% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs XKLS:7692: 82.72

MyTech Group Bhd's Days Payable declined from Dec. 2022 (207.76) to Dec. 2023 (38.21). It may suggest that MyTech Group Bhd accelerated paying its suppliers.

MyTech Group Bhd Days Payable Historical Data

The historical data trend for MyTech 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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MyTech Group Bhd Days Payable Chart

MyTech Group Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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59.69

38.36

41.83

66.54

42.86

MyTech Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															207.76	-	10.28	30.15	38.21

Competitive Comparison of MyTech Group Bhd's Days Payable

For the Tools & Accessories subindustry, MyTech 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.

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

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

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

MyTech 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.

MyTech Group Bhd's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.507	+	0.144)	/	2 )	/	2.772	*	365
=	0.3255					/	2.772	*	365
=	42.86

MyTech 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.42	+	0.761)	/	2 )	/	1.41	*	365 / 4
=	0.5905					/	1.41	*	365 / 4
=	38.21

MyTech Group Bhd Days Payable Related Terms

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MyTech Group Bhd (XKLS:7692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MyTech Group Bhd (XKLS:7692) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Solaris, K-09-01, Block K, Solaris Mont Kiara, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.mytechgroup.com.my

MyTech Group Bhd formerly Widetech (Malaysia) Bhd is principally engaged as an investment holding company, provision of management services, and rental of properties. It has three operating segments: the Manufacturing of precision springs: Hotel operations; and Others which include investment holding, provision of management services, provision of financing services, and rental of properties. It generates maximum revenue from the Manufacturing segment. Geographically, it derives a majority of its revenue from Malaysia and also has a presence in Laos.

MyTech Group Bhd (XKLS:7692) Headlines

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