Makpetrol AD (XMAE:MPT) Days Payable : 8.51 (As of Jun. 2024)

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What is Makpetrol AD Days Payable?

Makpetrol AD's average Accounts Payable for the three months ended in Jun. 2024 was MKD684 Mil. Makpetrol AD's Cost of Goods Sold for the three months ended in Jun. 2024 was MKD7,337 Mil. Hence, Makpetrol AD's Days Payable for the three months ended in Jun. 2024 was 8.51.

The historical rank and industry rank for Makpetrol AD's Days Payable or its related term are showing as below:

XMAE:MPT' s Days Payable Range Over the Past 10 Years
Min: 5.65 Med: 11.72 Max: 42.39
Current: 7.78

During the past 13 years, Makpetrol AD's highest Days Payable was 42.39. The lowest was 5.65. And the median was 11.72.

XMAE:MPT's Days Payable is ranked worse than
95.19% of 894 companies
in the Oil & Gas industry
Industry Median: 60.58 vs XMAE:MPT: 7.78

Makpetrol AD's Days Payable increased from Jun. 2023 (6.78) to Jun. 2024 (8.51). It may suggest that Makpetrol AD delayed paying its suppliers.

Makpetrol AD Days Payable Historical Data

The historical data trend for Makpetrol AD'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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Makpetrol AD Days Payable Chart

Makpetrol AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.43

10.95

8.72

5.65

7.50

Makpetrol AD Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															6.78	5.37	10.29	7.89	8.51

Competitive Comparison of Makpetrol AD's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Makpetrol AD'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.

Makpetrol AD's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Makpetrol AD's Days Payable distribution charts can be found below:

* The bar in red indicates where Makpetrol AD's Days Payable falls into.

Makpetrol AD 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.

Makpetrol AD'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
=	( (544.424	+	559.537)	/	2 )	/	26859.813	*	365
=	551.9805					/	26859.813	*	365
=	7.50

Makpetrol AD's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0	+	684.165)	/	1 )	/	7336.826	*	365 / 4
=	684.165					/	7336.826	*	365 / 4
=	8.51

Makpetrol AD Days Payable Related Terms

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Makpetrol AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Makpetrol AD (XMAE:MPT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Sv.Kiril i Metodij no.4, Skopje, MKD, 1000

Website

http://www.makpetrol.com.mk

Makpetrol AD engages in the distribution and trade of oil and oil products in the Republic of Macedonia and internationally. Its product offerings include aviation fuel, oils and lubricants, LPG (Liquefied petroleum gas), biofuels, and natural gas. The company serves fleet operators, freight forwarders, transport companies, airports and industrial entities. Makpetrol also operates restaurants and cafes in the circle of its gas stations.

Makpetrol AD Headlines

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