Michman Finance (XTAE:MCMN) Days Payable : 143.52 (As of Mar. 2024)

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What is Michman Finance Days Payable?

Michman Finance's average Accounts Payable for the three months ended in Mar. 2024 was ₪17.71 Mil. Michman Finance's Cost of Goods Sold for the three months ended in Mar. 2024 was ₪11.26 Mil. Hence, Michman Finance's Days Payable for the three months ended in Mar. 2024 was 143.52.

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

XTAE:MCMN' s Days Payable Range Over the Past 10 Years
Min: 1.38 Med: 6.32 Max: 419.61
Current: 419.61

During the past 5 years, Michman Finance's highest Days Payable was 419.61. The lowest was 1.38. And the median was 6.32.

XTAE:MCMN's Days Payable is ranked better than
85.96% of 285 companies
in the Credit Services industry
Industry Median: 43.72 vs XTAE:MCMN: 419.61

Michman Finance's Days Payable increased from Jun. 2022 (0.00) to Mar. 2024 (143.52). It may suggest that Michman Finance delayed paying its suppliers.

Michman Finance Days Payable Historical Data

The historical data trend for Michman Finance'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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Michman Finance Days Payable Chart

Michman Finance Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

11.93

8.16

4.47

1.38

Michman Finance Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Mar24
Days Payable	Get a 7-Day Free Trial					-	-	173.87	299.76	143.52

Competitive Comparison of Michman Finance's Days Payable

For the Credit Services subindustry, Michman Finance'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.

Michman Finance's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Michman Finance's Days Payable distribution charts can be found below:

* The bar in red indicates where Michman Finance's Days Payable falls into.

Michman Finance 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.

Michman Finance'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
=	( (0.108	+	0.133)	/	2 )	/	31.892	*	365
=	0.1205					/	31.892	*	365
=	1.38

Michman Finance's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (31.896	+	3.527)	/	2 )	/	11.261	*	365 / 4
=	17.7115					/	11.261	*	365 / 4
=	143.52

Michman Finance Days Payable Related Terms

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

Michman Finance (XTAE:MCMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Michman Finance Ltd (XTAE:MCMN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

BSR Towers 3, 29th Floor, Bnei Brak, ISR, 5126237

Website

https://www.michman-loans.co.il

Michman Finance Ltd is engaged in providing a variety of loans and non-bank services to businesses. The products of the company comprise Discount checks, Extended license, Import financing, Business Mediation loans, and Extended license, among others.

Michman Finance (XTAE:MCMN) Headlines

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