Menif Financial Services (XTAE:MNIF) Days Payable : 21.87 (As of Mar. 2024)

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What is Menif Financial Services Days Payable?

Menif Financial Services's average Accounts Payable for the three months ended in Mar. 2024 was ₪9.9 Mil. Menif Financial Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₪41.5 Mil. Hence, Menif Financial Services's Days Payable for the three months ended in Mar. 2024 was 21.87.

The historical rank and industry rank for Menif Financial Services's Days Payable or its related term are showing as below:

XTAE:MNIF' s Days Payable Range Over the Past 10 Years
Min: 15.84 Med: 22.73 Max: 28.27
Current: 15.84

During the past 7 years, Menif Financial Services's highest Days Payable was 28.27. The lowest was 15.84. And the median was 22.73.

XTAE:MNIF's Days Payable is ranked worse than
75.7% of 284 companies
in the Credit Services industry
Industry Median: 48.93 vs XTAE:MNIF: 15.84

Menif Financial Services's Days Payable increased from Mar. 2023 (13.68) to Mar. 2024 (21.87). It may suggest that Menif Financial Services delayed paying its suppliers.

Menif Financial Services Days Payable Historical Data

The historical data trend for Menif Financial Services'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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Menif Financial Services Days Payable Chart

Menif Financial Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.27

17.18

Menif Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															13.68	-	-	18.49	21.87

Competitive Comparison of Menif Financial Services's Days Payable

For the Credit Services subindustry, Menif Financial Services'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.

Menif Financial Services's Days Payable Distribution in the Credit Services Industry

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

* The bar in red indicates where Menif Financial Services's Days Payable falls into.

Menif Financial Services 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.

Menif Financial Services'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
=	( (4.306	+	9.949)	/	2 )	/	151.467	*	365
=	7.1275					/	151.467	*	365
=	17.18

Menif Financial Services'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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (9.949	+	0)	/	1 )	/	41.516	*	365 / 4
=	9.949					/	41.516	*	365 / 4
=	21.87

Menif Financial Services Days Payable Related Terms

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Menif Financial Services (XTAE:MNIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Menif Financial Services Ltd (XTAE:MNIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jabotinsky 35, Ramat Gan, ISR, 52511

Website

https://www.menif.co.il

Menif Financial Services Ltd is engaged in providing mezzanine financing for equity to promoters and contractors in the construction industry. It offers financing for reinforcement and construction projects, small construction evacuation projects, and large-scale construction evacuation projects.

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