Mighty Craft (ASX:MCL) Days Payable : 76.75 (As of Dec. 2023)

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What is Mighty Craft Days Payable?

Mighty Craft's average Accounts Payable for the six months ended in Dec. 2023 was A$11.25 Mil. Mighty Craft's Cost of Goods Sold for the six months ended in Dec. 2023 was A$26.76 Mil. Hence, Mighty Craft's Days Payable for the six months ended in Dec. 2023 was 76.75.

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

ASX:MCL' s Days Payable Range Over the Past 10 Years
Min: 27.55 Med: 54.56 Max: 172.74
Current: 84.03

During the past 5 years, Mighty Craft's highest Days Payable was 172.74. The lowest was 27.55. And the median was 54.56.

ASX:MCL's Days Payable is ranked better than
52.45% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 80.985 vs ASX:MCL: 84.03

Mighty Craft's Days Payable increased from Dec. 2022 (66.98) to Dec. 2023 (76.75). It may suggest that Mighty Craft delayed paying its suppliers.

Mighty Craft Days Payable Historical Data

The historical data trend for Mighty Craft'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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Mighty Craft Days Payable Chart

Mighty Craft Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

172.74

62.10

47.02

27.55

Mighty Craft Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				98.76	65.74	66.98	60.33	76.75

Competitive Comparison of Mighty Craft's Days Payable

For the Beverages - Brewers subindustry, Mighty Craft'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.

Mighty Craft's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Mighty Craft's Days Payable distribution charts can be found below:

* The bar in red indicates where Mighty Craft's Days Payable falls into.

Mighty Craft 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.

Mighty Craft's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (5.895	+	3.15)	/	2 )	/	59.921	*	365
=	4.5225					/	59.921	*	365
=	27.55

Mighty Craft'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.15	+	19.357)	/	2 )	/	26.76	*	365 / 2
=	11.2535					/	26.76	*	365 / 2
=	76.75

Mighty Craft Days Payable Related Terms

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Mighty Craft (ASX:MCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Mighty Craft Ltd (ASX:MCL) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

26 Cato Street, Hawthorn East, VIC, AUS, 3123

Website

https://www.mightycraft.com.au

Mighty Craft Ltd is engaged in craft brewery and distillery businesses. The company provides beers, spirits, ready to serve drinks, and apple cider.

Mighty Craft (ASX:MCL) Headlines

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