McGrath (ASX:MEA) Days Payable : 115.46 (As of Dec. 2023)

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What is McGrath Days Payable?

McGrath's average Accounts Payable for the six months ended in Dec. 2023 was A$9.00 Mil. McGrath's Cost of Goods Sold for the six months ended in Dec. 2023 was A$14.23 Mil. Hence, McGrath's Days Payable for the six months ended in Dec. 2023 was 115.46.

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

ASX:MEA' s Days Payable Range Over the Past 10 Years
Min: 9 Med: 25.91 Max: 230.91
Current: 230.91

During the past 8 years, McGrath's highest Days Payable was 230.91. The lowest was 9.00. And the median was 25.91.

ASX:MEA's Days Payable is ranked better than
74.35% of 1575 companies
in the Real Estate industry
Industry Median: 96.91 vs ASX:MEA: 230.91

McGrath's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (115.46). It may suggest that McGrath delayed paying its suppliers.

McGrath Days Payable Historical Data

The historical data trend for McGrath'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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McGrath Days Payable Chart

McGrath Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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17.00

28.44

22.91

30.27

42.94

McGrath Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial												108.08	120.76	-	-	115.46

Competitive Comparison of McGrath's Days Payable

For the Real Estate Services subindustry, McGrath'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.

McGrath's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, McGrath's Days Payable distribution charts can be found below:

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

McGrath 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.

McGrath'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
=	( (4.216	+	3.499)	/	2 )	/	32.792	*	365
=	3.8575					/	32.792	*	365
=	42.94

McGrath'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
=	( (3.499	+	14.507)	/	2 )	/	14.231	*	365 / 2
=	9.003					/	14.231	*	365 / 2
=	115.46

McGrath Days Payable Related Terms

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McGrath (ASX:MEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » McGrath Ltd (ASX:MEA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Pyrmont Street, Pyrmont, NSW, AUS, 2009

Website

https://www.mcgrath.com.au

McGrath Ltd is a real estate company. It provides a range of services including residential property sales, property management, mortgage broking, auction services, and career training. It operates in the following segments: Company owned sales; Company owned property management; Franchise services; and Other. Geographically, all the business activities of the group function through Australia. The majority of its revenue gets derived from Company owned sales segment that comprises company-owned sales offices for which McGrath earns sales commission revenue including property marketing fees paid by vendor clients.

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