Micro Leasing PCL (BKK:MICRO) Days Payable : 143.85 (As of Dec. 2023)

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What is Micro Leasing PCL Days Payable?

Micro Leasing PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿77.6 Mil. Micro Leasing PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿49.2 Mil. Hence, Micro Leasing PCL's Days Payable for the three months ended in Dec. 2023 was 143.85.

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

BKK:MICRO' s Days Payable Range Over the Past 10 Years
Min: 1.86 Med: 156.76 Max: 304.09
Current: 153.56

During the past 6 years, Micro Leasing PCL's highest Days Payable was 304.09. The lowest was 1.86. And the median was 156.76.

BKK:MICRO's Days Payable is ranked better than
75.27% of 283 companies
in the Credit Services industry
Industry Median: 48.78 vs BKK:MICRO: 153.56

Micro Leasing PCL's Days Payable declined from Dec. 2022 (170.32) to Dec. 2023 (143.85). It may suggest that Micro Leasing PCL accelerated paying its suppliers.

Micro Leasing PCL Days Payable Historical Data

The historical data trend for Micro Leasing PCL'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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Micro Leasing PCL Days Payable Chart

Micro Leasing PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.64

162.94

304.09

204.59

150.58

Micro Leasing PCL Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial														170.32	189.31	150.71	136.26	143.85

Competitive Comparison of Micro Leasing PCL's Days Payable

For the Credit Services subindustry, Micro Leasing PCL'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.

Micro Leasing PCL's Days Payable Distribution in the Credit Services Industry

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

* The bar in red indicates where Micro Leasing PCL's Days Payable falls into.

Micro Leasing PCL 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.

Micro Leasing PCL'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
=	( (97.847	+	68.84)	/	2 )	/	202.015	*	365
=	83.3435					/	202.015	*	365
=	150.58

Micro Leasing PCL'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (86.327	+	68.84)	/	2 )	/	49.213	*	365 / 4
=	77.5835					/	49.213	*	365 / 4
=	143.85

Micro Leasing PCL Days Payable Related Terms

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Micro Leasing PCL (BKK:MICRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Micro Leasing PCL (BKK:MICRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

863/3 Phetkasem Road, Sanamchan Sub-district, Muang District, Nakhon Pathom, THA, 73000

Website

https://www.microleasingplc.com

Micro Leasing PCL is engaged in the business of providing hire purchase loans for used trucks, such as 6-wheel, 10-wheel, and 12-wheel trucks. The Group's operations involves operating segments which are hire purchase of trucks business, hire purchase of motorcycles business and insurance brokerage business. The company carries its operations in Thailand.

Micro Leasing PCL (BKK:MICRO) Headlines

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