Mida Assets PCL (BKK:MIDA) Days Payable : 142.21 (As of Mar. 2024)

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What is Mida Assets PCL Days Payable?

Mida Assets PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿421 Mil. Mida Assets PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿270 Mil. Hence, Mida Assets PCL's Days Payable for the three months ended in Mar. 2024 was 142.21.

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

BKK:MIDA' s Days Payable Range Over the Past 10 Years
Min: 32.3 Med: 59.58 Max: 137.27
Current: 137.27

During the past 13 years, Mida Assets PCL's highest Days Payable was 137.27. The lowest was 32.30. And the median was 59.58.

BKK:MIDA's Days Payable is ranked better than
72.54% of 284 companies
in the Credit Services industry
Industry Median: 48.93 vs BKK:MIDA: 137.27

Mida Assets PCL's Days Payable increased from Mar. 2023 (100.58) to Mar. 2024 (142.21). It may suggest that Mida Assets PCL delayed paying its suppliers.

Mida Assets PCL Days Payable Historical Data

The historical data trend for Mida Assets 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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Mida Assets PCL Days Payable Chart

Mida Assets PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

54.98

58.90

84.25

81.52

59.48

Mida Assets PCL 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															100.58	157.37	124.64	99.60	142.21

Competitive Comparison of Mida Assets PCL's Days Payable

For the Credit Services subindustry, Mida Assets 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.

Mida Assets PCL's Days Payable Distribution in the Credit Services Industry

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

* The bar in red indicates where Mida Assets PCL's Days Payable falls into.

Mida Assets 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.

Mida Assets 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
=	( (240.814	+	234.239)	/	2 )	/	1457.567	*	365
=	237.5265					/	1457.567	*	365
=	59.48

Mida Assets PCL'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
=	( (234.239	+	606.816)	/	2 )	/	269.833	*	365 / 4
=	420.5275					/	269.833	*	365 / 4
=	142.21

Mida Assets PCL Days Payable Related Terms

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Mida Assets PCL (BKK:MIDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mida Assets PCL (BKK:MIDA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

267 Charansanitwong Road, Bang-Or, Bangplad, Bangkok, THA, 10700

Website

http://www.midaassets.com

Mida Assets PCL is a Thailand-based company engaged in different businesses such as sales of merchandises and hire-purchases financing for electronic equipment and used cars, real estate development, hotel operations services and management, golf course rental, agency for sale of real estate, advertising, public relation and events organizing services, providing financial services, management of non-performing assets and security guard services. Its segments include Hire-purchase business, Real estate development, Hotel operation, Agency for sale real estate, and Advertising, public relation, and events services, of which key revenue is derived from the Hire-purchase business. The group has a business presence in Thailand and other countries.

Mida Assets PCL (BKK:MIDA) Headlines

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