Mida Leasing PCL (BKK:ML) Days Payable : 218.60 (As of Mar. 2024)

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What is Mida Leasing PCL Days Payable?

Mida Leasing PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿71.4 Mil. Mida Leasing PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿29.8 Mil. Hence, Mida Leasing PCL's Days Payable for the three months ended in Mar. 2024 was 218.60.

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

BKK:ML' s Days Payable Range Over the Past 10 Years
Min: 134.25 Med: 173.18 Max: 242.05
Current: 206.23

During the past 13 years, Mida Leasing PCL's highest Days Payable was 242.05. The lowest was 134.25. And the median was 173.18.

BKK:ML's Days Payable is ranked better than
78.52% of 284 companies
in the Credit Services industry
Industry Median: 48.93 vs BKK:ML: 206.23

Mida Leasing PCL's Days Payable increased from Mar. 2023 (216.07) to Mar. 2024 (218.60). It may suggest that Mida Leasing PCL delayed paying its suppliers.

Mida Leasing PCL Days Payable Historical Data

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

Mida Leasing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

177.21

134.64

158.68

151.90

134.25

Mida Leasing 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															216.07	251.97	237.15	122.59	218.60

Competitive Comparison of Mida Leasing PCL's Days Payable

For the Credit Services subindustry, Mida 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.

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

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

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

Mida 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.

Mida 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
=	( (48.579	+	49.372)	/	2 )	/	133.152	*	365
=	48.9755					/	133.152	*	365
=	134.25

Mida Leasing 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
=	( (49.372	+	93.525)	/	2 )	/	29.825	*	365 / 4
=	71.4485					/	29.825	*	365 / 4
=	218.60

Mida Leasing PCL Days Payable Related Terms

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Mida Leasing PCL (BKK:ML) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

48/1-5, Soi Chaengwattana 14, Chaengwattana Road, Thungsonghong, Lak si, Bangkok, THA, 10210

Website

https://www.mida-leasing.com

Mida Leasing PCL is principally engaged in providing financial services for used cars hire-purchasing and management of non-performing assets. The company operates its business in three segments namely Hire purchase financing for used cars, Other financial services, and Non-performing receivable management business. It also expanded its range of loans, including new hire-purchase loans, hire-purchase of taxis, working capital loans. The company's major businesses are carried in Thailand.