Managem (CAS:MNG) Days Payable : 135.37 (As of Dec. 2023)

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What is Managem Days Payable?

Managem's average Accounts Payable for the six months ended in Dec. 2023 was MAD1,828 Mil. Managem's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD2,465 Mil. Hence, Managem's Days Payable for the six months ended in Dec. 2023 was 135.37.

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

CAS:MNG' s Days Payable Range Over the Past 10 Years
Min: 91.92 Med: 140.29 Max: 233.4
Current: 122.78

During the past 13 years, Managem's highest Days Payable was 233.40. The lowest was 91.92. And the median was 140.29.

CAS:MNG's Days Payable is ranked worse than
50.85% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs CAS:MNG: 122.78

Managem's Days Payable increased from Dec. 2022 (115.84) to Dec. 2023 (135.37). It may suggest that Managem delayed paying its suppliers.

Managem Days Payable Historical Data

The historical data trend for Managem'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.

* Premium members only.

Managem Days Payable Chart

Managem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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100.42

157.64

119.19

91.92

122.93

Managem Semi-Annual Data
	Jun14	Dec14	Jun15	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															273.15	81.88	115.84	111.12	135.37

Competitive Comparison of Managem's Days Payable

For the Other Precious Metals & Mining subindustry, Managem'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.

Managem's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Managem's Days Payable distribution charts can be found below:

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

Managem 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.

Managem'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
=	( (1553.3	+	1924.5)	/	2 )	/	5163	*	365
=	1738.9					/	5163	*	365
=	122.93

Managem'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
=	( (1732.3	+	1924.5)	/	2 )	/	2464.9	*	365 / 2
=	1828.4					/	2464.9	*	365 / 2
=	135.37

Managem Days Payable Related Terms

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Managem (CAS:MNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Managem SA (CAS:MNG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Angle Boulevards Zerktouni et Al Massira Al Khadra, Twin Center, Tour A, Casablanca, MAR, BP 5199

Website

http://www.managemgroup.com

Managem SA operates as an integrated mining group. The business operations include managing a portfolio of properties targeting precious metals such as gold and silver, and base metals which include copper, zinc, lead, cobalt and fluorite.

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