Midwich Group (LSE:MIDW) Days Payable : 64.66 (As of Dec. 2023)

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What is Midwich Group Days Payable?

Midwich Group's average Accounts Payable for the six months ended in Dec. 2023 was £199 Mil. Midwich Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £562 Mil. Hence, Midwich Group's Days Payable for the six months ended in Dec. 2023 was 64.66.

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

LSE:MIDW' s Days Payable Range Over the Past 10 Years
Min: 44.92 Med: 50.88 Max: 65.07
Current: 65.07

During the past 11 years, Midwich Group's highest Days Payable was 65.07. The lowest was 44.92. And the median was 50.88.

LSE:MIDW's Days Payable is ranked worse than
52.66% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs LSE:MIDW: 65.07

Midwich Group's Days Payable declined from Dec. 2022 (69.28) to Dec. 2023 (64.66). It may suggest that Midwich Group accelerated paying its suppliers.

Midwich Group Days Payable Historical Data

The historical data trend for Midwich Group'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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Midwich Group Days Payable Chart

Midwich Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.00

49.06

47.52

50.44

60.08

Midwich Group Semi-Annual Data
	Dec13	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															56.54	63.76	69.28	70.78	64.66

Competitive Comparison of Midwich Group's Days Payable

For the Electronics & Computer Distribution subindustry, Midwich Group'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.

Midwich Group's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Midwich Group's Days Payable distribution charts can be found below:

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

Midwich Group 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.

Midwich Group'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
=	( (175.634	+	177.472)	/	2 )	/	1072.675	*	365
=	176.553					/	1072.675	*	365
=	60.08

Midwich Group'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
=	( (220.621	+	177.472)	/	2 )	/	561.807	*	365 / 2
=	199.0465					/	561.807	*	365 / 2
=	64.66

Midwich Group Days Payable Related Terms

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Midwich Group (LSE:MIDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Midwich Group PLC (LSE:MIDW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9S2:Germany

Address

Vinces Road, Diss, Norfolk, GBR, IP22 4YT

Website

https://www.midwichgroupplc.com

Midwich Group PLC provides audio-visual (AV) and document solutions to the trade market. The company's product portfolio includes audiovisual categories such as displays, projectors, digital signage, unified communications, and professional audio. It operates in four segments based on its geography: UK & Ireland, EMEA (Europe, Middle East, and Africa), Asia Pacific, and North America in which it generates the majority of revenue from the UK & Ireland.

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