Meikles (LSE:MIK) Days Payable : 21.11 (As of Aug. 2023)

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What is Meikles Days Payable?

Meikles's average Accounts Payable for the six months ended in Aug. 2023 was $235 Mil. Meikles's Cost of Goods Sold for the six months ended in Aug. 2023 was $2,030 Mil. Hence, Meikles's Days Payable for the six months ended in Aug. 2023 was 21.11.

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

LSE:MIK' s Days Payable Range Over the Past 10 Years
Min: 12.26 Med: 26.42 Max: 347.88
Current: 36.55

During the past 7 years, Meikles's highest Days Payable was 347.88. The lowest was 12.26. And the median was 26.42.

LSE:MIK's Days Payable is ranked worse than
68.61% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.77 vs LSE:MIK: 36.55

Meikles's Days Payable increased from Mar. 2022 (17.31) to Aug. 2023 (21.11). It may suggest that Meikles delayed paying its suppliers.

Meikles Days Payable Historical Data

The historical data trend for Meikles'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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Meikles Days Payable Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Days Payable

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18.09

34.46

347.87

12.26

18.38

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Days Payable	Get a 7-Day Free Trial									-	10.36	17.31	29.77	21.11

Competitive Comparison of Meikles's Days Payable

For the Department Stores subindustry, Meikles'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.

Meikles's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Days Payable distribution charts can be found below:

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

Meikles 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.

Meikles's Days Payable for the fiscal year that ended in Mar. 2021 is calculated as

	Days Payable (A: Mar. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2020 )	+	Accounts Payable (A: Mar. 2021 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2021 )	*	Days in Period
=	( (2.926	+	8.865)	/	2 )	/	117.046	*	365
=	5.8955					/	117.046	*	365
=	18.38

Meikles's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (61.281	+	408.248)	/	2 )	/	2029.515	*	365 / 2
=	234.7645					/	2029.515	*	365 / 2
=	21.11

Meikles Days Payable Related Terms

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Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.