MTI Wireless Edge (LSE:MWE) Days Payable : 66.45 (As of Jun. 2023)

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What is MTI Wireless Edge Days Payable?

MTI Wireless Edge's average Accounts Payable for the three months ended in Jun. 2023 was £4.32 Mil. MTI Wireless Edge's Cost of Goods Sold for the three months ended in Jun. 2023 was £5.93 Mil. Hence, MTI Wireless Edge's Days Payable for the three months ended in Jun. 2023 was 66.45.

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

LSE:MWE' s Days Payable Range Over the Past 10 Years
Min: 46.63 Med: 62.91 Max: 81.61
Current: 68.92

During the past 13 years, MTI Wireless Edge's highest Days Payable was 81.61. The lowest was 46.63. And the median was 62.91.

LSE:MWE's Days Payable is ranked better than
50.81% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs LSE:MWE: 68.92

MTI Wireless Edge's Days Payable increased from Jun. 2022 (65.68) to Jun. 2023 (66.45). It may suggest that MTI Wireless Edge delayed paying its suppliers.

MTI Wireless Edge Days Payable Historical Data

The historical data trend for MTI Wireless Edge'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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MTI Wireless Edge Days Payable Chart

MTI Wireless Edge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.85

75.77

63.87

61.27

81.61

MTI Wireless Edge Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															62.44	72.26	66.56	66.45	-

Competitive Comparison of MTI Wireless Edge's Days Payable

For the Communication Equipment subindustry, MTI Wireless Edge'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.

MTI Wireless Edge's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MTI Wireless Edge's Days Payable distribution charts can be found below:

* The bar in red indicates where MTI Wireless Edge's Days Payable falls into.

MTI Wireless Edge 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.

MTI Wireless Edge'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
=	( (4.712	+	6.227)	/	2 )	/	24.461	*	365
=	5.4695					/	24.461	*	365
=	81.61

MTI Wireless Edge's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (4.503	+	4.136)	/	2 )	/	5.932	*	365 / 4
=	4.3195					/	5.932	*	365 / 4
=	66.45

MTI Wireless Edge Days Payable Related Terms

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MTI Wireless Edge (LSE:MWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MTI Wireless Edge Ltd (LSE:MWE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

M7O:Germany

Address

11 Hamelacha Street, Afek Industrial Park, Rosh-Ha'Ayin, ISR, 4809121

Website

https://www.mtiwirelessedge.com

MTI Wireless Edge Ltd is an Israel-based company engaged in three segments; the antennas segment includes the development, design, manufacture, and marketing of antennas for the military and civilian sectors, Water solutions segment is a provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies, and Distribution and Consultation segment provides consulting representation, and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services, and development, manufacture, and integration of communication systems and monitoring and control systems.