M&Z (MAL:MZ) Days Payable : 17.40 (As of Dec. 2023)

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What is M&Z Days Payable?

M&Z's average Accounts Payable for the six months ended in Dec. 2023 was €1.20 Mil. M&Z's Cost of Goods Sold for the six months ended in Dec. 2023 was €12.54 Mil. Hence, M&Z's Days Payable for the six months ended in Dec. 2023 was 17.40.

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

MAL:MZ' s Days Payable Range Over the Past 10 Years
Min: 7.97 Med: 10.61 Max: 15.73
Current: 15.73

During the past 3 years, M&Z's highest Days Payable was 15.73. The lowest was 7.97. And the median was 10.61.

MAL:MZ's Days Payable is ranked worse than
92.83% of 307 companies
in the Retail - Defensive industry
Industry Median: 43.48 vs MAL:MZ: 15.73

M&Z's Days Payable increased from Dec. 2022 (14.16) to Dec. 2023 (17.40). It may suggest that M&Z delayed paying its suppliers.

M&Z Days Payable Historical Data

The historical data trend for M&Z'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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M&Z Days Payable Chart

M&Z Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

7.97

10.61

15.73

M&Z Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			7.63	6.57	14.16	14.01	17.40

Competitive Comparison of M&Z's Days Payable

For the Food Distribution subindustry, M&Z'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.

M&Z's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, M&Z's Days Payable distribution charts can be found below:

* The bar in red indicates where M&Z's Days Payable falls into.

M&Z 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.

M&Z'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
=	( (0.935	+	1.196)	/	2 )	/	24.721	*	365
=	1.0655					/	24.721	*	365
=	15.73

M&Z'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
=	( (0	+	1.196)	/	1 )	/	12.544	*	365 / 2
=	1.196					/	12.544	*	365 / 2
=	17.40

M&Z Days Payable Related Terms

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M&Z (MAL:MZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » M&Z PLC (MAL:MZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

MMGH Complex South Block, PO Box 295, Marsa Industrial Estate, Valletta, Marsa, MLT

Website

https://www.mz.com.mt

M&Z PLC is a company specializing in the sourcing, importation, distribution, and marketing (to the local consumer) of fast-moving consumer goods and pharmaceutical non-medical products for the retail and catering industry. The food brands comprise part of the brand portfolio and can be divided into ambient, chilled, and frozen products. The cleaning products portfolio is divided into home and personal care items. Its brand includes Knorr, Lipton, Pond's, Algida, asiago food, and others.

M&Z (MAL:MZ) Headlines

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