Mycronic AB (Mycronic AB) Days Payable : 53.49 (As of Mar. 2024)

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What is Mycronic AB Days Payable?

Mycronic AB's average Accounts Payable for the three months ended in Mar. 2024 was $40.4 Mil. Mycronic AB's Cost of Goods Sold for the three months ended in Mar. 2024 was $69.0 Mil. Hence, Mycronic AB's Days Payable for the three months ended in Mar. 2024 was 53.49.

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

MICLF' s Days Payable Range Over the Past 10 Years
Min: 33.29 Med: 43.92 Max: 55.6
Current: 49.38

During the past 13 years, Mycronic AB's highest Days Payable was 55.60. The lowest was 33.29. And the median was 43.92.

MICLF's Days Payable is ranked worse than
70.52% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs MICLF: 49.38

Mycronic AB's Days Payable increased from Mar. 2023 (47.38) to Mar. 2024 (53.49). It may suggest that Mycronic AB delayed paying its suppliers.

Mycronic AB Days Payable Historical Data

The historical data trend for Mycronic AB'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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Mycronic AB Days Payable Chart

Mycronic AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.13

52.29

44.92

41.70

44.45

Mycronic AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															47.38	52.69	55.30	38.36	53.49

Competitive Comparison of Mycronic AB's Days Payable

For the Specialty Industrial Machinery subindustry, Mycronic AB'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.

Mycronic AB's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mycronic AB's Days Payable distribution charts can be found below:

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

Mycronic AB 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.

Mycronic AB'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
=	( (29.871	+	37.826)	/	2 )	/	277.94	*	365
=	33.8485					/	277.94	*	365
=	44.45

Mycronic AB's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (37.826	+	43.03)	/	2 )	/	68.964	*	365 / 4
=	40.428					/	68.964	*	365 / 4
=	53.49

Mycronic AB Days Payable Related Terms

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Mycronic AB (Mycronic AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mycronic AB (OTCPK:MICLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MYCR:Sweden 0MQG:UK MLT:Germany

Address

Nytorpsvagen 9, P.O. Box 3141, Taby, Stockholm, SWE, 183 03

Website

https://www.mycronic.com

Mycronic AB develops solutions for advanced electronics production. It operates in four segments: Pattern Generators, which develops, manufactures, and markets mask writers and measuring machines for the production of advanced photomasks for displays; The High Flex division develops, manufactures, and markets surface mount technology (SMT) and inspection equipment, focusing on markets for flexible manufacture, primarily in Europe and the USA; The High Volume division develops, manufactures and markets equipment for dispensing and conformal coating of circuit boards, with a focus on high-volume markets in Asia. The Global Technologies division's offering includes advanced production solutions with high levels of differentiation.