Minim (MINM) Days Payable : 893.54 (As of Dec. 2023)

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What is Minim Days Payable?

Minim's average Accounts Payable for the three months ended in Dec. 2023 was $10.67 Mil. Minim's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.09 Mil. Hence, Minim's Days Payable for the three months ended in Dec. 2023 was 893.54.

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

MINM' s Days Payable Range Over the Past 10 Years
Min: 30.84 Med: 66.94 Max: 121
Current: 108.9

During the past 13 years, Minim's highest Days Payable was 121.00. The lowest was 30.84. And the median was 66.94.

MINM's Days Payable is ranked better than
74.56% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs MINM: 108.90

Minim's Days Payable increased from Dec. 2022 (52.37) to Dec. 2023 (893.54). It may suggest that Minim delayed paying its suppliers.

Minim Days Payable Historical Data

The historical data trend for Minim'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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Minim Days Payable Chart

Minim Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.19

89.01

121.00

72.14

99.53

Minim Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															52.37	45.79	95.62	89.09	893.54

Competitive Comparison of Minim's Days Payable

For the Communication Equipment subindustry, Minim'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.

Minim's Days Payable Distribution in the Hardware Industry

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

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

Minim 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.

Minim'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
=	( (2.837	+	11.144)	/	2 )	/	25.635	*	365
=	6.9905					/	25.635	*	365
=	99.53

Minim'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (10.203	+	11.144)	/	2 )	/	1.09	*	365 / 4
=	10.6735					/	1.09	*	365 / 4
=	893.54

Minim Days Payable Related Terms

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Minim (MINM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minim Inc (NAS:MINM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

3EM0:Germany

Address

848 Elm Street, Manchester, NH, USA, 03101

Website

https://www.minim.com

Minim Inc manufactures communications equipment. The company delivers smart software-driven communications products under the Motorola brand. Its hardware products include cable modems, cable modems/routers, mobile broadband modems, wireless routers, MoCA adapters, and mesh home networking devices. Geographically, it generates nearly all of its revenue from North America.

Executives

Elizabeth Cash Hitchcock	director, 10 percent owner	848 ELM STREET, 2ND FLOOR, MANCHESTER NH 03101
Jeremy P. Hitchcock	director, 10 percent owner	848 ELM STREET, 2ND FLOOR, MANCHESTER NH 03101
Andrew F. Papanicolau	director	848 ELM STREET, MANCHESTER NH 03101
Mehul A Patel	officer: Chief Financial Officer	3770 BLACKBURN COURT, CHALFONT PA 18914
Dustin Tacker	officer: Interim Chief Acctng. Officer	224 ATLANTIC ST, GLOUCESTER MA 01930
Daniel A Artusi	director	5966 LA PLACE COURT, SUITE 100, CARLSBAD CA 92008
Hitchcock Elizabeth Sarah Cash	director, 10 percent owner	101 ARCH STREET, BOSTON MA 02110
Sandra Kaye Howe	director	101 ARCH STREET, BOSTON MA 02110
David Bradley Aronoff	director	101 ARCH STREET, BOSTON MA 02110
Graham James Chynoweth	director, officer: Chief Executive Officer	101 ARCH STREET, BOSTON MA 02110
Joshua Horowitz	director	72-38 113TH STREET, APARTMENT 3L, FOREST HILLS NY 11375
Sean Patrick Doherty	officer: Chief Financial Officer	101 ARCH STREET, BOSTON MA 02110
Nicole Elisabeth Zheng	officer: President & CMO	101 ARCH STREET, BOSTON MA 02110
John Lauten	officer: Chief Operating Officer	848 ELM STREET, MANCHESTER NH 03101
Terry Manning	officer: VP of Sales & Marketing