Moving iMage Technologies (Moving iMage Technologies) Days Payable : 37.60 (As of Mar. 2024)

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What is Moving iMage Technologies Days Payable?

Moving iMage Technologies's average Accounts Payable for the three months ended in Mar. 2024 was $1.32 Mil. Moving iMage Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.21 Mil. Hence, Moving iMage Technologies's Days Payable for the three months ended in Mar. 2024 was 37.60.

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

MITQ' s Days Payable Range Over the Past 10 Years
Min: 37.85 Med: 72.29 Max: 151.21
Current: 45.09

During the past 6 years, Moving iMage Technologies's highest Days Payable was 151.21. The lowest was 37.85. And the median was 72.29.

MITQ's Days Payable is ranked worse than
72.81% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs MITQ: 45.09

Moving iMage Technologies's Days Payable declined from Mar. 2023 (63.70) to Mar. 2024 (37.60). It may suggest that Moving iMage Technologies accelerated paying its suppliers.

Moving iMage Technologies Days Payable Historical Data

The historical data trend for Moving iMage Technologies'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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Moving iMage Technologies Days Payable Chart

Moving iMage Technologies Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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77.43

85.24

151.21

45.91

37.85

Moving iMage Technologies 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															63.70	38.05	41.86	74.72	37.60

Competitive Comparison of Moving iMage Technologies's Days Payable

For the Communication Equipment subindustry, Moving iMage Technologies'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.

Moving iMage Technologies's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Moving iMage Technologies's Days Payable falls into.

Moving iMage Technologies 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.

Moving iMage Technologies's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.583	+	1.507)	/	2 )	/	14.897	*	365
=	1.545					/	14.897	*	365
=	37.85

Moving iMage Technologies'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
=	( (1.192	+	1.457)	/	2 )	/	3.214	*	365 / 4
=	1.3245					/	3.214	*	365 / 4
=	37.60

Moving iMage Technologies Days Payable Related Terms

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Moving iMage Technologies (Moving iMage Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Moving iMage Technologies Inc (AMEX:MITQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

17760 Newhope Street, Fountain Valley, CA, USA, 92708

Website

http://www.movingimagetech.com

Moving iMage Technologies Inc is engaged in providing designed equipment as well as other off the shelf cinema products needed for contemporary cinema requirements. It offers technical, design and consulting services such as custom engineering, systems design, integration and installation, and digital technology, as well as software solutions for operations enhancement and theatre management.

Executives

William F Greene	officer: Interim CFO	12220 EL CAMINO REAL #410, CARLSBAD CA 92130
Philip L. Rafnson	director, 10 percent owner, officer: CEO, Pres.	17760 NEWHOPE STREET, IRVINE CA 92708
Bevan Wright	officer: EVP Operations	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
John Stiska	director
Katherine D Crothall	director	2425 S. BLUE CRANE DRIVE, JACKSON WY 83001
Jose Delgado	officer: EVP Sales & Marketing	11760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Michael R. Sherman	officer: CFO	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Scott Lloyd Anderson	director	17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92075
Sound Management Investors, Llc	10 percent owner	11109 XYLON AVENUE S, BLOOMINGTON MN 55438