Mag Mile Capital (Mag Mile Capital) Days Payable : 0.00 (As of Dec. 2023)

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What is Mag Mile Capital Days Payable?

Mag Mile Capital's average Accounts Payable for the three months ended in Dec. 2023 was $0.07 Mil. Mag Mile Capital's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.49 Mil. Hence, Mag Mile Capital's Days Payable for the three months ended in Dec. 2023 was 13.28.

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

MMCP' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 18.36
Current: 18.36

During the past 3 years, Mag Mile Capital's highest Days Payable was 18.36. The lowest was 0.00. And the median was 0.00.

MMCP's Days Payable is not ranked
in the Banks industry.
Industry Median: 58.9 vs MMCP: 18.36

Mag Mile Capital's Days Payable stayed the same from Oct. 2022 (0.00) to Dec. 2023 (0.00). stayed the same

Mag Mile Capital Days Payable Historical Data

The historical data trend for Mag Mile Capital'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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Mag Mile Capital Days Payable Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

Days Payable

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23
Days Payable	Get a 7-Day Free Trial					-	-	10.83	-	-

Competitive Comparison of Mag Mile Capital's Days Payable

For the Mortgage Finance subindustry, Mag Mile Capital'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.

Mag Mile Capital's Days Payable Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mag Mile Capital's Days Payable distribution charts can be found below:

* The bar in red indicates where Mag Mile Capital's Days Payable falls into.

Mag Mile Capital 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.

Mag Mile Capital'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: Jul. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.481	*	365
=	0					/	1.481	*	365
=	0.00

Mag Mile Capital'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: Jul. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.071	+	0)	/	1 )	/	0.488	*	365 / 4
=	0.071					/	0.488	*	365 / 4
=	13.28

Mag Mile Capital Days Payable Related Terms

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Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

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