Movement Industries (Movement Industries) Days Payable : 640.63 (As of Jun. 2023)

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What is Movement Industries Days Payable?

Movement Industries's average Accounts Payable for the six months ended in Jun. 2023 was $1.02 Mil. Movement Industries's Cost of Goods Sold for the six months ended in Jun. 2023 was $0.58 Mil. Hence, Movement Industries's Days Payable for the six months ended in Jun. 2023 was 320.32.

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

MVNT' s Days Payable Range Over the Past 10 Years
Min: 382.91 Med: 511.77 Max: 640.63
Current: 640.63

During the past 2 years, Movement Industries's highest Days Payable was 640.63. The lowest was 382.91. And the median was 511.77.

MVNT's Days Payable is ranked better than
85.9% of 468 companies
in the Asset Management industry
Industry Median: 69.215 vs MVNT: 640.63

Movement Industries's Days Payable increased from . 20 (0.00) to Jun. 2023 (640.63). It may suggest that Movement Industries delayed paying its suppliers.

Movement Industries Days Payable Historical Data

The historical data trend for Movement Industries'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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Movement Industries Days Payable Chart

Movement Industries Annual Data

Trend

Jun22

Jun23

Days Payable

382.91

640.63

Movement Industries Semi-Annual Data
	Jun22	Jun23
Days Payable	382.91	640.63

Competitive Comparison of Movement Industries's Days Payable

For the Asset Management subindustry, Movement Industries'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.

Movement Industries's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Movement Industries's Days Payable distribution charts can be found below:

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

Movement Industries 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.

Movement Industries'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
=	( (0.962	+	1.081)	/	2 )	/	0.582	*	365
=	1.0215					/	0.582	*	365
=	640.63

Movement Industries's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.962	+	1.081)	/	2 )	/	0.582	*	365 / 2
=	1.0215					/	0.582	*	365 / 2
=	320.32

Movement Industries Days Payable Related Terms

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Movement Industries (Movement Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Movement Industries Corp (OTCPK:MVNT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6829 Flintlock Road, Houston, TX, USA, 77040

Website

https://www.mvmnt.in

Movement Industries Corp is engaged in investments in emerging growth companies in the energy, oil and gas, and industrial manufacturing sectors. The company also offers its services to utilities, technology, agriculture, and medical industries. It provides valves, actuators, pumps, tanks, and wellhead control panels, CNC Machining, Waterjet, Plasma, Laser Cutting, Welding and Fabrication, control systems, and communication systems among its many products and services. The company operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets.