Multi Ways Holdings (Multi Ways Holdings) Days Payable : 103.78 (As of Jun. 2023)

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What is Multi Ways Holdings Days Payable?

Multi Ways Holdings's average Accounts Payable for the six months ended in Jun. 2023 was $5.73 Mil. Multi Ways Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $10.08 Mil. Hence, Multi Ways Holdings's Days Payable for the six months ended in Jun. 2023 was 103.78.

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

MWG' s Days Payable Range Over the Past 10 Years
Min: 58.63 Med: 71.93 Max: 80.23
Current: 79.72

During the past 3 years, Multi Ways Holdings's highest Days Payable was 80.23. The lowest was 58.63. And the median was 71.93.

MWG's Days Payable is ranked better than
68.72% of 924 companies
in the Business Services industry
Industry Median: 47.08 vs MWG: 79.72

Multi Ways Holdings's Days Payable increased from Jun. 2022 (55.45) to Jun. 2023 (103.78). It may suggest that Multi Ways Holdings delayed paying its suppliers.

Multi Ways Holdings Days Payable Historical Data

The historical data trend for Multi Ways Holdings'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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Multi Ways Holdings Days Payable Chart

Multi Ways Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

80.23

71.93

58.63

Multi Ways Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial			113.66	50.60	55.45	59.27	103.78

Competitive Comparison of Multi Ways Holdings's Days Payable

For the Rental & Leasing Services subindustry, Multi Ways Holdings'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.

Multi Ways Holdings's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Multi Ways Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Multi Ways Holdings's Days Payable falls into.

Multi Ways Holdings 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.

Multi Ways Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (4.413	+	4.781)	/	2 )	/	28.617	*	365
=	4.597					/	28.617	*	365
=	58.63

Multi Ways Holdings'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: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (4.781	+	6.687)	/	2 )	/	10.083	*	365 / 2
=	5.734					/	10.083	*	365 / 2
=	103.78

Multi Ways Holdings Days Payable Related Terms

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Multi Ways Holdings (Multi Ways Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Multi Ways Holdings Ltd (AMEX:MWG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3E Gul Circle, Singapore, SGP, 629633

Website

https://www.multiways.com.sg

Multi Ways Holdings Ltd is a supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region. The wide variety of new and used heavy construction equipment for sale and rental by customers range from: earth-moving equipment such as bulldozers, off-terrain dump trucks, excavators and wheel loaders; material-handling equipment such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts and telescopic handlers; road-building equipment such as motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers and mini excavators; and generators and compressors, such as air compressors, generators, lighting towers and welding machines.