Matthias Hohner AG (STU:HOH) Days Payable : 33.84 (As of Sep. 2013)

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What is Matthias Hohner AG Days Payable?

Matthias Hohner AG's average Accounts Payable for the six months ended in Sep. 2013 was €3.03 Mil. Matthias Hohner AG's Cost of Goods Sold for the six months ended in Sep. 2013 was €16.32 Mil. Hence, Matthias Hohner AG's Days Payable for the six months ended in Sep. 2013 was 33.84.

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

STU:HOH's Days Payable is not ranked ^*
in the industry.
Industry Median:
* Ranked among companies with meaningful Days Payable only.

Matthias Hohner AG's Days Payable declined from Sep. 2012 (42.08) to Sep. 2013 (33.84). It may suggest that Matthias Hohner AG accelerated paying its suppliers.

Matthias Hohner AG Days Payable Historical Data

The historical data trend for Matthias Hohner AG'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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Matthias Hohner AG Days Payable Chart

Matthias Hohner AG Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Days Payable

26.34

24.50

25.03

Matthias Hohner AG Semi-Annual Data
	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13
Days Payable	Get a 7-Day Free Trial			28.19	27.29	42.08	42.72	33.84

Competitive Comparison of Matthias Hohner AG's Days Payable

For the subindustry, Matthias Hohner AG'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.

Matthias Hohner AG's Days Payable Distribution in the Industry

For the industry and sector, Matthias Hohner AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Matthias Hohner AG's Days Payable falls into.

Matthias Hohner AG 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.

Matthias Hohner AG's Days Payable for the fiscal year that ended in Mar. 2013 is calculated as

	Days Payable (A: Mar. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2012 )	+	Accounts Payable (A: Mar. 2013 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2013 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	35.573	*	365
=	0					/	35.573	*	365
=	0.00

Matthias Hohner AG's Days Payable for the quarter that ended in Sep. 2013 is calculated as:

	Days Payable (Q: Sep. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2013 )	+	Accounts Payable (Q: Sep. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
=	( (0	+	3.027)	/	1 )	/	16.324	*	365 / 2
=	3.027					/	16.324	*	365 / 2
=	33.84

Matthias Hohner AG Days Payable Related Terms

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Matthias Hohner AG (STU:HOH) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.hohner.de

Matthias Hohner AG is engaged in the production, development and distribution of musical instruments. Its range of products includes harmonicas, recorders, accordions, guitars, grand pianos, digital pianos, amplifiers, melodicas and various accessories.

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