Meridian AD (XBLB:MRDN-R-A) Days Payable : 75.21 (As of Dec. 2013)

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What is Meridian AD Days Payable?

Meridian AD's average Accounts Payable for the six months ended in Dec. 2013 was BAM0.53 Mil. Meridian AD's Cost of Goods Sold for the six months ended in Dec. 2013 was BAM1.30 Mil. Hence, Meridian AD's Days Payable for the six months ended in Dec. 2013 was 75.21.

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

XBLB:MRDN-R-A's Days Payable is not ranked ^*
in the Transportation industry.
Industry Median: 38.81
* Ranked among companies with meaningful Days Payable only.

Meridian AD's Days Payable declined from Dec. 2012 (88.12) to Dec. 2013 (75.21). It may suggest that Meridian AD accelerated paying its suppliers.

Meridian AD Days Payable Historical Data

The historical data trend for Meridian AD'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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Meridian AD Days Payable Chart

Meridian AD Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Days Payable

109.56

94.45

89.39

78.21

Meridian AD Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Dec14
Days Payable	Get a 7-Day Free Trial			101.20	88.12	100.86	75.21	-

Competitive Comparison of Meridian AD's Days Payable

For the Integrated Freight & Logistics subindustry, Meridian AD'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.

Meridian AD's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Meridian AD's Days Payable distribution charts can be found below:

* The bar in red indicates where Meridian AD's Days Payable falls into.

Meridian AD 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.

Meridian AD's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

	Days Payable (A: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2013 )	+	Accounts Payable (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (0.513	+	0.555)	/	2 )	/	2.492	*	365
=	0.534					/	2.492	*	365
=	78.21

Meridian AD's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

	Days Payable (Q: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2013 )	+	Accounts Payable (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (0.556	+	0.513)	/	2 )	/	1.297	*	365 / 2
=	0.5345					/	1.297	*	365 / 2
=	75.21

Meridian AD Days Payable Related Terms

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Meridian AD (XBLB:MRDN-R-A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Meridian AD (XBLB:MRDN-R-A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veselina Maslese 21/II, Banja Luka, BIH, 78000

Website

http://www.meridianbl.com

Meridian AD operates in integrated shipping and logistics industry in Bosnia and Herzegovina. The services offered by the company include organization of transport, collective transport, customs brokerage, storage of goods, and consulting.

Meridian AD (XBLB:MRDN-R-A) Headlines

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