Miko NV (XBRU:MIKO) Days Payable : 96.24 (As of Jun. 2023)

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What is Miko NV Days Payable?

Miko NV's average Accounts Payable for the six months ended in Jun. 2023 was €39.0 Mil. Miko NV's Cost of Goods Sold for the six months ended in Jun. 2023 was €74.0 Mil. Hence, Miko NV's Days Payable for the six months ended in Jun. 2023 was 96.24.

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

XBRU:MIKO' s Days Payable Range Over the Past 10 Years
Min: 52.96 Med: 66.76 Max: 170.19
Current: 100.04

During the past 13 years, Miko NV's highest Days Payable was 170.19. The lowest was 52.96. And the median was 66.76.

XBRU:MIKO's Days Payable is ranked better than
82.49% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs XBRU:MIKO: 100.04

Miko NV's Days Payable declined from Jun. 2022 (105.51) to Jun. 2023 (96.24). It may suggest that Miko NV accelerated paying its suppliers.

Miko NV Days Payable Historical Data

The historical data trend for Miko NV'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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Miko NV Days Payable Chart

Miko NV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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67.32

72.28

170.19

123.54

87.18

Miko NV Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															139.70	94.64	105.51	99.37	96.24

Competitive Comparison of Miko NV's Days Payable

For the Packaged Foods subindustry, Miko NV'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.

Miko NV's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Miko NV's Days Payable distribution charts can be found below:

* The bar in red indicates where Miko NV's Days Payable falls into.

Miko NV 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.

Miko NV'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
=	( (27.99	+	36.934)	/	2 )	/	135.911	*	365
=	32.462					/	135.911	*	365
=	87.18

Miko NV'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
=	( (36.934	+	41.107)	/	2 )	/	73.992	*	365 / 2
=	39.0205					/	73.992	*	365 / 2
=	96.24

Miko NV Days Payable Related Terms

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Miko NV (XBRU:MIKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Miko NV (XBRU:MIKO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Steenweg op Mol 177, Turnhout, BEL, B-2300

Website

https://www.mikocoffee.com

Miko NV is involved in the business of producing and distributing coffee and plastic packaging. The company also manages its subsidiaries in European countries and Australia as well as sells its coffee concepts via independent distributors in countries across Europe and beyond. The various national subsidiaries within the coffee division all focus on the market segments of office coffee, the hospitality sector and health care. It mainly operates in Belgium, England, Germany, New Zealand, France and others.

Miko NV (XBRU:MIKO) Headlines

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