MTAG Group Bhd (XKLS:0213) Days Payable : 34.31 (As of Dec. 2023)

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What is MTAG Group Bhd Days Payable?

MTAG Group Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM5.1 Mil. MTAG Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM13.6 Mil. Hence, MTAG Group Bhd's Days Payable for the three months ended in Dec. 2023 was 34.31.

The historical rank and industry rank for MTAG Group Bhd's Days Payable or its related term are showing as below:

XKLS:0213' s Days Payable Range Over the Past 10 Years
Min: 32.9 Med: 52.15 Max: 73.29
Current: 36.77

During the past 8 years, MTAG Group Bhd's highest Days Payable was 73.29. The lowest was 32.90. And the median was 52.15.

XKLS:0213's Days Payable is ranked worse than
60.09% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs XKLS:0213: 36.77

MTAG Group Bhd's Days Payable declined from Dec. 2022 (38.69) to Dec. 2023 (34.31). It may suggest that MTAG Group Bhd accelerated paying its suppliers.

MTAG Group Bhd Days Payable Historical Data

The historical data trend for MTAG Group Bhd'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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MTAG Group Bhd Days Payable Chart

MTAG Group Bhd Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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45.97

51.94

32.90

52.36

51.52

MTAG Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															38.69	45.70	30.24	24.26	34.31

Competitive Comparison of MTAG Group Bhd's Days Payable

For the Specialty Business Services subindustry, MTAG Group Bhd'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.

MTAG Group Bhd's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MTAG Group Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where MTAG Group Bhd's Days Payable falls into.

MTAG Group Bhd 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.

MTAG Group Bhd'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
=	( (23.708	+	5.504)	/	2 )	/	103.484	*	365
=	14.606					/	103.484	*	365
=	51.52

MTAG Group Bhd's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.499	+	5.742)	/	2 )	/	13.619	*	365 / 4
=	5.1205					/	13.619	*	365 / 4
=	34.31

MTAG Group Bhd Days Payable Related Terms

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MTAG Group Bhd (XKLS:0213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MTAG Group Bhd (XKLS:0213) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan Perindustrian Tebrau III, PLO 226, Jalan Kencana Mas, Johor Bahru, Johor, MYS, 81100

Website

https://www.mtaggroup.com

MTAG Group Bhd is a converter company providing the services of label and sticker printing and customised converting services for various materials. In addition, it distributes industrial tapes and adhesive products under the brands 3M and Henkel. Its segments consist of Converting, Distribution and Investment holding. The company operates in Malaysia.

MTAG Group Bhd (XKLS:0213) Headlines

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