Melewar Industrial Group Bhd (XKLS:3778) Days Payable : 2.75 (As of Dec. 2023)

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What is Melewar Industrial Group Bhd Days Payable?

Melewar Industrial Group Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM5.0 Mil. Melewar Industrial Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM166.6 Mil. Hence, Melewar Industrial Group Bhd's Days Payable for the three months ended in Dec. 2023 was 2.75.

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

XKLS:3778' s Days Payable Range Over the Past 10 Years
Min: 7.89 Med: 69.98 Max: 93.52
Current: 7.89

During the past 13 years, Melewar Industrial Group Bhd's highest Days Payable was 93.52. The lowest was 7.89. And the median was 69.98.

XKLS:3778's Days Payable is ranked worse than
93.03% of 588 companies
in the Steel industry
Industry Median: 41.41 vs XKLS:3778: 7.89

Melewar Industrial Group Bhd's Days Payable declined from Dec. 2022 (14.85) to Dec. 2023 (2.75). It may suggest that Melewar Industrial Group Bhd accelerated paying its suppliers.

Melewar Industrial Group Bhd Days Payable Historical Data

The historical data trend for Melewar Industrial 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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Melewar Industrial Group Bhd Days Payable Chart

Melewar Industrial Group Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

93.52

85.00

69.37

76.02

64.45

Melewar Industrial 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															14.85	9.51	13.13	9.86	2.75

Competitive Comparison of Melewar Industrial Group Bhd's Days Payable

For the Steel subindustry, Melewar Industrial 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.

Melewar Industrial Group Bhd's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Melewar Industrial Group Bhd's Days Payable distribution charts can be found below:

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

Melewar Industrial 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.

Melewar Industrial 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
=	( (154.576	+	27.958)	/	2 )	/	516.88	*	365
=	91.267					/	516.88	*	365
=	64.45

Melewar Industrial 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
=	( (4.699	+	5.346)	/	2 )	/	166.579	*	365 / 4
=	5.0225					/	166.579	*	365 / 4
=	2.75

Melewar Industrial Group Bhd Days Payable Related Terms

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Melewar Industrial Group Bhd (XKLS:3778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Melewar Industrial Group Bhd (XKLS:3778) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 566 Jalan Ipoh, 15th Floor, Kuala Lumpur, SGR, MYS, 51200

Website

http://www.melewar-mig.com

Melewar Industrial Group Bhd operates in four segments. The Steel Tube segment is in the business of manufacturing and sales of steel pipes and tubes. The Cold Rolled Coil segment is in the business of manufacturing and sales of cold-rolled coils. The investment holding segment refers to companies with investments in subsidiaries and companies with investments in quoted and unquoted equity securities. Others comprise companies involved in the food, trade-retail business, modular construction, and metal scraps trading businesses. It generates maximum revenue from the Cold rolled coil segment. Geographically, the group operates in Malaysia.

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