Major Drilling Group International (TSX:MDI) Days Payable : 54.22 (As of Oct. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Major Drilling Group International Days Payable?

Major Drilling Group International's average Accounts Payable for the three months ended in Oct. 2023 was C$91.9 Mil. Major Drilling Group International's Cost of Goods Sold for the three months ended in Oct. 2023 was C$154.6 Mil. Hence, Major Drilling Group International's Days Payable for the three months ended in Oct. 2023 was 54.22.

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

TSX:MDI' s Days Payable Range Over the Past 10 Years
Min: 52.8 Med: 64.59 Max: 91.57
Current: 62.26

During the past 13 years, Major Drilling Group International's highest Days Payable was 91.57. The lowest was 52.80. And the median was 64.59.

TSX:MDI's Days Payable is ranked worse than
67.23% of 1065 companies
in the Metals & Mining industry
Industry Median: 129.97 vs TSX:MDI: 62.26

Major Drilling Group International's Days Payable declined from Oct. 2022 (60.76) to Oct. 2023 (54.22). It may suggest that Major Drilling Group International accelerated paying its suppliers.

Major Drilling Group International Days Payable Historical Data

The historical data trend for Major Drilling Group International'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.

* Premium members only.

Major Drilling Group International Days Payable Chart

Major Drilling Group International Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

Get a 7-Day Free Trial

65.23

62.44

63.95

62.79

66.86

Major Drilling Group International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															70.33	61.58	58.11	54.22	76.05

Competitive Comparison of Major Drilling Group International's Days Payable

For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.

Major Drilling Group International's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Days Payable distribution charts can be found below:

* The bar in red indicates where Major Drilling Group International's Days Payable falls into.

Major Drilling Group International 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.

Major Drilling Group International's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (102.596	+	102.144)	/	2 )	/	558.841	*	365
=	102.37					/	558.841	*	365
=	66.86

Major Drilling Group International's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (88.741	+	94.964)	/	2 )	/	154.59	*	365 / 4
=	91.8525					/	154.59	*	365 / 4
=	54.22

Major Drilling Group International Days Payable Related Terms

Thank you for viewing the detailed overview of Major Drilling Group International's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Major Drilling Group International (TSX:MDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Major Drilling Group International Inc (TSX:MDI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MJDLF:USA 3MJ:Germany

Address

111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7

Website

https://www.majordrilling.com

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which most of its revenue comes from Canada - the United States.

Major Drilling Group International (TSX:MDI) Headlines

No Headlines