Metro (TSX:MRU) Days Payable : 38.21 (As of Mar. 2024)

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What is Metro Days Payable?

Metro's average Accounts Payable for the three months ended in Mar. 2024 was C$1,561 Mil. Metro's Cost of Goods Sold for the three months ended in Mar. 2024 was C$3,727 Mil. Hence, Metro's Days Payable for the three months ended in Mar. 2024 was 38.21.

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

TSX:MRU' s Days Payable Range Over the Past 10 Years
Min: 33.49 Med: 36.07 Max: 38.69
Current: 33.49

During the past 13 years, Metro's highest Days Payable was 38.69. The lowest was 33.49. And the median was 36.07.

TSX:MRU's Days Payable is ranked worse than
66.23% of 308 companies
in the Retail - Defensive industry
Industry Median: 43.72 vs TSX:MRU: 33.49

Metro's Days Payable declined from Mar. 2023 (39.10) to Mar. 2024 (38.21). It may suggest that Metro accelerated paying its suppliers.

Metro Days Payable Historical Data

The historical data trend for Metro'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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Metro Days Payable Chart

Metro Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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35.30

35.32

37.50

37.72

35.04

Metro Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															39.10	26.92	35.36	37.01	38.21

Competitive Comparison of Metro's Days Payable

For the Grocery Stores subindustry, Metro'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.

Metro's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metro's Days Payable distribution charts can be found below:

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

Metro 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.

Metro's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (1575.8	+	1619.4)	/	2 )	/	16642.4	*	365
=	1597.6					/	16642.4	*	365
=	35.04

Metro's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1625.9	+	1495.8)	/	2 )	/	3727.4	*	365 / 4
=	1560.85					/	3727.4	*	365 / 4
=	38.21

Metro Days Payable Related Terms

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Metro (TSX:MRU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Metro Inc (TSX:MRU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MTRAF:USA 62M:Germany

Address

11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6

Website

https://www.metro.ca

Metro is the third-largest grocery retailer in Canada (behind Loblaw and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaw and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in the provinces of Quebec and Ontario, with no presence in western Canada.

Metro (TSX:MRU) Headlines

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