Millennium Services Group (ASX:MIL) Days Payable : 154.92 (As of Dec. 2023)

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What is Millennium Services Group Days Payable?

Millennium Services Group's average Accounts Payable for the six months ended in Dec. 2023 was A$16.5 Mil. Millennium Services Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$19.5 Mil. Hence, Millennium Services Group's Days Payable for the six months ended in Dec. 2023 was 154.92.

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

ASX:MIL' s Days Payable Range Over the Past 10 Years
Min: 35.9 Med: 43.13 Max: 165.96
Current: 165.96

During the past 7 years, Millennium Services Group's highest Days Payable was 165.96. The lowest was 35.90. And the median was 43.13.

ASX:MIL's Days Payable is ranked better than
84.63% of 924 companies
in the Business Services industry
Industry Median: 47.74 vs ASX:MIL: 165.96

Millennium Services Group's Days Payable increased from Dec. 2022 (116.16) to Dec. 2023 (154.92). It may suggest that Millennium Services Group delayed paying its suppliers.

Millennium Services Group Days Payable Historical Data

The historical data trend for Millennium Services Group'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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Millennium Services Group Days Payable Chart

Millennium Services Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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53.04

43.13

36.11

35.90

42.87

Millennium Services Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial										83.87	84.66	116.16	116.52	154.92

Competitive Comparison of Millennium Services Group's Days Payable

For the Specialty Business Services subindustry, Millennium Services Group'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.

Millennium Services Group's Days Payable Distribution in the Business Services Industry

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

* The bar in red indicates where Millennium Services Group's Days Payable falls into.

Millennium Services Group 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.

Millennium Services Group'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
=	( (4.437	+	4.776)	/	2 )	/	39.224	*	365
=	4.6065					/	39.224	*	365
=	42.87

Millennium Services Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.776	+	28.275)	/	2 )	/	19.468	*	365 / 2
=	16.5255					/	19.468	*	365 / 2
=	154.92

Millennium Services Group Days Payable Related Terms

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Millennium Services Group (ASX:MIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Millennium Services Group Ltd (ASX:MIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

631 Springvale Road, Level 3, Mulgrave, VIC, AUS, 3170

Website

https://www.millenniumsg.com

Millennium Services Group Ltd provides cleaning, security, maintenance and integrated services. The company offers services to the retail shopping centre, commercial property, and commonwealth and state government sectors. The company segments include Cleaning and Security. The company generates maximum revenue from the Cleaning segment.

Millennium Services Group (ASX:MIL) Headlines

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