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Minerva Knitwear (ATH:MIN) Days Payable : 72.42 (As of Jun. 2023)


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What is Minerva Knitwear Days Payable?

Minerva Knitwear's average Accounts Payable for the six months ended in Jun. 2023 was €1.63 Mil. Minerva Knitwear's Cost of Goods Sold for the six months ended in Jun. 2023 was €4.12 Mil. Hence, Minerva Knitwear's Days Payable for the six months ended in Jun. 2023 was 72.42.

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

ATH:MIN' s Days Payable Range Over the Past 10 Years
Min: 46.25   Med: 51.12   Max: 71.01
Current: 62.53

During the past 7 years, Minerva Knitwear's highest Days Payable was 71.01. The lowest was 46.25. And the median was 51.12.

ATH:MIN's Days Payable is ranked better than
54.79% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs ATH:MIN: 62.53

Minerva Knitwear's Days Payable declined from Jun. 2022 (73.84) to Jun. 2023 (72.42). It may suggest that Minerva Knitwear accelerated paying its suppliers.

Minerva Knitwear Days Payable Historical Data

The historical data trend for Minerva Knitwear'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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Minerva Knitwear Days Payable Chart

Minerva Knitwear Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial 48.59 57.47 71.01 47.23 53.27

Minerva Knitwear Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 60.60 41.87 73.84 51.79 72.42

Competitive Comparison of Minerva Knitwear's Days Payable

For the Textile Manufacturing subindustry, Minerva Knitwear'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.

Minerva Knitwear's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Minerva Knitwear's Days Payable distribution charts can be found below:

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


Minerva Knitwear 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.

Minerva Knitwear's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (1.344 + 1.458) / 2 ) / 9.599*365
=1.401 / 9.599*365
=53.27

Minerva Knitwear's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2022 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (1.458 + 1.808) / 2 ) / 4.115*365 / 2
=1.633 / 4.115*365 / 2
=72.42

* 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.

Minerva Knitwear Days Payable Related Terms

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Minerva Knitwear (ATH:MIN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Minerva Knitwear SA (ATH:MIN) » Definitions » Days Payable
Comparable Companies
ATH:LANAC ATH:AAAK HKSE:02313 SHSE:600346 SZSE:000301 IST:SASA TSE:3402 TPE:1402 SHSE:601233 BOM:532889 SHSE:600295 AIN SZSE:000158 BOM:521064 TPE:2915 BOM:514162 BOM:500330 SHSE:603055 SHSE:603306 SHSE:600370
Traded in Other Exchanges
N/A
Address
6th klm Thessaloniki - Oraiokastro, Thessaloniki, GRC, 564 29
Website
http://www.minerva.gr
Minerva Knitwear SA is engaged in manufacturing, processing and trading of woollen and cotton products, and other textile raw materials. The company's products include men's, women's and children's underwear, men's, women's and children's sleep body-suits-pyjamas, Home-wear clothes for the winter and beachwear for the summer, blouses, T-Shirts, and women's Lingerie.