Mills Locacao Servicos e Logistica (BSP:MILS3) Days Payable : 84.54 (As of Dec. 2023)

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What is Mills Locacao Servicos e Logistica Days Payable?

Mills Locacao Servicos e Logistica's average Accounts Payable for the three months ended in Dec. 2023 was R$119 Mil. Mills Locacao Servicos e Logistica's Cost of Goods Sold for the three months ended in Dec. 2023 was R$129 Mil. Hence, Mills Locacao Servicos e Logistica's Days Payable for the three months ended in Dec. 2023 was 84.54.

The historical rank and industry rank for Mills Locacao Servicos e Logistica's Days Payable or its related term are showing as below:

BSP:MILS3' s Days Payable Range Over the Past 10 Years
Min: 11.58 Med: 27.39 Max: 123.18
Current: 114.37

During the past 13 years, Mills Locacao Servicos e Logistica's highest Days Payable was 123.18. The lowest was 11.58. And the median was 27.39.

BSP:MILS3's Days Payable is ranked better than
77.98% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs BSP:MILS3: 114.37

Mills Locacao Servicos e Logistica's Days Payable declined from Dec. 2022 (134.73) to Dec. 2023 (84.54). It may suggest that Mills Locacao Servicos e Logistica accelerated paying its suppliers.

Mills Locacao Servicos e Logistica Days Payable Historical Data

The historical data trend for Mills Locacao Servicos e Logistica'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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Mills Locacao Servicos e Logistica Days Payable Chart

Mills Locacao Servicos e Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.37

33.87

40.01

123.18

122.18

Mills Locacao Servicos e Logistica 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															134.73	166.39	114.92	89.52	84.54

Competitive Comparison of Mills Locacao Servicos e Logistica's Days Payable

For the Rental & Leasing Services subindustry, Mills Locacao Servicos e Logistica'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.

Mills Locacao Servicos e Logistica's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mills Locacao Servicos e Logistica's Days Payable distribution charts can be found below:

* The bar in red indicates where Mills Locacao Servicos e Logistica's Days Payable falls into.

Mills Locacao Servicos e Logistica 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.

Mills Locacao Servicos e Logistica's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (224.801	+	103.198)	/	2 )	/	489.929	*	365
=	163.9995					/	489.929	*	365
=	122.18

Mills Locacao Servicos e Logistica'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
=	( (135.565	+	103.198)	/	2 )	/	128.852	*	365 / 4
=	119.3815					/	128.852	*	365 / 4
=	84.54

Mills Locacao Servicos e Logistica Days Payable Related Terms

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Mills Locacao Servicos e Logistica (BSP:MILS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mills Locacao Servicos e Logistica SA (BSP:MILS3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Estrada do Guerengue, 1381, Taquara, Rio de Janeiro, RJ, BRA, 22713-002

Website

https://ri.mills.com.br

Mills Locacao Servicos e Logistica SA operates in the infrastructure, construction, and manufacturing industries. Its activity includes Rental and sale, including imports and exports, of steel and aluminum tubular structures, shoring and access equipment for construction works, as well as reusable concrete formworks. Sale, rental, and distribution of aerial work platforms and telescopic handlers. It has a Construction business unit and Rental business unit segments, and the majority of the revenue derives from the Rental business segment.

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