MRC Global (FRA:37M) Days Payable : 53.63 (As of Mar. 2024)

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What is MRC Global Days Payable?

MRC Global's average Accounts Payable for the three months ended in Mar. 2024 was €348 Mil. MRC Global's Cost of Goods Sold for the three months ended in Mar. 2024 was €592 Mil. Hence, MRC Global's Days Payable for the three months ended in Mar. 2024 was 53.63.

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

FRA:37M' s Days Payable Range Over the Past 10 Years
Min: 40.45 Med: 46.47 Max: 57.93
Current: 57.93

During the past 13 years, MRC Global's highest Days Payable was 57.93. The lowest was 40.45. And the median was 46.47.

FRA:37M's Days Payable is ranked worse than
51.61% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs FRA:37M: 57.93

MRC Global's Days Payable declined from Mar. 2023 (56.96) to Mar. 2024 (53.63). It may suggest that MRC Global accelerated paying its suppliers.

MRC Global Days Payable Historical Data

The historical data trend for MRC Global'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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MRC Global Days Payable Chart

MRC Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.42

56.14

45.95

47.13

52.10

MRC Global 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															56.96	60.35	56.91	59.54	53.63

Competitive Comparison of MRC Global's Days Payable

For the Oil & Gas Equipment & Services subindustry, MRC Global'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.

MRC Global's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MRC Global's Days Payable distribution charts can be found below:

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

MRC Global 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.

MRC Global'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
=	( (387.04	+	325.535)	/	2 )	/	2496.074	*	365
=	356.2875					/	2496.074	*	365
=	52.10

MRC Global'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
=	( (325.535	+	369.84)	/	2 )	/	591.56	*	365 / 4
=	347.6875					/	591.56	*	365 / 4
=	53.63

MRC Global Days Payable Related Terms

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MRC Global (FRA:37M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MRC Global Inc (FRA:37M) » Definitions » Days Payable

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Traded in Other Exchanges

MRC:USA

Address

1301 McKinney Street, Suite 2300, Houston, TX, USA, 77010

Website

https://www.mrcglobal.com

MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.

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