Microalliance Group (Microalliance Group) Days Payable : 1.38 (As of Sep. 2022)

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What is Microalliance Group Days Payable?

Microalliance Group's average Accounts Payable for the three months ended in Sep. 2022 was $0.03 Mil. Microalliance Group's Cost of Goods Sold for the three months ended in Sep. 2022 was $1.76 Mil. Hence, Microalliance Group's Days Payable for the three months ended in Sep. 2022 was 1.38.

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

MALG's Days Payable is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 46.08
* Ranked among companies with meaningful Days Payable only.

Microalliance Group's Days Payable declined from Sep. 2021 (19.21) to Sep. 2022 (1.38). It may suggest that Microalliance Group accelerated paying its suppliers.

Microalliance Group Days Payable Historical Data

The historical data trend for Microalliance 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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Microalliance Group Days Payable Chart

Microalliance Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec19

Dec20

Dec21

Days Payable

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98.88

275.82

2.87

Microalliance Group Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Payable	Get a 7-Day Free Trial															19.21	9.70	12.19	17.27	1.38

Competitive Comparison of Microalliance Group's Days Payable

For the Packaged Foods subindustry, Microalliance 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.

Microalliance Group's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Microalliance Group's Days Payable distribution charts can be found below:

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

Microalliance 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.

Microalliance Group's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.135	+	0.029)	/	2 )	/	10.423	*	365
=	0.082					/	10.423	*	365
=	2.87

Microalliance Group's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

	Days Payable (Q: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (0.051	+	0.002)	/	2 )	/	1.755	*	365 / 4
=	0.0265					/	1.755	*	365 / 4
=	1.38

Microalliance Group Days Payable Related Terms

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Microalliance Group (Microalliance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Microalliance Group Inc (OTCPK:MALG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial East Street, Shatoujiao Street, 4th Floor, Building 10, Yantian International Creative Port, Yantian District, Guangdong Province, Shenzhen, CHN, 518000

Website

https://www.fountainhealthyaging.com

Microalliance Group Inc is engaged in two types of products: coffee and liquor. The Company develops, produces, markets and sells under the brand name coffee tea products, which are specialty coffee products with Chinese black tea's taste, as well as black coffee products and other coffee products. The Company sells its coffee products wholesale to retail partners and corporate customers, as well as directly to consumers in the PRC via its e-commerce channels. Its licensed Nainiang Liquor retail stores have opened in cities in China, such as Beijing, Shanghai, Shenzhen, Xiamen, Chongqing, Chengdu, Kunming, Foshan, Zhaoqing, Huangshan, Jingzhou and Baoding. The Company generates more revenues than from the coffee business.

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