Magnit PJSC (MIC:MGNT) Days Payable : 37.42 (As of Jun. 2023)

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What is Magnit PJSC Days Payable?

Magnit PJSC's average Accounts Payable for the six months ended in Jun. 2023 was ₽194,578 Mil. Magnit PJSC's Cost of Goods Sold for the six months ended in Jun. 2023 was ₽948,935 Mil. Hence, Magnit PJSC's Days Payable for the six months ended in Jun. 2023 was 37.42.

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

MIC:MGNT' s Days Payable Range Over the Past 10 Years
Min: 26.24 Med: 40.85 Max: 45.46
Current: 35.74

During the past 13 years, Magnit PJSC's highest Days Payable was 45.46. The lowest was 26.24. And the median was 40.85.

MIC:MGNT's Days Payable is ranked worse than
60.71% of 308 companies
in the Retail - Defensive industry
Industry Median: 43.72 vs MIC:MGNT: 35.74

Magnit PJSC's Days Payable increased from Jun. 2022 (36.49) to Jun. 2023 (37.42). It may suggest that Magnit PJSC delayed paying its suppliers.

Magnit PJSC Days Payable Historical Data

The historical data trend for Magnit PJSC'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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Magnit PJSC Days Payable Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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43.01

45.46

43.92

42.03

39.66

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															38.67	35.19	36.49	36.68	37.42

Competitive Comparison of Magnit PJSC's Days Payable

For the Discount Stores subindustry, Magnit PJSC'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.

Magnit PJSC's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Magnit PJSC's Days Payable falls into.

Magnit PJSC 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.

Magnit PJSC'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
=	( (182054.322	+	212404.6)	/	2 )	/	1814993.574	*	365
=	197229.461					/	1814993.574	*	365
=	39.66

Magnit PJSC'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
=	( (212404.6	+	176750.868)	/	2 )	/	948934.91	*	365 / 2
=	194577.734					/	948934.91	*	365 / 2
=	37.42

Magnit PJSC Days Payable Related Terms

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Magnit PJSC (MIC:MGNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (MIC:MGNT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.