Maris Tech (Maris Tech) Days Payable : 118.27 (As of Dec. 2023)

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What is Maris Tech Days Payable?

Maris Tech's average Accounts Payable for the six months ended in Dec. 2023 was $0.95 Mil. Maris Tech's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.46 Mil. Hence, Maris Tech's Days Payable for the six months ended in Dec. 2023 was 118.27.

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

MTEK' s Days Payable Range Over the Past 10 Years
Min: 117.71 Med: 199.33 Max: 226.13
Current: 171.98

During the past 5 years, Maris Tech's highest Days Payable was 226.13. The lowest was 117.71. And the median was 199.33.

MTEK's Days Payable is ranked better than
87.94% of 2422 companies
in the Hardware industry
Industry Median: 67.8 vs MTEK: 171.98

Maris Tech's Days Payable declined from Dec. 2022 (134.28) to Dec. 2023 (118.27). It may suggest that Maris Tech accelerated paying its suppliers.

Maris Tech Days Payable Historical Data

The historical data trend for Maris Tech'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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Maris Tech Days Payable Chart

Maris Tech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

226.13

204.36

117.71

163.95

199.33

Maris Tech Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				173.18	134.14	134.28	248.85	118.27

Competitive Comparison of Maris Tech's Days Payable

For the Electronic Components subindustry, Maris Tech'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.

Maris Tech's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Maris Tech's Days Payable distribution charts can be found below:

* The bar in red indicates where Maris Tech's Days Payable falls into.

Maris Tech 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.

Maris Tech'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
=	( (1.083	+	1.215)	/	2 )	/	2.104	*	365
=	1.149					/	2.104	*	365
=	199.33

Maris Tech'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.676	+	1.215)	/	2 )	/	1.459	*	365 / 2
=	0.9455					/	1.459	*	365 / 2
=	118.27

Maris Tech Days Payable Related Terms

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Maris Tech (Maris Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maris Tech Ltd (NAS:MTEK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Yitzhak Modai Street, Rehovot, ISR, 7608804

Website

https://www.maris-tech.com

Maris Tech Ltd is a provider of remote video, audio, telemetry acquisition, distribution and sharing solutions and products, using high-end digital video, audio and wireless communication technologies. It designs, develops, manufactures and commercially sells miniature intelligent video and audio surveillance and communication systems, which are offered as products and solutions for the professional as well as the civilian and home security markets.