MeGroup (SGX:SJY) Days Payable : 17.23 (As of Sep. 2023)

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What is MeGroup Days Payable?

MeGroup's average Accounts Payable for the six months ended in Sep. 2023 was S$5.4 Mil. MeGroup's Cost of Goods Sold for the six months ended in Sep. 2023 was S$57.1 Mil. Hence, MeGroup's Days Payable for the six months ended in Sep. 2023 was 17.23.

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

SGX:SJY' s Days Payable Range Over the Past 10 Years
Min: 11.5 Med: 15.89 Max: 40.76
Current: 14.59

During the past 8 years, MeGroup's highest Days Payable was 40.76. The lowest was 11.50. And the median was 15.89.

SGX:SJY's Days Payable is not ranked
in the Vehicles & Parts industry.
Industry Median: 65.85 vs SGX:SJY: 14.59

MeGroup's Days Payable increased from Sep. 2022 (8.32) to Sep. 2023 (17.23). It may suggest that MeGroup delayed paying its suppliers.

MeGroup Days Payable Historical Data

The historical data trend for MeGroup'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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MeGroup Days Payable Chart

MeGroup Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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13.99

15.32

16.45

11.50

12.01

MeGroup Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial										19.99	8.46	8.32	13.24	17.23

Competitive Comparison of MeGroup's Days Payable

For the Auto & Truck Dealerships subindustry, MeGroup'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.

MeGroup's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MeGroup's Days Payable distribution charts can be found below:

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

MeGroup 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.

MeGroup's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (2.143	+	5.417)	/	2 )	/	114.89	*	365
=	3.78					/	114.89	*	365
=	12.01

MeGroup's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (5.417	+	5.368)	/	2 )	/	57.105	*	365 / 2
=	5.3925					/	57.105	*	365 / 2
=	17.23

MeGroup Days Payable Related Terms

Thank you for viewing the detailed overview of MeGroup's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

MeGroup (SGX:SJY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MeGroup Ltd (SGX:SJY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Cecil Street, No. 14-01 Keck Seng Tower, Singapore, SGP, 069535

Website

https://www.me-grp.com

MeGroup Ltd is an automotive company. The company is involved in the manufacturing of noise, vibration, and harshness (NVH) and non-NVH components for the automotive industry. The business activities of the group function through the manufacturing business and dealership business segments where the manufacturing business segment specializes in manufacturing NVH components such as headliners and engine outers which are incorporated into various parts of automobiles, including the ceiling, dashboard, hood, and boot, as well as non-NVH components such as parcel trays and board assembly decks and the dealership business derives the majority of revenue which comprises several 3S and 4S automobile dealerships for the sale of new automobiles.

MeGroup (SGX:SJY) Headlines

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