Mestron Holdings Bhd (XKLS:0207) Days Payable : 61.99 (As of Dec. 2023)

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What is Mestron Holdings Bhd Days Payable?

Mestron Holdings Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM20.9 Mil. Mestron Holdings Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM30.8 Mil. Hence, Mestron Holdings Bhd's Days Payable for the three months ended in Dec. 2023 was 61.99.

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

XKLS:0207' s Days Payable Range Over the Past 10 Years
Min: 63.85 Med: 90.48 Max: 101.37
Current: 69.72

During the past 9 years, Mestron Holdings Bhd's highest Days Payable was 101.37. The lowest was 63.85. And the median was 90.48.

XKLS:0207's Days Payable is ranked worse than
55.72% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs XKLS:0207: 69.72

Mestron Holdings Bhd's Days Payable declined from Dec. 2022 (77.62) to Dec. 2023 (61.99). It may suggest that Mestron Holdings Bhd accelerated paying its suppliers.

Mestron Holdings Bhd Days Payable Historical Data

The historical data trend for Mestron Holdings Bhd'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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Mestron Holdings Bhd Days Payable Chart

Mestron Holdings Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.73

90.48

101.37

86.85

63.85

Mestron Holdings Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															77.62	99.61	63.16	68.73	61.99

Competitive Comparison of Mestron Holdings Bhd's Days Payable

For the Metal Fabrication subindustry, Mestron Holdings Bhd'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.

Mestron Holdings Bhd's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mestron Holdings Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Mestron Holdings Bhd's Days Payable falls into.

Mestron Holdings Bhd 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.

Mestron Holdings Bhd'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
=	( (26.894	+	13.166)	/	2 )	/	114.497	*	365
=	20.03					/	114.497	*	365
=	63.85

Mestron Holdings Bhd'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (28.711	+	13.166)	/	2 )	/	30.821	*	365 / 4
=	20.9385					/	30.821	*	365 / 4
=	61.99

Mestron Holdings Bhd Days Payable Related Terms

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Mestron Holdings Bhd (XKLS:0207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mestron Holdings Bhd (XKLS:0207) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

PT 50102, Jalan MU 1/9 Seksyen 10, Taman Perindustrian Meranti Utama, Puchong, SGR, MYS, 47120

Website

https://www.mestron.com.my

Mestron Holdings Bhd is engaged in the steel pole business. It offers various pole product such as Standard Street Light Pole, Decorative Street Light Pole, Telecommunication Monopole, High Mast Pole, Camera Pole, Traffic Pole, Mid-Hinge Collapsible Pole, Oil & Gas and Mining Light Poles. The company's segments include Manufacturing that manufactures steel poles comprising standard street lighting poles, decorative light poles and specialty poles; and Trading that trades outdoor lighting products, Renewable energy and Property development . Majority of the revenue is derived from Manufacturing segment.

Mestron Holdings Bhd (XKLS:0207) Headlines

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